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Mahesh

12/05/22 08:34 AM IST

MPLAD Scheme

In News 
  • Recently, the Ministry of Finance has revised the Member of Parliament Local Area Development Scheme (MPLADS) rules, where the interest that the fund accrues will be deposited in the Consolidated Fund of India.
  • So far, the interest accrued on the fund used to be added to the MPLADS account and could be used for the development projects.
About MPLADS
  • It is a Central Sector Scheme which was announced in December 1993.
  • Objective: To enable MPs to recommend works of developmental nature with emphasis on the creation of durable community assets in the areas of drinking water, primary education, public health, sanitation and roads, etc. primarily in their Constituencies.
  • Each year, MPs receive Rs. 5 crore in two instalments of Rs. 2.5 crore each. Funds under MPLADS are non-lapsable.
  • Lok Sabha MPs have to recommend the district authorities projects in their Lok Sabha constituencies, while Rajya Sabha MPs have to spend it in the state that has elected them to the House.
Consolidated fund of India 
  • All revenues received by the Government by way of taxes like Income Tax, Central Excise, Customs and other receipts flowing to the Government in connection with the conduct of Government business i.e. Non-Tax Revenues are credited into the Consolidated Fund constituted under Article 266 (1) of the Constitution of India.
  • Similarly, all loans raised by the Government by issue of Public notifications, treasury bills (internal debt) and loans obtained from foreign governments and international institutions (external debt) are credited into this fund.
  • All expenditure of the government is incurred from this fund and no amount can be withdrawn from the Fund without authorization from the Parliament.
Source- PIB 

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