1 / 15

BANKING ARRANGMENT FOR ADDITIONAL FINANCING

BANKING ARRANGMENT FOR ADDITIONAL FINANCING. PROCESS FOR RELEASE OF FUND. DDO’s submit Sanction & Fund Release Proposal through HOD. PCU OFFICE. HOD OFFICE. DDO OFFICE. Then HOD’s submit Sanction & Fund Release Proposal to PCU, ARIAS Society.

gizela
Télécharger la présentation

BANKING ARRANGMENT FOR ADDITIONAL FINANCING

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. BANKING ARRANGMENT FOR ADDITIONAL FINANCING

  2. PROCESS FOR RELEASE OF FUND DDO’s submit Sanction & Fund Release Proposal through HOD PCU OFFICE HOD OFFICE DDO OFFICE Then HOD’s submit Sanction & Fund Release Proposal to PCU, ARIAS Society

  3. SANCTION & FUND RELEASE POWERS • Based on approved AWP/Administrative Approval, HODs move PCU for schematic/activity wise sanction proposal(s) • All schemes upto Rs. 100.00 lakhs- by SPD • All schemes above Rs. 100.00 lakhs and upto Rs. 250.00 lakhs -by SPD with approval of APC • All schemes above Rs. 250.00 lakhs-by SPD with approval of Sanction Sub Committee (SSC) • Schemes under direct implementation responsibility of PCU, and costing upto Rs. 20.00 lakhs -by SPD • Sanctions above Rs. 20.00 lakhs for schemes, which are under direct implementation responsibility of PCU, is accorded by SPD with approval of APC

  4. PARENT-CHILD BANK ACCOUNTS • On recommendation of the World Bank’s May 2012 Mission, Parent-Child Bank Account Systems started under AACP-AF from June, 2012, as an effort towards Better Fund Management for efficiency in Financial Management • MOU signed with 3 Banks with coverage in Maximum Districts • Union Bank of India • United Bank of India • UCO Bank Continued

  5. PARENT CHILD BANKS ACCOUNT • Department wise Parent-Child Bank Accounts with • Union Bank of India - PWD and Forest • United Bank of India - Agriculture and Fisheries • UCO Bank - Dairy and A.H. & Veterinary • Banks submit monthly MIS report of Parent-Child A/c to PCU.

  6. FUND RELEASE PROCESS IN PARENT-CHILD BANK ACCOUNT SYSTEMS After approval of Sanction & Fund Release Proposal by PCU BANK PCU fixes limit for Accounting Centre (Child Account) depending on the FRP and the limit is intimated to the bank as well as to Accounting Centre. PCU OFFICE DDO OFFICE Each Accounting Centre has opened zero balance bank account (Current Account) with a convenient branch of the same bank where the parent account is opened by PCU for respective line Departments. Any payment made from child account within the limit would be swept from the Parent Account (PCU) at the end of every day. The Accounting Centre disburses fund to the extent of available limit, no cheque / draft beyond the limit would be honoured by bank. Fund are released electronically to the beneficiary groups/contractors/suppliers etc. by the Accounting Centre. The beneficiary groups/contractors/suppliers open bank account with branches having electronic fund transfer facility.

  7. FUND RELEASE PROCESS IN PARENT CHILD SYSTEMS After receiving the Fund Limit Intimation Order by the DDO’s, fund are released immediately through electronically (RTGS) to the beneficiary groups/contractor etc. DDO OFFICE BANK • All payment made through bank/electronic transfer, a payment advice letter send to the bank with cheque, with detail like – • Beneficiary Group / Contractor name • Name of the Bank with branch • Full A/c No. • IFSC Code • Transfer Amount • Mobile No. of the Beneficiary Group / Contractor.

  8. FUND RELEASE PROCESS IN PARENT CHILD SYSTEMS After receiving of payment advice letter by Bank, Bank transfer fund to beneficiary groups / Contractor etc. through RTGS/electronically & also send SMS alert to PCU, DDO’s Office & beneficiary groups /contractor etc. Your Account have been Credited by Rs. xxxxxx BENEFICIARY GROUPS / CONTRACTOR BANK PCU have viewing right of the transactions of bank accounts of all accounting centers. Nodal Office of each line department has also viewing right of transactions of bank account of all the accounting centre under the respective line Dept DDO’s of each department has viewing right of transaction of bank account of Child A/c.

  9. BOOK KEEPING IN PARENT-CHILD ACCOUNTING SYSTEMS In PARENT A/c In Cash Book Fund Limit Amount booked Bank Reconciliation (difference between Fund Limit issue by Parent A/c & Fund Limit Drawn by Child A/c) In CHILD A/c Transaction amount is booked in receipt & payment side of cash book of all ACs. Bank Reconciliation

  10. DISTRICT ACCOUNT MANAGER • PCU appointed 10 (Ten) nos. of District Account Manager (DAM) under AACP-Additional Financing. • Each DAM is assigned 4 to 6 Accounting Centre in respective Districts. • Objective: • Improve timeliness of financial reporting from various accounting centers • As IUFR based disbursement require timely receipt of IUFRs DAMs primarily responsible for • updating monthly accounts from manual cash book and ledgers maintained by accounting centers • send reports to PCU for consolidation on a monthly basis • support/train community groups on FM aspects Continued

  11. DISTRICT ACCOUNT MANAGER • DAM assist Accounting Centres (AC) for preparing Accounts • Enter data in accounting software (Tally) from AC’s Cash Book • Prepare and submit Monthly/Quarterly Reports. • Verify manual Cash book of ACs with supporting vouchers. • Assist and guide the ACs on accounts matter. • Assist ACs in Audit matters. • Verify books of accounts of BRC/beneficiary groups from time to time.

  12. TRAINING ON PARENT-CHILD ACCOUNTING SYSTEMS PCU conducted detailed training programs for Accounts Staffs of Accounting Centres as well as for District Accounts Managers.

  13. MONTHLY REIMBURSEMENT CLAIMS Submission by Accounting Centres

  14. REIMBURSEMENT CLAIM • Reimbursement Claim for AF-AACP is IUFR based. • Accounting Centers submit reimbursement claim directly to PCU in IUFR format with a copy to HoD. • PCU compile data and submit consolidated IUFR to the World Bank for approval. • On receipt of no-objection from the World Bank PCU submit reimbursement claim to Controller Aid, Accounts and Audit (Government of India) in IUFR format.

  15. THANK YOU CLICK

More Related