Wednesday, Aug 05, 2020 | Last Update : 10:48 PM IST

133rd Day Of Lockdown

Maharashtra45795629935616142 Tamil Nadu2682852087844349 Andhra Pradesh176333956251604 Karnataka145830692722704 Delhi1391561252264033 Uttar Pradesh100310572711817 West Bengal80984568841785 Telangana6894649675563 Gujarat65704485612529 Bihar6203140760349 Assam4816233429115 Rajasthan4667932832732 Haryana3779631226448 Odisha3768124483258 Madhya Pradesh3508225414912 Kerala279561629988 Jammu and Kashmir2239614856417 Punjab1901512491462 Jharkhand140705199129 Chhatisgarh10109761369 Uttarakhand8008484795 Goa7075511460 Tripura5520367528 Puducherry4147253758 Manipur301818147 Himachal Pradesh2879171013 Nagaland24056594 Arunachal Pradesh179011053 Chandigarh120671520 Meghalaya9173305 Sikkim7832971 Mizoram5022820
  Business   Economy  05 Jun 2020  No new government schemes for a year, Centre cuts back amid COVID-19 crisis

No new government schemes for a year, Centre cuts back amid COVID-19 crisis

PTI
Published : Jun 5, 2020, 4:25 pm IST
Updated : Jun 5, 2020, 4:25 pm IST

Schemes that are already approved for the currrent financial year will remain suspended till March 31 next year or further orders

 Finance ministry asked all ministries and departments not to initiate any new scheme in the current financial year. (PTI Photo)
  Finance ministry asked all ministries and departments not to initiate any new scheme in the current financial year. (PTI Photo)

New Delhi: The finance ministry has asked all ministries and departments not to initiate any new scheme in the current financial year and said that there is a need to use resources prudently in the wake of the COVID-19 crisis.

However, funds for schemes under the Pradhan Mantri Garib Kalyan Package, the Aatmanirbhar Bharat Abhiyan package and any other special package or announcement would be allocated, according to an office memorandum by the Department of Expenditure, which comes under the finance ministry.

 

Also, schemes that are already approved for the currrent financial year will remain suspended till March 31 next year or further orders. This would also include those schemes for which in-principle approval has been given by the department.

"It may be appreciated that in the wake of the COVID-19 pandemic, there is an unprecedented demand on public financial resources and a need to use resources prudently in accordance with emerging and changing priorities," the expenditure department said adding that it has been receiving many new proposals for in-principle approval from various ministries or departments.

"No new proposals for a scheme/sub-scheme should be initiated this year (2020-21) except the proposals announced under the Pradhan Mantri Garib Kalyan Package, the Aatmanirbhar Bharat Abhiyan package and any other special package/announcement," it said.

 

With regard to the existing ongoing schemes, the department said it has already given an interim extension till March 31, 2021, or till the date the recommendations of the 15th Finance Commission come into effect, whichever is earlier.

"No funds may be released for schemes that are not in strict conformity to the instructions nor should budgetary provisions be made available by re-appropriation to such schemes," it said adding any exceptions to these guidelines would require approval of the expenditure department.

Tags: finance ministry, ministries, departments, new scheme, covid-19 crisis, aatmanirbhar bharat abhiyan package, covid-19 pandemic
Location: India, Delhi, New Delhi