Representational Image

Representational Image.|Photo Credit: REUTERS

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Schemes that are currently approved for the existing fiscal year will remain suspended till March 31 next year or further orders.

The Financing Ministry has actually asked all Ministries and departments not to start any brand-new plan in the existing financial year and said that there is a need to utilize resources prudently in the wake of the COVID-19 crisis.

However, funds for schemes under the Pradhan Mantri Garib Kalyan Bundle, the Aatmanirbhar Bharat Abhiyan package and any other unique package or announcement would be designated, according to a workplace memorandum by the Department of Expense, which comes under the Financing Ministry.

Also, schemes that are currently authorized for the current fiscal year will remain suspended till March 31 next year or further orders. This would also include those schemes for which in-principle approval has been given by the Department.

” It might be valued that in the wake of the COVID-19 pandemic, there is an unmatched need on public funds a