Finance Department Imposes Restrictions on Over 70 Government Schemes: Approval Now Required for Funding

Key Highlights

• Finance Department approval is now required for over 70+ government schemes.
• Restrictions are in place until March 2025.
• Affects key schemes like the Ladli Behna Yojana and Pilgrimage Scheme.
• Aim to control state spending and avoid budget strain.
• Madhya Pradesh ranked top in public welfare schemes implementation.

The Finance Department has placed new restrictions on over 70 government schemes in Madhya Pradesh, requiring approval before funds can be released. This move is aimed at controlling excessive spending, ensuring better financial management, and preventing any strain on the state’s budget.

Also Read: Ladki Bahin Yojana Diwali Bonus 2024: Rs 3,000 for Women

Schemes Affected by the New Rule

Many central and state-run welfare schemes for farmers, women, and the general public will now need approval from the Finance Department before the money can be spent. Some of these include:

• Ladli Behna Yojana
• Pilgrimage Scheme (for free pilgrimages)
• Chief Minister Krishak Crop Procurement Assistance Scheme
• Prime Minister Crop Insurance Scheme
• Balika Scooty Yojana
• Sambal Yojana
• CM Solar Pump Scheme

The restrictions are set to remain in effect until March 2025, meaning funds for these programs will only be released after the Finance Department’s approval to ensure the state’s financial health remains intact.

Reasons Behind the Restrictions

The Madhya Pradesh government has been facing economic challenges, especially after launching several large schemes ahead of the assembly elections. The Finance Department is now concerned about the substantial spending on these initiatives and aims to curb wasteful expenditure. To keep the state’s budget on track, the finance department has decided that no money can be spent on these schemes without prior approval.

Also Read: PM-KISAN: Financial Support, Eligibility, e-KYC & Application Process

Impact on Public Welfare Schemes

These restrictions affect many welfare schemes that are important for the public. For instance, road repair programs, urban development schemes, farmer bonuses, and higher education assistance for students studying abroad will all require financial department clearance before funds are allocated to them. This means that while the schemes are not canceled, the spending will be closely monitored.

State’s Performance in Welfare Schemes

Despite the current financial situation, Madhya Pradesh has been performing exceptionally well in implementing public welfare schemes. The state is ranked number one in the country for providing benefits to eligible beneficiaries. Programs like the Pradhan Mantri Awas Yojana (Urban and Rural), PM Swa-Nidhi Yojana, and Jal Jeevan Mission have seen significant progress in the state. For example:

• Under the Pradhan Mantri Awas Yojana (Gramin), the state has completed 36.25 lakh houses, achieving 95.43% of its target.
• The Jal Jeevan Mission has provided tap water connections to 72.89 lakh homes, reaching 87.53% of the target.

Also Read: Pradhan Mantri Awas Yojana: Key Rules, Subsidy Details, and Housing Targets

CMV360 Says

The Finance Department’s decision to impose financial restrictions is aimed at ensuring careful use of the state’s resources while continuing to run important welfare schemes. However, with tighter control over spending, the government hopes to maintain the state’s financial stability through 2025 while still serving the public’s needs.

This move will ensure that funds are being spent wisely, and the state can also keep on delivering welfare benefits without overburdening its budget.