By BS Reporter
The finance ministry on Wednesday relaxed restrictions on expenditure for scholarship schemes under the Direct Benefits Transfer (DBT). Such schemes will not be required to meet the condition of cap on expenditure in the last quarter and last month of the year.
According to expenditure management norms, there is a ceiling of 33 per cent on expenditure in the last quarter of the year and 15 per cent on expenditure in the last month.
"All schemes, wherein scholarships have to be paid to the beneficiaries under the DBT mode, are exempted from 33 per cent and 15 per cent restrictions on expenditure, for the last quarter and month of March respectively in the financial year," the finance ministry said in an office memorandum.