No New Schemes To Be Initiated In 2020-21: Ministry Of Finance

The Ministry of Finance on Friday said that no new schemes should be initiated except the proposals announced under special packages.

akshita

June 5, 2020

Coronavirus

National

1 min

zeenews

On Friday, the Ministry of Finance said that there will be no new schemes that should be initiated this year (2020-2021) except those to be announced under special packages as the order comes amid the coronavirus crisis in the country.

An official release by the ministry said, “No New Scheme/Sub Scheme, whether under delegate power to administrative ministry including SFC proposals or through EFC should be initiated this year (2020-2021) except the proposal announced under Pradhan Mantri Gareeb Kalyan Package, Aatma Nirbhar Bharat Abhiyan Package and any other special package announced.”

The ministry has also stated that the new order is applicable for those schemes as well for which in-principle approval has already been given by the Department of Expenditure.

“In principle approval for such schemes will not be given in this financial year. The initiation of new schemes already appraised/approved will remain suspended for one year till March 31, 2021, or till further orders whichever is earlier,” the official release said.

Catch other news updates exclusively on ZEE5!

Related Topics

Related News

More Loader