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Economy
Mahesh

07/06/22 08:31 AM IST

Single Nodal Agency (SNA) Dashboard

In News 
  • Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to launch of Single Nodal Agency (SNA) Dashboard during the Iconic Week Celebrations of  Azadi Ka Amrit Mahotsav celebrations of Ministry of Finance, in New Delhi.
About the Dashboard
  • The SNA Dashboard forms part of a major public financial management reform that was initiated in 2021 with regards to the manner in which funds for Centrally Sponsored Schemes (CSS) are released, disbursed and monitored.
  • This revised procedure, now referred to as the SNA model, requires each State to identify and designate a SNA for every scheme.
  • All funds for that State in a particular scheme will be credited in this bank account, and all expenses will be made by all other Implementing Agencies involved from this account.
  • The SNA model, therefore, ensures that allocation of funds to States for the CSS are made in a timely manner and after meeting various stipulations.
  • The Dashboard depicts releases made to different States by Ministries, further releases made by State Treasuries to the SNA accounts, expenditure reported by the agencies, interest paid by banks to SNA accounts etc. in intelligible, informative and visually appealing graphics.
  • The programme will also have presentations on ‘Best Practices in Cash Management through SNA and Treasury Single Account (TSA)’.
Source- PIB 

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