arrangement of funds for panchayats
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sources of funds for Gram panchayats are grants from the Central Finance Commission
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Presently, one of the most significant sources of funds for Gram panchayats are grants from the Central Finance Commission. The ear marked funds are to the tune of Rs. 2.12Lakh crores for the period 2015–2020, for approximately 2.28Lakh Gram Panchayats in the country.
Explanation:
The sources of funds for the Gram Panchayat are:
Collection of taxes on houses, market places, etc.
Government scheme funds received through the various departments of the government through the Janpad and Zila Panchayats.
Donations for community works etc.
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