NEWS
- 10 March | ForumIAS Residential Coaching (FRC) Student secures Rank 6 in CSE 2025! →
- 10 March | SFG Folks! This dude got Rank 7 in CSE 2025 with SFG! →
- 10 March | SFG Folks! She failed prelims 3 times. Then cleared the exam in one go! Watch Now! →
News: The Union Minister of Rural Development has released the “Financial Management Index for Rural Development Programmes”.
Facts:
- Aim: To rank states on efficient management of financial resources allocated for implementing rural development programmes.
- Parameters: The index will rank the States on the basis of following parameters:
- Preparation of annual plan and projecting the requirement of funds for the financial year;
- Expeditious release of State’s share;
- Timely utilization of the funds and submission of the Utilization Certificates;
- Optimum implementation of Public Financial Management System (PFMS) & Direct Benefit Transfer(DBT);
- Internal Audit and
- Social Audit.
- Significance: The performance of the States in the Index would promote the spirit of competitive, cooperative federalism amongst States.
