Today, Nirmala Sitharaman will introduce the single nodal agency dashboard

Single Nodal Agency (SNA)

Finance Minister Nirmala Sitharaman will unveil a Single Nodal Agency (SNA) dashboard on Tuesday, which would allow ministries and agencies to track the flow of money to states and their use.

According to a statement from the finance ministry, the SNA dashboard was created to provide stakeholders of the SNA model with the essential feedback and monitoring tools for the functioning of the schemes.

The ministry tweeted “The SNA dashboard of PFMS will provide a platform for ministries/ departments to monitor their transfer of funds to states, its utilization by the implementing agencies, and assist in cash management of the government,” “This revised procedure, now referred to as the SNA model, requires each state to identify and designate an SNA for every scheme. All funds for that state in a particular scheme will be credited in this bank account, and all expenses will be made by all other implementing agencies involved from this account,”

The SNA dashboard is part of a public financial management reform initiative that began in 2021 and focuses on the release, disbursement, and monitoring of funding for Centrally Sponsored Schemes (CSS).

In a statement, the ministry stated, “This revised procedure, now referred to as the SNA model, requires each state to identify and designate an SNA for every scheme. All funds for that state in a particular scheme will be credited in this bank account, and all expenses will be made by all other implementing agencies involved from this account,”   The dashboard is being unveiled as part of the finance ministry’s Azadi Ka Amrit Mahotsav week festivities.

Related Posts
FM Nirmala Sitharaman: India plans to bring digital currency by next year
FM Nirmala Sitharaman

India plans to launch digital money by 2023, according to Finance Minister Nirmala Sitharaman. "The government and RBI are looking Read more

Nirmala Sitharaman US semiconductor firms will increase their investments in India; With incentives 
Nirmala Sitharaman

Nirmala Sitharaman, India's finance minister, met with officials from the US semiconductor sector and asked them to invest more in Read more

Budget bets big on public infra: Subsidy bill falls as Covid concern eases

While presenting the Union Budget on Tuesday, Finance Minister Nirmala Sitharaman stressed the “overall sharp rebound and recovery” of the Indian economy Read more

Union Budget 2021: Budget to go paperless, first time in history of independent India
Union Budget 2021: Budget to go paperless, first time in history of independent India

By Administrator_India Capital Sands Union Budget 2021 which is scheduled to be presented on February 1 will go paperless as Read more

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x