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The govt order, issued by the disaster management department, clarifies that funds will be withdrawn strictly based on requirement and in accordance with financial rules, with no provision for unnecessary parking of money in bank accounts.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.
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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
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