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.
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.
Nodal Department for Service Matters of Officers of FA Setup
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.
Creation of New FA Setup and Rearrangement of FA Clusters
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.
Departments should Utilize the FA System
Administrative departments should mandatorily utilise the FA system within their departments in various matters related with budget management, tender and procurement etc.
Access of MIS Dashboard and Reports of IFMS to FA
The guidelines for User creation for Financial Advisors at Departmental level with access to view only the MIS dashboard and reports is enclosed herewith.
Constitution of Departmental Approval Committee
Each Department shall constitute a Departmental Approval Committee (DAC) comprising Additional Chief Secretary /Principal Secretary /Secretary as Chairman.
Role, Duty and Responsibility of Financial Advisers
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).
Creation of Posts for the System of Financial Advisers
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.
Financial Adviser in different Departments
Render advice on all financial matters including procurement proposals which would otherwise have required concurrence of the Finance Department.