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Single Nodal Agency (SNA) Dashboard

Context: Union Minister for Finance and Corporate Affairs launched Single Nodal Agency (SNA) Dashboard on 7th June. 

Key Points: 

  • Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman launched of Single Nodal Agency (SNA) Dashboard on 7th June 2022, in New Delhi. 
  • In order to give the stakeholders of the SNA model the necessary feedback and monitoring tools in the operation of the schemes, Public Financial Management System (PFMS) has developed the SNA Dashboard. 
  • The SNA Dashboard forms part of a major public financial management reform that was initiated in 2021 with regards to how funds for Centrally Sponsored Schemes (CSS) are released, disbursed and monitored. 
  • It requires each State to identify and designate an SNA for every scheme. All funds for that State in a particular scheme will be credited to this bank account, and all expenses will be made by all other Implementing Agencies involved from this account.
  • The SNA model ensures that the allocation of funds to States for the CSS is made on time and after meeting various stipulations. 
  • Effective implementation of this Model will bring about greater efficiency in CSS fund utilization, tracking of funds, and pragmatic and just-in-time release of funds to the States, ultimately contributing to better Cash Management of the Government.
  • The programme will also have presentations on ‘Best Practices in Cash Management through SNA and Treasury Single Account (TSA)’. The Joint Controller General of Accounts, State Government of Odisha and Canara Bank, the presentations will be made, showcasing their experiences on the subject.

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