Releases will be made in 2 installments.
a) Release of 1st Installment (50%):
i.) For the states which have drawn the 2nd installment during the last financial year - Funds will be released after subsuming excess opening balance beyond 10% of the last year release.
Or
ii.) For the states which have not drawn the 2nd installment during the last financial year–Funds will be released after getting the request proposal along with requisite documents including UC, check list and after subsuming excess opening balance beyond 10% of the last year release.
iii.) While releasing this part of the fund, the excess amount over and above the prescribed limit (10% of the previous year release) will be deducted. However, balance of 1st installment will be released as and when States furnish the UC showing expenditure of at least 60% of available fund.
iv.) Carry over funds in the next financial year will be allowed to the 10% of the total amount released. If any amount for which sanction order has been issued in the month of March, the same will not be accounted for subsuming on account of excess Opening balance.
b) Release of 2nd Installment (50%): On the receipt of the request proposal from the States along with:
i.) Provisional UC for the current year for the amount equivalent to 60% of available balance (Central fund) and State matching share;
ii.) AG's report of the year preceding the previous year / ASA of previous year.
iii.) Final Central and State UC for the previous year.
In the eventuality of availability of this fund during the fag end of the financial year, the methodology and Proportioning procedure would be as per the direction of the competent authority.
Procedure for Release under NWQSM Purpose: For NWQSM:-
A separate guideline has been issued and releases will be made as per the same and following GFR provisions in this respect.