Ongoing projects to be funded through surplus revenue accruals of Corporation
Srinagar, May 26: Jammu Kashmir Infrastructure Development Finance Corporation (JKIDFC) will not take up new languishing projects for funding.
The Finance department said that funding of JKIDFC projects would be done through budgetary route out of the surplus revenue accruals of JKIDFC with the government.
It also said that a Project Monitoring Unit (PMU) would be set-up in the Finance Department for maintenance, up-gradation and modifications of IT enabled systems being implemented in the Department which include BEAMS, JKPaysys, PROOF, EMPOWERMENT portal, e-Audit portal, Mera Vetan, GRAS, GPF system, DBT, PFMS and E-Billing System etc.
“The PMU shall also look after the affairs of the JKIDFC as per existing structure for payment of bills furnished by PIAs on JKIMS portal for the completion of the projects implemented through JKIDFC, debt servicing and other statutory compliances,” the order states.
The PMU shall be created initially for 5 years under direct control of the administrative secretary, Finance Department, with an officer of the level of additional secretary/joint director well -versed with these systems.
