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A document certifying the utilization of a sanctioned grant-in-aid amount for a specific purpose as per the rules and guidelines set out by the Ministry.
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What is utilisation certificate?
A utilisation certificate is a document that certifies the utilization of funds granted by a government or any other authority for a specific purpose. It ensures that the money has been used appropriately according to the approved plan.
Who is required to file utilisation certificate?
Organizations or individuals who receive funds from a government body or funding agency for specific projects or purposes are required to file a utilisation certificate to demonstrate that the funds have been used as intended.
How to fill out utilisation certificate?
To fill out a utilisation certificate, the recipient must complete all sections detailing the amount received, the purpose for which the funds were allocated, the actual expenditures made, and any remaining balance. Supporting documents may also be required.
What is the purpose of utilisation certificate?
The purpose of a utilisation certificate is to provide accountability and transparency regarding the disbursement and use of funds. It helps ensure that funds are used for their designated purposes and aids in financial auditing.
What information must be reported on utilisation certificate?
A utilisation certificate must report the total amount of funds received, the total expenditure made against the funds, the purpose of the funds, any unspent balance, and a declaration affirming that the funds have been utilized as per the guidelines.
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