11 June 2010

Computerisation of State Treasuries

Union Cabinet today approved the Mission Mode Project for computerisation of State Treasuries. This scheme, at an overall cost of Rs.626 crore aims at supporting the State Governments to computerise their treasury functions and provide the required interface for data sharing among treasuries, State finance departments, Accountant General Offices, Reserve Bank of India, Agency Banks and Central Plan Schemes Monitoring System of Controller General of Accounts.

The focus of the project is to improve the efficiency and transparency of the financial administration of the State Governments.

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