Haryana has started dealing with the economic crisis along with corona. Manohar Lal government will also raise revenue from its financial resources. Preparations are being made to fill the treasury with interest by investing surplus funds and maturing FDs of the departments at one place.
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The government has demanded surplus funds from all the departments, boards, corporations, undertakings. All these funds will have to be deposited in Haryana State Finance Services Limited (HSFSL). It is a state government-owned company, which deals with matters related to financial services. Surplus funds are now deposited by departments at different places. On which the government is getting less interest. When all these funds are collected at one place, the central level non-financial financial company (NBFC) will be invested, due to which the government will get a large amount of interest.
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Apart from this, the government has also decided to deposit all FDs maturing in future in a non-financial company through Haryana State Finance Services Limited. The government will also earn more interest from this. FDs of departments, boards, corporations and subcontracts are deposited in different financial institutions, on which less interest is coming. Right now, 19 out of 23 PSUs in Haryana are running in profit.
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