Management of Government Grants
Management of Government Funds
Background
The Government allocate and release funds for running various schemes for welfare of poor, for development of society, during calamities in disasters such as flood relief, earthquake, drought development in the states having turmoil due to problem of terrorism. However rarely it has happened that the money being pumped in has gone to right hand and used for the right purpose due to weak governance, corruption and nexus between political-Govt officials-implementers. As per assessment of the CAG and other governing bodies, the implementation of these schemes has many loopholes where the executives and operatives take the benefit and these schemes or the development programmes have not yielded optimum results because significant portion of the funds are siphoned off.
There is need to find the management solution to this problem with a view to ensure effective management of funds released for any such scheme or programme are utilised effectively.
Proposal
To have an operational model for effective management of funds allocated and released for any welfare scheme or development programme.
Detailed Analysis of Problem
The Governments allocate and release funds for running various schemes for welfare of poor, for development of society, during calamities in disasters such as flood relief, earthquake, drought, development in the states having turmoil due to problem of terrorism. Even the International agencies or the developed nations release funds as aid or loan to various Nations, States or NGOs for the purposes similar in nature.
However rarely it has happened that the money being pumped in has gone to right hand and used for the right purpose due to weak governance, corruption and nexus between political-Govt officials-implementers. As per assessment of the CAG and other governing bodies, the implementation of these schemes has many loopholes where the executives and operatives take the
Background
The Government allocate and release funds for running various schemes for welfare of poor, for development of society, during calamities in disasters such as flood relief, earthquake, drought development in the states having turmoil due to problem of terrorism. However rarely it has happened that the money being pumped in has gone to right hand and used for the right purpose due to weak governance, corruption and nexus between political-Govt officials-implementers. As per assessment of the CAG and other governing bodies, the implementation of these schemes has many loopholes where the executives and operatives take the benefit and these schemes or the development programmes have not yielded optimum results because significant portion of the funds are siphoned off.
There is need to find the management solution to this problem with a view to ensure effective management of funds released for any such scheme or programme are utilised effectively.
Proposal
To have an operational model for effective management of funds allocated and released for any welfare scheme or development programme.
Detailed Analysis of Problem
The Governments allocate and release funds for running various schemes for welfare of poor, for development of society, during calamities in disasters such as flood relief, earthquake, drought, development in the states having turmoil due to problem of terrorism. Even the International agencies or the developed nations release funds as aid or loan to various Nations, States or NGOs for the purposes similar in nature.
However rarely it has happened that the money being pumped in has gone to right hand and used for the right purpose due to weak governance, corruption and nexus between political-Govt officials-implementers. As per assessment of the CAG and other governing bodies, the implementation of these schemes has many loopholes where the executives and operatives take the
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