Question
Download Solution PDFGrant-in-aid to Panchayats is from ________.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFKey Points
- Grants-in-aid to Panchayats are provided from the State Accumulated Fund.
- The State Accumulated Fund consists of all revenues received by the state government and all loans raised by the government by issue of treasury bills, loans or ways and means advances.
- This fund also includes all money received by the state government in repayment of loans.
- These grants are intended to supplement the resources of Panchayats for the implementation of schemes for economic development and social justice as per the state list.
Additional Information
- Public Accounts of India:
- This is the account where all public money, other than those credited to the Consolidated Fund of India, is held.
- It includes provident fund deposits, judicial deposits, savings bank deposits, departmental deposits, and remittances.
- Miscellaneous Fund of India:
- This is not a standard term used in financial governance in India.
- It seems to be a distractor in the context of this question.
- Estimates Committee:
- This committee is constituted by the Parliament of India for examining the estimates included in the budget and suggesting economies in public expenditure.
- It does not provide grants-in-aid to Panchayats.
Last updated on May 26, 2025
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