Govt ensures multi-channel fund flow
The project, planned at Elstone Estate in Wayanad, is being developed as a post-disaster rehabilitation initiative using funds from the chief minister's distress relief fund (CMDRF), corporate donations, sponsorships, and central assistance schemes. A proposal for support from the National Disaster Response Fund (NDRF) is still pending with the Centre.
The govt order, issued by the disaster management department, clarifies that funds will be withdrawn strictly based on requirement and in accordance with financial rules, with no provision for unnecessary parking of money in bank accounts.
KIIFCON, the state's infrastructure consultancy, has been appointed as the project management consultant and employer representative, while the engineering and construction work has been assigned to Uralungal Labour Contract Cooperative Society (ULCCS).
CSR funds, currently exceeding Rs 5cr, are earmarked for housing, with each unit tagged at Rs 20 lakh for accounting purposes, though actual costs may vary.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
CUPRA Terramar Híbrido
CUPRA
Ver oferta
Undo
Separate accounts will be maintained for CSR transactions for compliance purposes. CMDRF will fund housing, land development and utility work not covered under SASCI. Existing sponsorships are also directed exclusively to housing construction. The sponsorship account is kept separate for receiving and debiting funds, with a view to maintain straightforward tracking of all related expenses.
Meanwhile, the state awaits approval from the ministry of home affairs for the release of funds from the NDRF based on the post-disaster needs assessment (PDNA) report.
Funding for components like housing and public infrastructure, if not already covered under SASCI, will be routed through either the state disaster management authority or directly to implementing departments, based on decisions by the state executive committee.
The govt has directed that fund withdrawal across all accounts must be strictly aligned with project needs, and any deviation from approved rules will not be allowed.
The framework, though complex, is intended to provide financial clarity and traceability in the implementation of the multi-crore township initiative.
INFO
Three dedicated accounts
To ensure clean accounting, 3 separate bank accounts have been designated
Sponsorships and CSR funds will be received in a dedicated account managed by KIIFCON
These funds are meant solely for housing and are to be spent directly from the same account
The project implementation account will be used to route CMDRF, CSR and other state and central govt funds and to meet general project expenses
A third account will handle funds under the special assistance for state capital investment (SASCI) scheme
This will be operated as a child account under the disaster management department's single nodal agency account in the public financial management system
Departments like PWD, KWA, irrigation and KSEB will operate similar child accounts to carry out specific infra works
The special officer appointed for the township will also operate a child account
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 days ago
- Time of India
Dhanbad mine 'collapse': NDRF, BCCL launch rescue operation
A joint team from the NDRF and the Bharat Coking Coal Ltd started a search operation to rescue miners allegedly trapped during illegal mining in an abandoned coal mine in Jharkhand's Dhanbad, officials said. The operation by a 35-member squad of the NDRF and a 15-member BCCL mines' rescue wing began around 11.30 am, after a futile attempt to search for the miners late on Thursday evening. Explore courses from Top Institutes in Please select course: Select a Course Category Leadership Project Management Artificial Intelligence Operations Management MBA Product Management Technology CXO healthcare Data Analytics Data Science PGDM Design Thinking Management Others Public Policy others Digital Marketing Finance Data Science Healthcare Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Meanwhile, confusion continues over the alleged mine collapse incident at the Block-2 closed underground mines of BCCL at Baghmara, with several leaders claiming muiltiple deaths in the incident. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Many Are Watching Tariffs - Few Are Watching What Nvidia Just Launched Seeking Alpha Read More Undo The NDRF was mobilised on Wednesday after Giridih MP C P Choudhary staged a dharna at Baghmara police station, demanding immediate rescue operations at the spot. "The MP has pointed out three spots as suspected sites of trapped persons. Search operation has started at one of the spots and other locations would come under its ambit soon," Baghmara police station officer in-charge Ajit Kumar said. Live Events The incident occured on July 22 evening, after roof of underground closed mines at Block 2 caved in, allegedly trapping several hired workers. An NDRF official said on the condition of anonymity that the speed of the search operation is slow in absence of required resources, including JCB machines. Jamshedpur West MLA and former Jharkhand minister Saryu Roy had on Thursday alleged a large-scale cover-up to conceal at least 15 deaths in the incident, calling it a case of "people being deliberately buried under fresh soil to destroy evidence". On Wednesday, Choudhary had claimed that at least nine workers lost their lives. Despite mounting allegations, officials from the Dhanbad district administration, BCCL and police claim that no signs of any such incident have been found so far. PTI
&w=3840&q=100)
Business Standard
5 days ago
- Business Standard
Centre released ₹9578.4 to 22 states this fiscal as share under SDRF: Govt
The government has released ₹9578.40 crore to 22 states in the current financial year till July 15 as central share under SDRF to support those affected by natural disasters, Lok Sabha was informed Tuesday. In a written reply, Minister of State for Home Affairs Nityanand Rai said the financial assistance under State Disaster Response Fund (SDRF)/ National Disaster Response Fund (NDRF) in the wake of natural disasters is by way of relief and not for compensation of loss as suffered and claimed. "An Inter-Ministerial Central Team (IMCT) has been constituted for Himachal Pradesh, without waiting for the memorandum, to visit the affected areas of the state for assessment of damages caused by the flash flood/floods, cloudburst and landslides," the minister said. He said according to the National Policy on Disaster Management (NPDM), the primary responsibility for disaster management, including disbursal of relief assistance on ground level, rests with the state governments concerned. "However, financial assistance to notified calamity, including landslides and floods, is provided from SDRF/ NDRF as per established procedure. The state government concerned is required to undertake necessary relief measures in the landslides affected areas out of the SDRF, already placed with the state government, as per government of India norms," Rai said. During the current financial year (as on 15th July, 2025), the Centre has released central share of ₹9578.40 crore to 22 states under SDRF, in order to support the affected people of the state, he said.
Time of India
5 days ago
- Time of India
Centre released Rs 9578.40 to 22 states this fiscal as share under SDRF: Govt
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The government has released Rs 9578.40 crore to 22 states in the current financial year till July 15 as central share under SDRF to support those affected by natural disasters , Lok Sabha was informed a written reply, Minister of State for Home Affairs Nityanand Rai said the financial assistance under State Disaster Response Fund (SDRF)/ National Disaster Response Fund ( NDRF ) in the wake of natural disasters is by way of relief and not for compensation of loss as suffered and claimed."An Inter-Ministerial Central Team (IMCT) has been constituted for Himachal Pradesh, without waiting for the memorandum, to visit the affected areas of the state for assessment of damages caused by the flash flood/floods, cloudburst and landslides," the minister said according to the National Policy on Disaster Management (NPDM), the primary responsibility for disaster management, including disbursal of relief assistance on ground level, rests with the state governments concerned."However, financial assistance to notified calamity, including landslides and floods, is provided from SDRF/ NDRF as per established procedure. The state government concerned is required to undertake necessary relief measures in the landslides affected areas out of the SDRF, already placed with the state government, as per government of India norms," Rai the current financial year (as on 15th July, 2025), the Centre has released central share of Rs 9578.40 crore to 22 states under SDRF, in order to support the affected people of the state, he said.
