Interests From Banks Should Be Deposited In Treasury; Finance Department Issues Directives In MP

Bhopal (Madhya Pradesh): The interests, accrued from the money received from the state government for various projects and other work, should be deposited in the treasury. The finance department issued the directives to the corporations, boards, public enterprises and other organisations.

The finance department has also said the departments that will not deposit the amount will face a strong action because such cases will be treated as an irregularity.

According to the finance department, the beneficiaries or agencies should be paid as early as possible by withdrawing government money deposited in banks.

The government organisations, which get interests by keeping money in banks for a long time, should deposit it in the treasury.

In the directive, the finance department quoted examples from Road Development Corporation, Police Housing Corporation, and Housing Development Corporation.

As these organisations get funds from the government, they should return the interests. The finance department has also fixed time for it. The interests that the organisations received till March 31, 2025 should be sent to the treasury by September.

The order further said the process would continue. The interests, to be received next year, should be deposited by July 31.

Earlier, the finance department directed the officials to check the amount meant for the central projects and deposited in the accounts of nodal agencies and the accounts of others.

The finance department directed the organisations to deposit the additional amount in the treasury. But the departments did not follow the order. Now, the finance department, showing strictness, demanded the money.