10.15. — CAM
CAM
Original Rule Text
10.15. Single Nodal Account (SNA) Implementation under the Centrally Sponsored Schemes (CSS):- 10.15.1 The General Financial Rules 232
(v) prescribes the release of funds to the State Governments and monitoring utilisation of funds through PFMS. As an important Public Financial Management reform, the fund release mechanism was changed by Ministry of Finance for the Centrally Sponsored Schemes applicable from 1.7.2021 that aim at better cash management and best value realization for every rupee spent by the government. SNA model for Centrally Sponsored Schemes requires every state to designate an SNA for each CSS.