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GFR CH 9

The document outlines the General Financial Rules regarding Grants-in-Aid and Loans, detailing the purposes, approving authorities, and conditions for granting funds by the Government of India (GOI) to individuals, state governments, and institutions. It specifies requirements for autonomous organizations, including financial management responsibilities, peer reviews, and conditions for grant release, as well as stipulations for employment reservations for SC/ST/OBC in recipient institutions. Additionally, it addresses grants to voluntary organizations, including limitations on funding and bond execution requirements.

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71 views4 pages

GFR CH 9

The document outlines the General Financial Rules regarding Grants-in-Aid and Loans, detailing the purposes, approving authorities, and conditions for granting funds by the Government of India (GOI) to individuals, state governments, and institutions. It specifies requirements for autonomous organizations, including financial management responsibilities, peer reviews, and conditions for grant release, as well as stipulations for employment reservations for SC/ST/OBC in recipient institutions. Additionally, it addresses grants to voluntary organizations, including limitations on funding and bond execution requirements.

Uploaded by

7781uj
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Pc-8

General Financial Rules,2017


​ ​ ​Chapter 9: Grants-in-Aid & Loans

Grants-in-Aid

Money given by GOI to


● Individual
● State Govt
● Any institution(govt/non-govt)

​ Purpose Approving Authority

● For setting up a new Autonomous Cabinet


Org by any Min/dept

● New regional office/sub-office of an Concerned Min/Dept


existing Autonomous Org (after consultation with MoFin)

Setting up a corpus for an autonomous


body
a) If corpus is created out of MoFin
Budgetary allocation
b) If corpus is created out of internal Concerned Min/Dept
accruals of the body

● Autonomous Org with budgetary support of​ more than 5 crore per annum ​should
enter MoU with concerned Min/Dept
● User charges/sources of internal revenue generation of an autonomous Org
should be reviewed by governing body ​atleast once a year
● CEO​ -responsible for overall financial management
● Peer review whether external/internal shall be made ​every 3 or 5 years
depending on the size of the autonomous body
● Before releasing any grant to an autonomous org, it should be ensured that cash
balance is ​not more than 3 months requirement
● All interests & other earnings against Grant-in-Aid are to be remitted to CFI

● It is upto the ​sanctioning authority to decide​ whether the ownership of the


buildings constructed with grant may vest with the Govt or the Grantee Institution
● Irrespective of anything, the responsibility of R/M of the buildings constructed out
of Grant shall be of ​Grantee Institution

● Entities desiring Grant from GOI shall submit their requirement with supporting
details by the end of ​September​ preceding the year for which the Grant is sought

The sanctioning authority has to ensure that a clause is included in the T&C of the
Grant which provides for ​SC/ST/OBC reservation in posts​ in Grantee Institution where
a) recipient body employs 20+ people on a regular basis & 50% or more of its
recurring exp is met from Grant from GOI
b) body is a registered society or a cooperative institution & receives Rs 20 lakhs
and above of annual Grant from CFI

Grants to Voluntary Organisations


● Grant shall not exceed 25% of exp of org on Pay & Allowances of personnel
● Grant shall not be given to any private institution(other than voluntary org) to
meet its admin expenses
● Before grant is released, Grantee institution has to execute a bond in a
prescribed format(if failed to do so then penalty @ 10%)
● Cost of stamp duty for the bond borne by the Govt
● Execution of bond is not mandatory for Quasi Govt institution, Central
autonomous org and institutions whose budget is approved by GOI

GFR 21​- Register of Grants maintained by sanctioning authority

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