FINANCIAL MANAGEMENT INDEX FOR RURAL DEVELOPMENT

About:

• The index will rank the performance of the States on the basis of following parameters:
  • Preparation of annual plan, projecting the requirement of funds for the financial year, expeditious release of State’s share, timely utilization of the funds and submission of the Utilization Certificates etc.;
    
    
  • Optimum implementation of Public Financial Management System (PFMS) & Direct Benefit Transfer;
    
    
  • Internal Audit; and
    
    
  • Social Audit.
    
    
  
  
  
• The performance of the States on the parameters of the Index would also promote the spirit of competitive, cooperative federalism amongst States.