Consider the following statements regarding MGNREGA fund transfer from centre to states As per the g...........

Rajasthan Polity and Governance

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Consider the following statements regarding MGNREGA fund transfer from centre to states:

As per the guidelines, the first tranche is released in the first half of April after adjusting unspent balance available with the states.
The release of second tranche is subject to fulfilment of prescribed conditions by the state governments.

Which of the above statements is/are correct?

1 only

2 only

Both

None

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Explanation:

The fund release under MGNREGA is based on the provisions of the Mahatma Gandhi National Rural Employment Guarantee Act and guidelines.

As per the guidelines, the first instalment of the first tranche is released in the first half of April after adjusting unspent balance available with the states and considering the pending liabilities, if any.

The second tranche is released on submission of proposal in the prescribed format by the state and subject to fulfilment of all the prescribed conditions.

The funds for second tranche on and after October 1 can only be released after receipt of audited utilisation certificate and audit report of previous financial year.