The Union Minister for Finance has launched the Single Nodal Agency(SNA) Dashboard of PFMS (Public Financial Management System).<\/span><\/p>\n SNA Dashboard is a major reform initiated in 2021.<\/span><\/p>\n Purpose: <\/b>It is a <\/span>system <\/span>with regards to the manner in which funds for Centrally Sponsored Schemes (CSS) are released, disbursed and monitored. <\/span>\u00a0<\/span><\/p>\n Under this system,<\/b> each state is required to i<\/span>dentify and designate an SNA for every scheme. All funds for that State in a particular scheme are now credited in this bank account and all expenses by all other Implementing Agencies involved are effected from this account.\u00a0<\/span><\/p>\n Firstly, <\/b>this model ensures that the allocation of funds to States for the CSS is made in a timely manner and after meeting various stipulations.\u00a0<\/span><\/p>\n Secondly,<\/b> effective implementation of this Model has brought about greater efficiency in CSS fund utilization, tracking of funds, pragmatic and just-in-time release of funds to the States; ultimately all contributing to better Cash Management of the Government.<\/span><\/p>\n Source: <\/b>The post is based on the article<\/span> \u201c<\/b>Union Finance Minister launches Single Nodal Agency(SNA) Dashboard as a part of the Azadi ka Amrit Mahotsav (AKAM) celebration<\/b>\u201d<\/b> published in<\/span> PIB <\/b>on 7th June 2022.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? The Union Minister for Finance has launched the Single Nodal Agency(SNA) Dashboard of PFMS (Public Financial Management System). What is SNA Dashboard? SNA Dashboard is a major reform initiated in 2021. Purpose: It is a system with regards to the manner in which funds for Centrally Sponsored Schemes (CSS) are released,… Continue reading Union Finance Minister launches Single Nodal Agency(SNA) Dashboard as a part of the Azadi ka Amrit Mahotsav (AKAM) celebration<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[3590],"class_list":["post-189431","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-pib","entry"],"jetpack_featured_media_url":"","views":{"total":2,"cached_at":"","cached_date":1704752532},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/189431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=189431"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/189431\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=189431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=189431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=189431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What is SNA Dashboard?<\/b><\/h5>\n
Significance of SNA Model<\/b><\/h5>\n