National Literacy Mission Authority (NLMA) signs MoU with four Indian banks

November 26, 2009: A Memorandum of Understanding was signed today for the Saakshar Bharat Scheme of National Literacy Mission Authority (NLMA), to ensure a hassle free flow of funds to the implementing agencies up to the Gram Panchayal Level by utilizing the Core Banking System of the Banks.

For this, four leading public sector banks, viz. Union Bank of India, SBI, PNB & Indian Bank have come forward to be partners of NLMA. The unique feature of this flow mechanism envisages A single bank account for each state, empowering the District Panchyat, Block Panchayat and Gram Panchayats to draw cheques against the single bank account and online monitoring of progress of expenditure.

The banks would provide customized cheque books to all implementing agencies of Saakshar Bharat, with assured cash flow. With the new system of implementation, NLMA will be able to reconcile their funds at different level by receiving the appropriate MIS from the banks about funds utilization.

The Prime Minister had launched the Saakshar Bharat scheme of the National Literacy Mission Authority (NLMA) of Ministry of Human Resource Development, on the International Literacy Day, 8th September, 2009. It aims to cover 70 million non literate adults including 60 million adult not literate women. The programme envisages fund flow of Rs.6000 crores in 365 district to implementing agencies in the states up to Gram Panchayat level without any interruption, Proposals for release of funds have already been received for implementation of the programme in 167 districts from 19 states.

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