COMPUTING OF FUNDS

abhishreshthaa

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Computing of funds is done on the bass of the following:

(a) Khadi fund is computed on the basis of its applications for the purposes relating to khadi.

(b) The village industries fund is computed on the basis of its applications for the purposes relating to village industries and products of handicrafts.


(c) The general & miscellaneous fund is computed on the basis of its applications for the purposes relating to khadi and village industries and for meeting the salary, allowances and other remuneration of the members, officers and other employees of the Commission and other administrative expenses of the Commission.

In respect of each of the funds there has been constituted a standing committee (from among the members of the commission) which exercises powers as may be delegated by the commission.

The Commission has to in each year prepare and submit to the Central Government for approval three separate budgets in the prescribed form for the next financial year, namely the Khadi Budget, Village Industries Budget and General & Miscellaneous Budget showing the estimate receipts and expenditure in respect of khadi, village industries and products of handicrafts and khadi and village industries respectively during that financial year. The amount is expended on behalf of the commission only if the expenditure is covered under any provision in the budget approved by the central government.
 
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