PunjabAllocation of NSB Funds for Schools for 3rd Quarter FY 2021-22 |...

Allocation of NSB Funds for Schools for 3rd Quarter FY 2021-22 | SED Punjab

A Notification has been issued on 10 May 2022 in connection with Allocation of NSB Funds for 3rd Quarter FY  2021-22 by SED Punjab.Further detail of said notification in same is as under;

Notification of Allocation of NSB Funds for Schools for 3rd Quarter FY  2021-22

Please refer to the subject cited above.

Finance Department vide its letter No. SO (S) 8-16/2020 (Vol-H) dated 06th May 2022 has sanctioned to place NSB funds amounting to Rs. 3.5555 billion for 3rd quarter of FY 2021-22 in the Assan Assignment Account (LC) of Chief Executive Officer, District Education Authority (DEA) in all 36 districts of Punjab for further disbursement to primary, elementary, high and higher secondary schools. List of School-Specific NSB entitlements for Primary, Elementary, High and Higher Secondary schools in your respective districts has already been emailed.

Detail

For further allocation and transfer of funds by districts to schools and execution of NSB funds by schools following guidelines are issued

  • District Education Authorities are being provided with the school-specific need based NSB funds over and above their PFC share, as a conditional grant, which cannot be used for any other purpose.
  • The CEOs of DEAs are required to transfer the NSB funds immediately to the respective bank accounts of school councils as per their entitlements.
  • Chief Executive Officers, District Education Authorities are required to ensure that every School Council already has exclusive bank account for NSB funds. Head teacher and Co-chairperson of the school council will be the co-signatories of the NSB bank account. The school council NSB account can only be opened in the name of school.
  • District Education Authorities are requested to notify the entitlement list of Primary/Elementary/High/Higher Secondary schools as an Annexure of their respective district budget for FY 2021-22.
  • All NSB funds provided to schools shall be subject to audit by Auditor General of Pakistan.

4. NSB program is an important initiative of the Government of Punjab, CEOs (DEAs) are requested to immediately disburse NSB funds to respective schools and certificate of transfer of NSB funds should be submitted to PMIU-PESRP within two weeks. CEOs (DEA) are also advised to direct concerned Dy. DEOs and AEOs to ensure effective and efficient monitoring and utilization of these funds.

Notification

Allocation of NSB Funds for Schools for 3rd Quarter FY 2021-22 | SED Punjab
Allocation of NSB Funds for Schools for 3rd Quarter FY 2021-22 | SED Punjab

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent Posts

Most Popular