Thiru L. Nirmal. I.A.
S O/o the Industries Commissioner and
Industries Commissioner and Director of Director of Industries and Commerce,
Industries and Commerce Guindy, Chennai – 32
RC.No. /ADB/2024, dated: 04.2024
Sub: Loans and Advances – Reconciliation with Accountant
General (A&E) under the F Loans and Advances –
Instructions issued - Regarding.
Ref: 1. G.O.Ms.No.129, Finance (L&A Cell) Department,
dated 21.03.2000
2. Govt. letter No.705/ Finance (L&A Cell) Department,
dated 25.03.2024.
~**~
In the reference 1st cited, it has been informed that the following instructions have
been issued with regards to monitoring of Loans and Advances sanctioned by
Government.
i) All Heads of Departments shall be responsible for monitoring the
recoveries of the loans and shall furnish periodical reports to the
Government.
ii) The Heads of Departments shall also raise demand on the
beneficiaries and recover the loan installments on the due dates.
2. The Tamil Nadu Financial Code Volume – I, in Chapter X – Loans and
Advances, from Articles 219 to 225, lay down the procedure to be followed regarding
sanction of Loans and Advances till their final recovery. The Manual of Loans and
Advances also contains the types of heads of Department and the authority responsible
for Disbursal / Collection / Monitoring of collection, reconciliation of disbursals and
recoveries.
3. As per the above mentioned Code and Manual, the primary responsibility of
monitoring and recovery of Loans and Ways and Means Advances sanctioned to the
various Loanee Institutions by the Government solely rests with the Head of the
Department / Administrative Department that draws and disburses the Loans / Ways
and Means Advances.
4. Hence, I request you to depute a suitable official to the Accountant General’s
office (i) to check the correctness of figures and heads of account, (ii) to send necessary
Alternation Memorandum / Transfer Entry proposal to the Accountant General’s Office,
if need be, and (iii) to check the transactions of Receipts and payments recorded in
Accountant General Office for the Financial year 2023-2024 on or before 12 th April
2024.
Your’s Sincerely
To
Thiru
RC.No………./ADB/2024
Note File:
Sub: Loans and Advances – Reconciliation with Accountant
General (A&E) under the F Loans and Advances –
Regarding.
Ref: 1. G.O.Ms.No.129, Finance (L&A Cell) Department,
dated 21.03.2000
2. Govt. letter No.705/ Finance (L&A Cell) Department,
dated 25.03.2024.
~**~
The above reference may kindly be perused.
In the reference 1st cited, it has been informed that the following instructions have
been issued with regard to monitoring of Loans and Advances sanctioned by
Government.
i) All Heads of Departments shall be responsible for monitoring the
recoveries of the loans and shall furnish periodical reports to the
Government.
ii) The Heads of Departments shall also raise demand on the
beneficiaries and recover the loan installments on the due dates.
2. The Tamil Nadu Financial Code Volume – I, in Chapter X – Loans and
Advances, from Articles 219 to 225, lay down the procedure to be followed regarding
sanction of Loans and Advances till their final recovery. The Manual of Loans and
Advances also contains the types of heads of Department and the authority responsible
for Disbursal / Collection / Monitoring of collection, reconciliation of disbursals and
recoveries.
3. As per the above mentioned Code and Manual, the primary responsibility of
monitoring and recovery of Loans and Ways and Means Advances sanctioned to the
various Loanee Institutions by the Government solely rests with the Head of the
Department / Administrative Department that draws and disburses the Loans / Ways
and Means Advances.
4. Hence, It has been requested to direct loanee entities under this office
administrative control and to depute a suitable official to the Accountant General’s office
(i) to check the correctness of figures and heads of account, (ii) to send necessary
Alternation Memorandum / Transfer Entry proposal to the Accountant General’s Office,
if need be, and (iii) to check the transactions of Receipts and payments recorded in
Accountant General Office for the Financial year 2023-2024 on or before 12 th April
2024.
As per the instructions issued by IC&DIC at R C page No.1, we may send D.O
letter to all loanee entities and U O Note to L Section of this Dept.
Accordingly, a draft D.O letter to all loanee entities and U O Note to L Section,
PDB Section and Joint Director (Coir) of this Dept. is placed below for approval.
A . O (Budget) / C. A. O
R.C. No…….. /ADA /2024. O/o the Industries Commissioner and Director of
Industries and Commerce,
Guindy, Chennai – 32
Dated: 04.2024.
U O Note to Joint Director (Coir), L Section, PDB Section,
Central Office.
Sir,
Sub: Loans and Advances – Reconciliation with Accountant
General (A&E) under the F Loans and Advances –
Instructions issued - Regarding.
Ref: 1. G.O.Ms.No.129, Finance (L&A Cell) Department,
dated 21.03.2000
2. Govt. letter No.705/ Finance (L&A Cell) Department,
dated 25.03.2024.
~**~
In the reference 1st cited, it has been informed that the following instructions have
been issued with regards to monitoring of Loans and Advances sanctioned by
Government.
i) All Heads of Departments shall be responsible for monitoring the
recoveries of the loans and shall furnish periodical reports to the
Government.
ii) The Heads of Departments shall also raise demand on the
beneficiaries and recover the loan installments on the due dates.
2. The Tamil Nadu Financial Code Volume – I, in Chapter X – Loans and
Advances, from Articles 219 to 225, lay down the procedure to be followed regarding
sanction of Loans and Advances till their final recovery. The Manual of Loans and
Advances also contains the types of heads of Department and the authority responsible
for Disbursal / Collection / Monitoring of collection, reconciliation of disbursals and
recoveries.
3. As per the above mentioned Code and Manual, the primary responsibility of
monitoring and recovery of Loans and Ways and Means Advances sanctioned to the
various Loanee Institutions by the Government solely rests with the Head of the
Department / Administrative Department that draws and disburses the Loans / Ways
and Means Advances.
4. Hence, it is requested to depute a suitable official to the Accountant General’s
office (i) to check the correctness of figures and heads of account, (ii) to send necessary
Alternation Memorandum / Transfer Entry proposal to the Accountant General’s Office,
if need be, and (iii) to check the transactions of Receipts and payments recorded in
Accountant General Office for the Financial year 2023-2024 on or before 12 th April 2024
in consultation with this section.
This may be treated as “Most Urgent”.
Industries Commissioner and
Director of Industries and Commerce
