LOC

New LOC system for on-line authorization and issue of LOC to make transfer of fund faster for timely execution of the developmental works in a transparent manner.

Validity of LOC Cheques issued before 31.03.2014

Finance

All the L.O.C. Cheques issued on or before 31.03.2014 by the Divisional Officers of Public Works Executing Departments and Forest Department of the State Government shall remain valid for encashment upto 10.04.2014.

Guidelines for Issuing LOC of Deposit Works – Unspent Balance

Finance

LOC Issuing Authority shall approach their respective Administrative Department for issuing sanction order authorising them to issue LOC against the balance unspent amount.

Letter of Credit Monitoring System (LOCMS)

Finance

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.

Workshop on the new Letter of Credit (LOC) System

Finance

User Manual for implementation of Letter of Credit Monitoring System (LOCMS) is made available for usage by LOC Issuing Offices and LOC Execution Offices. Training Program on new LOC system will be held at Rotunda of Writers Buildings.

Introduction of New Letter of Credit (LOC) System

Finance

NIC has developed a New system for on-line authorisation and issue of LOC to make transfer of fund faster for timely execution of the developmental works in a transparent manner.

Validity of LOC Cheques for 2012-13

Finance

All the L.O.C. cheques issued on or before 28.03.2013 by the Divisional Officers of Public Works Executing Departments and Forest Department of the State Government shall remain valid for encashment up to 12.04.2013.

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