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DIRECTORATE
OF INSTITUTIONAL FINANCE
(Government of Chhattisgarh )
Directorate
of Institutional Finance (DIF) is a Directorate under
Department of Finance. It is headed by Director who
is senior officer from Indian Administrative Service.
DIF
is basically entrusted with responsibilities relating
to coordination of procurement of institutional finance
for all externally aided projects of the State Government.
It also coordinates with various Government Departments,
Corporations, Boards, Financial Institutions, Reserve
Bank of India, and Government of India in the matter
relating institutional finance and implementation Government
sponsored programmes. Broad responsibilities of DIF
is as under:
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Monitoring
role for ensuring adequate flow of institutional
finance for several government sponsored programmes.
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Promotional role to maximize institutional finance
for development activities of the State.
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Intermediary
role to coordinate with banks/ other financing institutions
to sort out problems between governmental agencies
and banks.
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Project Management and Coordination for externally aided
projects as well as to provide general project preparation/
planning support to concerned departments and agencies of
government.
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Monitoring progress of externally aided projects
in the State.
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To draft yearly State Credit Plan for government
sponsored employment-oriented schemes under poverty
alleviation. The objective is to prepare State Credit
Plan is to dovetail government plans with bankers
plan thereby to assist district level bank functionaries
to formulate their district credit plans.
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Implementation of Bank Recovery Incentive Scheme.
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