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Rajasthan Shiksha Karmi Project An overall appraisal

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Financial Management:The project has evolved detailed guidelines and regulations to ensure better managementof finances. As indicated earlier, Sida and GOR supported the first two phasesof the project. The first phase (July 1987 to June 1994) involved an allocation of Rs211.34 m, 90% of the amount coming from Sida. At the end of Phase I, there was asaving of Rs 65.90 m (Sida share 59.75 m) mainly because of unspent balances withNGOs and Panchayat Samitis.Phase II (July 1994–March 1998) involved substantial expansion. In addition tothe unspent balance, fresh expenditure stood at Rs 505.96 m shared in a 1:1 ratiobetween Sida and GOR. <strong>An</strong> additional Rs 118.64 m was spent between April andJune 1998 (shared equally between Sida and GOR), bringing the <strong>overall</strong> cost of PhaseII to Rs 690.50 m (65.90 unspent balance + 624.60 fresh allocation). Since Sidapulled out of the project in May 1998, and the third phase with financial assistancefrom DFID is still to commence operation, the financial picture since June 1998remains somewhat unclear.Accounts of the SKB are audited annually by statutory chartered accountants asalso by the Office of the Comptroller and Auditor General, Government of India. Sofar no major discrepancies in accounts have been pointed out.<strong>Rajasthan</strong> <strong>Shiksha</strong> <strong>Karmi</strong> <strong>Project</strong> <strong>An</strong> <strong>overall</strong> <strong>appraisal</strong>29

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