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RevisedprocedureFOFSFURTI.pdf

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RevisedprocedureFOFSFURTI.pdf

  1. 1. File No: G-270l7!8!2022-KVI (I) Government of India Ministry of Micro Small and Medium Enterprises (KVI-I Section) *** Udyog Bhawan, New Delhi-llOOll Dated: 12thAugust, 2022 To All Nodal Agencies under SFURTI Subject: Implementation of Revised procedure for flow of funds under Central Sector Schemes of M!o MSME - SFURTI - Reg. Sir! Madam, Kindly find attached herewith instructions issued by Department of Expenditure, Ministry of Finance regarding, revised procedure to be followed by Ministries! Departments for release of funds under Central Sector Schemes and for monitoring its utilization. In this context, the Khadi and Village Industries Commission (KVIC) has been nominated as the 'Central Nodal Agency' (CNA) for implementing the revised procedure for flow of funds in 'Scheme of Fund for Regeneration of Traditional Industries' (SFURTI), a Central Sector Scheme under this Ministry. 2. In compliance with the revised procedure, as mentioned above, the CNA shall open a dedicated account, 'Central Nodal Account' in a Scheduled commercial Bank, for implementing the revised fund flow w.r.t SFURTI. All the remaining Nodal agencies (NAs) will be designated as Sub Agencies (SAs) under the CNA and the dedicated accounts of all the clusters, being Sub Agencies under the NAs, shall accordingly be mapped by the respective Nodal Agencies for the purpose of release of funds and monitoring of its utilization. 3. Likewise, a Zero balance subsidiary account of all the SAs shall be opened in the same commercial bank, in which CNA shall be opening the Central Nodal Account, and the SAs shall deposit back the entire unspent balance, lying in their existing bank accounts, to the CNA's dedicated account.
  2. 2. -~- ••• GoIh~ 4. Therefore, in compliance with the directions of the Ministry of Finance, all the Nodal Agencies under SFURTI are requested to immediately identify the clusters with them as Sub Agencies, for mapping of their Bank accounts with the CNA's account (as per the attached Format), under intimation to the Ministry. YOursfty, (P.K. singh) Under Secretary to the Govt. of India Email: pk.singh23@gov.in Encl: 1.Department of Expenditure, Ministry of Finance's O.M. dated 19thApril ,2022 2. Format for providing Cluster wise details for mapping. Copy to- (i) CEO, KVIC (ii) Sr. PPS to JS (ARI)

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