From November 1, funds for all central schemes to come via 'Sparsh'

  • Posted on July 2, 2025
  • By Business News Today
  • 1 Views
From November 1, funds for all central schemes to come via 'Sparsh'

The Finance Ministry mandates all departments and states to adopt the 'Sparsh' SNA system for Centrally Sponsored Schemes by October 31st. This initiative aims to streamline fund flow, enhance transparency, and optimize fund utilization, with all CSS funds released solely through this system from November 1st. The move follows a review emphasizing accountability and transparency in fund usage.
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