Read Time:3 Minute, 42 Second
Raipur, December 31, 2024: Chhattisgarh government, led by Chief Minister Vishnu Dev Sai, has achieved a significant milestone by implementing an IT-based financial management system to bring transparency and efficiency in administrative work.
Chhattisgarh has adopted the “Just in Time” (JIT) model and SNA Sparsh system for financial management of centrally sponsored schemes. This system facilitates the disbursement, tracking and payment of funds while making the financial flow efficient, official sources said today.
Under this, the state government has integrated the central funds through RBI’s e-Kuber network and the state funds through Financial Management and Information System (FMIS). This initiative has also ensured timely utilization of funds and reporting of expenditure in real time, they said.
Under this reform, smart payment algorithm has been used, due to which payment is made in real time based on trigger rules. This has improved the results of Public Financial Management System (PFMS).
Also, by creating digital platforms and portals in the state, the benefits of government schemes are being delivered to the general public in a fast and transparent manner, they added.
Appreciating this digital reform, the central government has provided an incentive of Rs 250 crore to the state in the form of capital expenditure (capex).
Chhattisgarh government has made its technology-based reforms nationally relevant to promote Digital India and Direct Benefit Transfer (DBT). The state’s infrastructure projects and infrastructure ecosystem will get a further boost with this stimulus.
Chief Minister Vishnu Dev Sai has said that technology based reforms and good governance are the key to Chhattisgarh’s economic development. “This achievement is not only a proof of administrative efficiency but also a proof of our government’s resolve for good governance towards the people. This effort of the Chhattisgarh government will not only make the state technologically strong but will also become an inspiration for other states,” he said.
It is noteworthy that the Chhattisgarh government is promoting the use of IT to speed up administrative work. Under this, the State Government has adopted the JIT (Just in Time) model under SNA Sparsh for releasing, distributing and tracking funds for centrally sponsored schemes and for better cash management.
Through this, work is being done through a new system for centrally sponsored schemes, the objective of which is to optimize the use of funds by receiving funds from the consolidated fund of the Center and the State at the right time, focusing on efficient payment processing, and to provide the facility of real-time reporting of expenditure.
In this, the amount of the state’s share of the centrally sponsored scheme is released through FMIS (Financial Management and Information System) and the amount of the Center’s share is released through RBI’s e-Kuber network, due to which real-time fund utilization is being done.
The process of “just in time” fund transfer through Just in Time has been adopted to facilitate public financial management system by establishing payment cum accounting network with efficient fund flow system for centrally sponsored schemes. Under this, efficient payments are being made in real time based on rules triggered through algorithms under smart payments, which has helped in improving financial management outcomes in the public sector.
The Chhattisgarh government is committed to strengthen the Digital India initiative of the Central Government. The Just in Time model for better cash management and Public Finance Management System (PFMS) supports Digital India and Direct Benefit Transfer (DBT). “Technology based reform and good governance rapid economic development” is one of the strategic pillars included in the budget statement for the financial year 2024-25.
The Government of India is also providing full support for this reform done to adopt financial management system for centrally sponsored schemes. For this reform, the state has been provided an incentive amount of Rs 250 crore from the Government of India for capital expenditure (capex).
Apart from this, it is possible to receive an additional incentive amount of Rs 250 crore. This amount is being used to strengthen the infrastructure ecosystem in the infrastructure construction projects of the state, the sources added.
