G.O. (Ms) No. 85, Tamil Nadu Innovation Initiatives, State Innovation Fund, Release of Funds for 2015-2016
The Planning, Development and Special Initiatives (SP.1) Department issued Government Order (Ms) No. 85 on 19 October 2015, sanctioning Rs.150 crores for the State Innovation Fund for 2015-2016. It authorises the transfer and accounting of government funds for innovative schemes, and does not create or change any land ownership, registration, revenue record or planning requirement.
What the document does
Government Order (Ms) No. 85 of the Planning, Development and Special Initiatives (SP.1) Department, dated 19 October 2015, sanctions Rs.150 crores to the State Innovation Fund for 2015-2016. The State Innovation Fund had been established in the State Planning Commission to encourage innovation in government agencies.
The sanctioned amount corresponds to the provision made in the Budget Estimate for 2015-2016. The document authorises its transfer into the State Innovation Fund Account and identifies the government accounting heads to be used.
Background to the fund
The State Innovation Fund was created by restructuring the existing Part II Schemes from the financial year 2015-2016. Earlier government orders had established the fund, issued guidelines for identifying and implementing innovative schemes, and prescribed the accounting procedure for transactions under the fund.
Key features recorded in Government Order (Ms) No. 85 are:
- The fund had an initial corpus of Rs.150 crores, matching the allocation for Part II Schemes.
- It operates as a separate, non-lapsable fund within the Public Account.
- Any unutilised balance is carried forward to the next financial year.
- Carried-forward funds remain available for sanctioning innovative schemes in a later year.
- Rs.150 crores is sanctioned to the fund for 2015-2016.
Administration and accounting
Government Order (Ms) No. 85 permits the Member-Secretary of the State Planning Commission to prepare an adjustment bill and present it to the Pay and Accounts Officer (East), Chennai, for crediting the sanctioned amount to the State Innovation Fund Account. The order also records the concurrence of the Finance Department.
Relevance to land and property
Government Order (Ms) No. 85 is a government finance and fund-transfer document. It contains no provisions concerning land classification, patta, title, registration, survey records, acquisition, land use conversion, planning permission or property-related charges. A property buyer, owner or land professional would not need to take any land-related action based on this document.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does Government Order (Ms) No. 85 affect my patta or land title?
No. The document only sanctions and accounts for money transferred to the State Innovation Fund. It contains no provisions changing patta, title or other land records.
How much money was sanctioned to the State Innovation Fund?
The Planning, Development and Special Initiatives (SP.1) Department sanctioned Rs.150 crores for 2015-2016.
What happens to money left unused in the State Innovation Fund?
The fund is non-lapsable. Any unutilised balance is carried into the next financial year and remains available for sanctioning innovative schemes.
Who was authorised to arrange the transfer into the fund account?
The Member-Secretary of the State Planning Commission was permitted to prepare an adjustment bill and present it to the Pay and Accounts Officer (East), Chennai.
