THIRUVANANTHAPURAM:The State Government has published operational guidelines for the electronic ledger account monitoring system (eLAMS) that saved it from a huge financial crisis at the beginning of the current fiscal.
The eLAMS was launched during March-end to prevent hasty and imprudent expenditure by government departments and agencies at the end of the financial year.
The first-ever initiative helped departments post the unallocated funds at the fiscal-end in the electronic fund and to spend it within the next six months. It also saved the treasury from cash drain and subsequent closure.
According to the guidelines, the Administrative Department concerned should designate a Nodal Officer for coordinating the electronic fund transfer. A competent authority in the department can approve the release order using the user-ID and login provided.
The Administrative Department need not send any physical file to the Finance Department and the submission and order to release funds would be made through the eLAMS only.
The facility to generate release order through eLAMS would be deactivated on September 30.
Sources in the Finance Department said the success of eLAMS could be determined only if the various departments and LSGs utilise the fund allocation properly. The spending by departments and LSGs at the end of the fiscal was 29.7 percent and 43 percent respectively.