Who maintains the accounts in Convergence projects?

1.	Who maintains the accounts in Convergence projects?
Answer» i. Works for which funds are not pooled, both the schemes will maintain separate accounts for the project and will have separate project IDs. ii. In respect of the project, in which funds are dovetailed from other schemes to meet the cost of an identifiable part of the project, a complete project proposal including all project activities and budget should be prepared. iii. For the MGNREGA component of the project, a break-up of wage material component should be provided. iv. To avoid duplication in reporting, MGNREGA and other schemes should use the same cost sheet and project ID for their project approval and reporting.

Answer»

i. Works for which funds are not pooled, both the schemes will maintain separate accounts for the project and will have separate project IDs.

ii. In respect of the project, in which funds are dovetailed from other schemes to meet the cost of an identifiable part of the project, a complete project proposal including all project activities and budget should be prepared.

iii. For the MGNREGA component of the project, a break-up of wage material component should be provided.

iv. To avoid duplication in reporting, MGNREGA and other schemes should use the same cost sheet and project ID for their project approval and reporting.

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