AIZAWL, JUN 1 (PTI): Mizoram Chief Minister Lalduhoma on Monday said the state government is eligible to receive Rs 650 crore under the Special Assistance to States for Capital Investment programme for the current financial year.
Addressing a meeting-cum-workshop on SASCI and Real-time System of Integrated Quick Transfers (SNA SPARSH) in Aizawl, Lalduhoma, who also holds the finance portfolio, said technological advancements have transformed the way central funds are received and managed, making financial administration more efficient and transparent.
He said since SNA SPARSH has become the principal platform through which the state receives and manages a significant portion of its funds, it is essential that all departments have a clear understanding of its operation to ensure smoother implementation of schemes.
During the event, Lalduhoma said the state had received an incentive of Rs 350 crore under SASCI Part 9 for efficiency in financial management due to its strong performance and coordinated efforts during the previous year.
He said the state government is determined to secure all reform-linked incentives available under various SASCI components during the current financial year as well.
To facilitate this objective, the government has delegated financial powers to all administrative heads under the Charter of Financial Advisers to streamline and expedite the issuance of administrative approvals and expenditure sanctions, he said.
The CM emphasised the importance of timely fund utilisation, stating that departments must promptly utilise funds once sanctions are received and ensure SNA SPARSH accounts are closed without delay.
