Administrative Setup for Finance Management

The Finance function in the PCU will be led a by the Chief Financial Controller who is on deputation from the State Finance Department. He will be responsible for overall coordination, monitoring and control of the financial matters of the MACP. He will be assisted by a team of four people – a Finance Specialist who is a qualified CA who will oversee the audit arrangements, an Accounts Officer, an accountant and a Cashier. A computer literate accounts graduate (Accountant with computer knowledge) with at least three years experience of maintaining accounts will be hired in all the Accounting Centers except MSWC, NIPHT, HPTI, Dist. Dy. Commissioner (AHD).

There is a Drawing & Disbursing Officer (DDO) in each of the Head Office - the Dept. of Co- operation & Marketing, Dept. of Agriculture, and Dept. of Animal Husbandry.  Besides these, there are designated officers from the Regional Offices of various line departments, and, the district Offices of DDR carry out functions of the DDO. A customized training module for project financial management will be developed and training imparted to all DDOs /HODs before implementation begins. Similar training for accountants hired from the market should be completed within 3 months after effectiveness. This training activity will be undertaken by the Finance Team of PCU, MACP.

The financial management training will be conducted by the Finance Team in PCU & PIU to all the concerned officers, accountants and staff in implementation in respect of keeping of accounts, preparation of IUFR, submission of claims to World Bank and all other financial matters.


 
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The Finance function in the PCU will be led a by the Chief Financial Controller who is on deputation from the State Finance Department. He will be responsible for overall coordination, monitoring and control of the financial matters of the MACP. He will be assisted by a team of four people – a Finance Specialist who is a qualified CA who will oversee the audit arrangements, an Accounts Officer, an accountant and a Cashier. A computer literate accounts graduate (Accountant with computer knowledge) with at least three years experience of maintaining accounts will be hired in all the Accounting Centers except MSWC, NIPHT, HPTI, Dist. Dy. Commissioner (AHD).

There is a Drawing & Disbursing Officer (DDO) in each of the Head Office - the Dept. of Co- operation & Marketing, Dept. of Agriculture, and Dept. of Animal Husbandry.  Besides these, there are designated officers from the Regional Offices of various line departments, and, the district Offices of DDR carry out functions of the DDO. A customized training module for project financial management will be developed and training imparted to all DDOs /HODs before implementation begins. Similar training for accountants hired from the market should be completed within 3 months after effectiveness. This training activity will be undertaken by the Finance Team of PCU, MACP.

The financial management training will be conducted by the Finance Team in PCU & PIU to all the concerned officers, accountants and staff in implementation in respect of keeping of accounts, preparation of IUFR, submission of claims to World Bank and all other financial matters.


 
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