Chief Minister Yogi Adityanath has expedited the financial approval process of projects in the state. Emphasis has been laid on making it simple and transparent. He said that the limit of approval from the departmental ministerial level, which is currently Rs 10 crore, has been increased to Rs 50 crore. Projects costing Rs 50 to Rs 150 crore should be approved at the Finance Minister level and projects costing more than Rs 150 crore should be approved at the Chief Minister level. With this, projects will be able to get financial approval on time. With this the work will also progress faster.

The Chief Minister has given instructions to all the departments to get their annual action plans approved by April 15 every year. The list of departments not following the deadline is going to be sent to the CM office. He clarified that if the cost of the project increases by more than 15%, the department should seek re-approval along with the reasons.

Finance department reviewed

Chief Minister Yogi Adityanath was going to conduct a detailed review of the Finance Department on Friday. He specifically discussed the fiscal position of the state, budget management, capital expenditure, arrangement for construction works, lump sum provision, digital financial reforms, treasury processes, pension system and departmental innovations. CM said that Uttar Pradesh has to be established as an ideal state of strong, transparent and result oriented financial management. For this, all departments will have to give top priority to timeliness, quality, transparency and digital processes. He directed that the State Guarantee Policy will be implemented in Uttar Pradesh on the lines of the Central Government.

demonstrate strength of financial discipline

The Chief Minister directed that it should be ensured that the monthly honorarium of low-salaried workers like Asha sisters and Anganwadi workers is received on the right date. This should reach their bank accounts. The state should release the honorarium from its own account on time. In this way no employee is delayed. This system should be implemented soon. It was informed in the meeting that Uttar Pradesh’s capital expenditure of Rs 1,10,555 crore in the year 2023-24 is the highest in the country. The state spent more money on capital works than the net public debt it took. This shows the strength of financial discipline.