Finance

The functions of the Finance Department are performed through 5 (five) branches, namely, Audit, Budget, Revenue, Internal Audit and Institutional Finance.

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Letter of Credit Monitoring System (LOCMS)

Letter of Credit Monitoring System is On-line authorization and sanction of LOC in order to speedy transfer of fund for timely execution of development works in a transparent way.

Interest Rate on Loans and Advances for 2012-2013

(i) Up to Rs. 50,000/- ………… 6% (ii) Up to Rs. 1,50,000/- ………… 7.5% (iii) Up to Rs. 5,00,000/- ………… 9% (iv) Up to Rs. 7,50,000/- ………… 9.5%

Loans and Advances of State Government for 2012-2013

The period of repayment of working capital loans should preferably be restricted to 2 or 3 years. In no case, however, the period of these loans should exceed 5 years.

Refund of Money deposited to GPF or Suspense Head of Account

The Head of office shall submit an application to the O/o. the Accountant General (A&E) West Bengal requesting them to confirm the amount credited in the account of the concerned Officer under the head ‘8658’.

Further Allotment of Fund up to March 2013

The Administrative Departments/Controlling Authorities may make further allotment of fund up to current year’s budget provision relating to Non-Plan expenditure for Non-Salary items for the month up to March, 2013.

Special Allowance for Protocol Duties by Secretariat Assistants

Additional remuneration shall be payable to those Secretariat Assistants who perform such protocol duties in addition to their normal duties frequently and on a regular basis.

Grant of Tiffin Allowance to Mechanical Staff (Automobiles)

Mechanical Staff employed in the Pool Car establishment in the districts including Kolkata under the Transport Department and other Departments will get Tiffin Allowance at the rate of Rs. 10/- per Hour subject to a maximum of Rs. 60/- per working day.