From upcoming financial year onwards, all schemes’ funds must flow via single nodal agency: FM Sitharaman

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Finance Minister Nirmala Sitharaman has instructed the Department of Expenditure to route all funding for schemes through a single nodal agency from the next fiscal year. She emphasized the role of the CGA to support states in adopting this system, which has already saved over Rs 11,000 crore since 2021-22.

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