J&K Govt Sets Strict Timelines for Fund Release, Bill Clearance

Jammu, Jul 22: The Jammu and Kashmir Government has prescribed strict timelines for the release of funds and processing of bills to ensure timely execution of development projects and streamline the payment cycle across departments.

According to a Government order issued by the Finance Department, Administrative Departments have been directed to release Capital Expenditure (CAPEX) funds to Heads of Departments (HoDs) within 10 days of their receipt from the Finance Department. HoDs must further transfer the funds to executing agencies or Drawing and Disbursing Officers (DDOs) within the next 10 days, failing which the unutilised funds will be reversed.

For Centrally Sponsored Schemes operating under the SNA-SPARSH framework, departments have been instructed to release funds to subordinate offices within 48 hours.

The order also mandates that sanctions for advance drawals be issued within five working days, followed by submission of bills within the next five working days.

Treasury offices have been directed to process bills within two working days, while any deficiencies must be communicated to the concerned departments within one working day.

To ensure effective monitoring, the National Informatics Centre (NIC), J&K will develop a real-time dashboard to track bill processing and compliance. The Additional Chief Secretary, Finance Department, will oversee implementation of the prescribed timelines.

All Administrative Departments, Financial Advisers, Treasury Officers and other concerned authorities have been instructed to strictly adhere to the new timelines to improve financial discipline and expedite developmental works across the Union Territory.

Check order copy here: Order Copy