Belonia (Tripura), July 23: A delegation from the 6th State Finance Commission (SFC) visited South Tripura district on Tuesday as part of its ongoing assessment to devise a robust financial strategy for the state’s future development.
A key meeting was convened at the Belonia Circuit House, chaired by Commission Chairman Abhishek Singh, to deliberate on developmental needs across both rural and urban areas of the district.
During the session, elected representatives outlined various schemes and initiatives underway, while also emphasizing the urgent requirement for sufficient financial support to expedite local development.
Participants drew attention to pressing infrastructural issues within the district’s three urban bodies—particularly those concerning roads, potable water supply, and drainage systems.
They also underscored the need to strengthen internal revenue generation mechanisms within all panchayats.
Addressing reporters after the meeting, Chairman Abhishek Singh said, “This review aims to build a forward-looking financial roadmap for the next five years, ensuring a balanced distribution of the state’s revenue for the holistic growth of rural and urban sectors.”
He further added that the Commission is actively collaborating with public representatives to gather actionable insights for inclusive and balanced development planning.
During the meeting, Zilla Parishad Sabhadhipati Dipak Dutta handed over a comprehensive memorandum to the Commission’s Chairman, outlining the district’s developmental needs and proposals for further progress.
The review session was attended by South Tripura District Magistrate Md. Sajjad P, Commission’s Member Secretary Akinchan Sarkar, Urban Development Director Megha Jain.
Also present were Panchayat Department Director Prasun De, chairpersons of Belonia and Santirbazar Municipal Councils, chairperson of Sakram Nagar Panchayat, block advisory committee heads, and several representatives from panchayat and village committees.
Understanding the Role of the State Finance Commission (SFC)
According to theIAShub, the State Finance Commission is a constitutional body mandated to enhance the financial viability and autonomy of local governance institutions.
It evaluates the fiscal status of Panchayati Raj Institutions (PRIs) and Urban Local Bodies (ULBs), and provides recommendations for equitable sharing of state revenues, taxes, and grants.
Key Functions of the SFC
Revenue Distribution: The Commission lays down the principles for apportioning the net proceeds from state-imposed taxes, duties, tolls, and fees between the state and its local governing bodies.
It also recommends how these funds should be shared among various levels of PRIs and ULBs.
Grants-in-Aid: The SFC advises on the quantum of grants to be allocated from the Consolidated Fund of the state to support the functioning of local bodies.
Enhancing Financial Independence: By suggesting strategies to boost revenue generation capabilities, the Commission supports the financial self-reliance of local institutions.
Fiscal Oversight: It guides local bodies on effective financial planning, budgeting, and maintaining fiscal discipline.
Monitoring and Evaluation: The Commission continuously evaluates the financial performance and health of local bodies to identify areas needing attention and improvement.
Ensuring Accountability: It promotes financial transparency and accountability within local governance frameworks.
Conclusion
In summary, the State Finance Commission serves as a critical link between the state government and grassroots institutions, ensuring that local bodies are financially empowered to deliver essential services efficiently.
Once the SFC finalizes its recommendations, those are submitted to the Governor, who subsequently places them before the State Legislature for consideration and potential implementation.
