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Odisha Leads SNA Model

Bhubaneswar: Vishal Dev, Principal Secretary Finance is happy as Odisha turned out as a sole presenter on Single Nodal Agency among the States and it was appreciated by the Union Government.

Odisha is an early bird on adoption of SNA and has taken lead among the States for effective implementation of the Model.

As a part of the Azadi ka Amrit Mahotsav celebrations, Union Minister for Finance & Corporate Affairs Nirmala Sitharaman has launched the Single Nodal Agency (SNA) Dashboard of Public Financial Management System (PFMS) in New Delhi on 7 June, 2022.

The Dashboard displays various States’ public finances in the public domain.

During the event, senior officials from the Department of Finance, Government of Odisha made a presentation on implementation of SNA model in Odisha.

Odisha was invited by the Ministry of Finance, Government of India as the sole presenter amongst States at the event, being an early adopter of SNA Model.

This is recognition of prudent fiscal governance, budgeting of the State as well as Odisha’s pioneering and exemplary success in implementing the new SNA Model in the State, officials said on Thursday.

This is also an acknowledgement of Odisha’s leading role in the field of broader Public Finance Management (PFM) reforms, they said.   

The new SNA model for release of funds under Centrally Sponsored Schemes (CSS) and their monitoring were brought by the Government of India in March, 2021.

The model envisages just-in-time release of funds to the States and to down level agencies thereafter, greater efficiency in CSS fund utilization, tracking of funds; leading to better Cash Management of the Government.

Odisha being an early adopter of PFMS with robust Integrated Financial Management System and sound fiscal position had a cutting edge over peers in implementing SNA model.

Besides, continuous monitoring, clear strategy and timely resolution of implementation challenges with active support from PFMS Central and State Team played a crucial role in complete on-boarding of all the State linked schemes by due date, informed the officials.

The untiring efforts made by the State in implementation of SNA Model and in other fields of reform in financial management are being appreciated at the highest level nationally.

The Finance Secretary, Government of India, Dr. TV Somanathan, the Controller General of Accounts, Sonali Singh and Additional CGA PFMS Division, Dharitri Panda, also graced the occasion along with other dignitaries.