Rule 313 of The General Financial Rules 2017 Adjustment of Unpaid Loans from NonStatutory Grants
Original Rule Text
Visual Summary
Addresses loans due from local bodies to Government.
Allows adjustment from non-statutory grants.
Ensures recovery when payments are overdue.
Executive Summary
Rule 313 of the General Financial Rules, 2017, provides a mechanism for the Central Government to recover outstanding amounts or loans from local bodies. If a local body fails to pay an amount or loan by its due date, the Government is authorized to adjust this unpaid sum from any non-statutory grant that has been sanctioned for payment to that local body. This rule ensures financial discipline and provides a clear recourse for the Government in cases of default by local administrative entities.
In-Depth Analysis of the Rule
Rule 313 establishes a critical financial safeguard for the Government when dealing with local bodies. It addresses situations where financial obligations, specifically amounts or loans, are not met by local bodies on their stipulated due dates. This rule empowers the Government to take direct action to recover such outstanding dues, thereby maintaining financial integrity and accountability across different levels of administration.
Breakdown of the Rule:
- Condition for Adjustment: The primary condition for invoking this rule is the failure of a local body to pay an amount or loan to the Government by its due date. This implies that the obligation must be clearly established and the payment deadline must have passed.
- Source of Adjustment: The unpaid amount or loan can be adjusted from any