Monday, September 20, 2021

Nadu Nedu – Adjustment of surplus amount transfer to needy schools of NABARD



 Circular no: 1475662 /MBNN/2021 Date:19/09/2021 

Sub: Mana Badi Nadu Nedu – Adjustment of surplus amount available with Parents Committee transfer to needy schools of NABARD through Transfer Entry Order mechanism – regarding 

Ref: Circular No.1322231/MBNN/2021, Dt.05.02.2021 issued by the Director, School Education. 

Mana Badi Nadu Nedu, Phase-I is nearing completion and will be formally closed soon. 

It is noticed that still unspent money is available with certain Parent Committees of some schools. As the ongoing NABARD works are in need of funds, the DEOs & APCs are directed to take immediate action to transfer the unspent balances from those schools to Parent Committees/Contractors of NABARD Schools through TEO mechanism so that the progress of NABARD schools will be expedited. 

All the DEOs, APCs, EEs are requested to transfer the unspent balances through TEO (fund transfer) mechanism. The details of funds provided to the contractor through TEO shall be recorded in M book in Memo of payments. This transferred money shall be accounted within Administrative Sanction. 

Necessary provision shall be made available by M/S TCS enabling the transfer of funds and accounted for in STMS.

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