Central Plan Scheme Monitoring System: Difference between revisions

Revision as of 23:08, 22 November 2010

Revision as of 07:22, 11 December 2010

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==Why CPSMS==

There are over 1045 plans being implemented in the priority social sector, aimed at millions of beneficiaries across India, through the different ministries of the central government of India. Moreover, the Central Government also releases funds under Additional Central Assistance program to states to use within their region. Approximately Rs. 300,000 crores (USD 68066 millionBillion) are released under these channels each year. Given the diversity in and number of channels through which the money is spent, the Central Government finds it necessary to ensure that the money is spent according to its intended purpose, and provide an accounting of same.

CPSMS' purpose is to provide greater transparency and accountability to social sector monitoring that has not existed until now. Financial utilization can be put in the public ___domain, and fund transfers to grassroots entities and utilization by them can be accessed by interested individuals and organizations. Only about 20% of these funds are routed to states through the Treasury route and 80% of funds are sent through Special Purpose Vehicles, which have weaker intrinsic internal control mechanisms available in the Treasury mechanism.