Financial Advisor
Financial Advisor shall render advice to the Additional Chief Secretary/ Principal Secretary/ Secretary/ Special Secretary-in-Charge of the Department on all financial matters including procurement proposals.
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Governor has been pleased to enhance the limit of financial power of the Additional Chief Secretary/ Principal Secretary/ Secretary for administrative approval for any plan expenditure upto Rs. 20.00 Crore.
If FA cluster is attached to only one Department that department will look after the service matters incl. pay and other allowances of the officers and employees of the FA setup.
Presently, there are 20 clusters of departments with a FA setup in each such cluster. But recently 21 departments of the Government have been merged to form 10 departments.
Administrative departments should mandatorily utilise the FA system within their departments in various matters related with budget management, tender and procurement etc.
The guidelines for User creation for Financial Advisors at Departmental level with access to view only the MIS dashboard and reports is enclosed herewith.
Financial Advisors are mandated to advise the departments on various issues concerning budgetary and fiscal control, financial rules, treasury rules and procurement policy of State.
The following measures are prescribed to utilize the services of the departmental Financial Adviser system in exercising oversight for the effective functioning and financial management of such organisations.
The Departments shall process all the files dealing with financial matters, both plan and non-plan, through their Financial Advisors; The Departmental Secretary will exercise the financial powers delegated by Finance Department from time to time, after obtaining advice from the Financial Advisor (FA);
Each Department shall constitute a Departmental Approval Committee (DAC) comprising Additional Chief Secretary /Principal Secretary /Secretary as Chairman.
Financial Adviser shall be competent to accord Administrative Approval for the projects/ schemes under 13th Finance Commissions Grants or under Backward Regions Grant Fund (Special).
Financial Adviser (to be filled up by an officer in the rank of Special Secretary or Joint Secretary) has been introduced in the following six departments.
Render advice on all financial matters including procurement proposals which would otherwise have required concurrence of the Finance Department.