Encounter News Punjabi

After Gaining Incentive Of Rs 450 Crore In FY 24-25, Punjab Aims For Rs 350 Crore Under SASCI 2025-26 Says Harpal Singh Cheema

WhatsApp Channel Join Now

Chandigarh: The Directorate of Treasury and Accounts (DTA), Punjab, has unveiled a suite of major digital transformation initiatives aimed at modernising financial administration, boosting transparency, and enhancing efficiency across all government departments. These reforms, spanning accounting, audit, fund management, and citizen services, mark a significant step towards fully digital governance in Punjab.

Stating this in a press communique issued here, Punjab Finance Minister Advocate Harpal Singh Cheema said that the Directorate has successfully developed the SNA-SPARSH, a new fund flow mechanism for centrally sponsored schemes, and has availed an incentive of Rs. 450 Crore in FY 24-25. He said that this integrated framework connects the Public Financial Management System (PFMS), state IFMS, and RBI’s E-kuber system, aiming to increase cash liquidity in the treasury and reduce unutilized funds parked in bank accounts.

“A separate SNA SPARSH treasury has been created to facilitate this mechanism, and the state is now aiming for an incentive of Rs. 350 Crore under Scheme for Special Assistance to States for Capital Investment for the fiscal year 2025-26 (SASCI 2025-26)”, he added.

Highlighting another key initiative, the Finance Minister said that the Pensioner Sewa Portal (PSP) has been developed in consultation with Punjab Development Commission (PDC) to create a centralised database of all pensioners and facilitate online pension case processing between banks and the treasury. He said that this portal enables activities like sending e-PPO from treasury to banks and provides pensioners with real-time tracking of pension updates, grievance handling, life certificate integrations, and the ability to submit updation requests.

Discussing the new Audit Management System (AMS), the Finance Minister Harpal Singh Cheema said that AMS grants all stakeholders real-time access to audit reports and facilitates enhanced oversight, with regular review meetings at the Administrative Secretary level for timely resolution of audit paras. “The DTA also plans to include the Accountant General’s audit reports in its future roadmap”, said Cheema.

“The new initiatives also include the Non-Treasury Module, a non-treasury accounting system developed in coordination with the Accountant General (AG) office to streamline the accounting for deposit works by the Forest and Works departments. This system automates the submission of monthly accounts by all divisions in these departments”, said the Finance Minister.

Adding further, the Finance Minister said that the Punjab Government has also commenced the use of e-vouchers for all bills across Punjab, a measure expected to significantly reduce costs related to stationery, travelling, and the handling of physical vouchers submitted to the AG Punjab. He said that the necessary hardware for storing these e-vouchers has been procured and installed at the AG premises.

Hailing the new systems, Finance Minister Harpal Singh Cheema said that, from automating departmental accounts and ensuring efficient central fund flow through SNA-SPARSH to digitising the entire audit and pension processes, these initiatives will deliver significant savings, increase accountability, and, most importantly, improve service delivery to our employees and citizens.

“With the introduction of these comprehensive digital systems, we are not just upgrading software; we are fundamentally reforming our financial architecture to ensure every rupee is accounted for and utilised effectively”

All news on Encounter News is computer-generated and sourced from third parties. Please read and verify carefully. We will not be responsible for any issues. 

Encounter News
Encounter News
Encounter Media Group

Latest Articles

Chandigarh Braces for Icy Spell as Temperatures Dip Across Punjab and Haryana

Chandigarh: Cold weather continued to tighten its grip over Chandigarh, Punjab...

IMD Issues Weather Advisory: Dense Fog, Severe Cold Wave Grip Delhi-NCR, Punjab, Haryana, UP

Delhi: North India continues to face harsh winter conditions as dense...

Farmers’ Body to Reopen Dialogue With Supreme Court Panel in Chandigarh After Long Hiatus

Chandigarh: After nearly a year-long pause, communication between protesting farmers and the...

Wintry chill sets in as fog grips Tricity, daytime temperatures slide

Chandigarh: The Chandigarh–Mohali–Panchkula (Tricity) region felt a sudden wintery turn on...

New Year Begins with Light Showers Across Tricity, Cold Tightens Grip

Chandigarh: Chandigarh, Panchkula and Mohali welcomed 2026 under overcast skies as...

Chandigarh Tightens Security Ahead of New Year Celebrations, Traffic Curbs Announced

Chandigarh: With New Year’s Eve festivities approaching, Chandigarh Police has stepped up...

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here