Bank Account for remittance of funds WQMSP 31-08-2012

About Dataset

Bank Account for Remittance of Funds under Water Quality Monitoring and Surveillance 2012 is an official clarification issued by the Ministry of Drinking Water and Sanitation Government of India to provide uniform financial guidance for the management of funds released under the newly created Water Quality Monitoring and Surveillance component of the National Rural Drinking Water Programme. The circular was issued in response to requests from State Governments seeking clarification on whether a separate bank account should be opened for managing funds under the Water Quality Monitoring and Surveillance programme. The clarification refers to a communication received from the Government of Assam regarding the operation of a separate bank account for the Water Quality Monitoring and Surveillance component. After examining the matter the Ministry clarified that all funds released under this component should be maintained in the existing Support Fund Bank Account already prescribed under the National Rural Drinking Water Programme guidelines. The circular clearly states that there is no provision for opening or operating a separate bank account exclusively for the Water Quality Monitoring and Surveillance component. The document further directs all States that have already opened separate bank accounts for the Water Quality Monitoring and Surveillance programme to close those accounts. It instructs them to transfer the entire balance together with any accrued bank interest to the existing Support Fund Bank Account. States are also required to intimate the Ministry after transferring the funds and interest along with the necessary financial records and documentation so that appropriate administrative action can be taken. The circular aims to ensure uniform financial management and compliance with the National Rural Drinking Water Programme financial guidelines. By maintaining a single designated Support Fund Bank Account for programme funds the Ministry seeks to improve financial transparency simplify accounting procedures facilitate audit and monitoring and prevent fragmentation of financial resources. The clarification also supports better financial governance by ensuring that all programme expenditure is recorded through an approved and standardized financial management system. Although brief in nature the circular plays an important role in strengthening financial administration of the Water Quality Monitoring and Surveillance component. It provides clear operational instructions to State Governments regarding fund management bank account operation financial reporting and compliance with programme guidelines. The clarification contributes to efficient utilization of public funds while supporting effective implementation of drinking water quality monitoring activities under the National Rural Drinking Water Programme.