The portal will facilitate the transfer of funds as per needs of local bodies in a transparent manner by the Finance Department in coordination and consultation with Development and Panchayats Department, Department and Local Bodies concerned.
The State Government has constituted the Inter-District Council (IDC) to strengthen the local bodies in terms of their financial and functional Empowerment. In this direction Local Bodies Vikas Nidhi Portal was designed and developed on the principle of Purav Yojana Purn Yojana by the Finance Department in consultation with Departments concerned.
On the occasion, the Chief Minister was apprised that the portal will further strengthen the monitoring mechanism, timely utilisation of funds meant for development activities as well as committed expenditure of the local bodies. Further, as the portal is dynamic in nature, new features to facilitate the tracking of flow of funds to the end-user, overlapping of development activities, non-parking of funds in bank accounts by local bodies etc will be added in due course.