Himachal Cracks Down: 50,000+ Govt Bank Accounts Under Scrutiny, Interest to Treasury

• Himachal Pradesh government initiated a major crackdown on over 50,000 unmonitored bank accounts across various departments.
• The Education Department is the first target, with orders to consolidate multiple DDO accounts into a single one for better control.
• Interest earned on government funds will now be deposited directly into the state treasury, not retained by departments.
• Inactive bank accounts holding state government funds are to be activated, and their balances transferred to the treasury.
• Centrally sponsored schemes like SSA, RMSA, and MDM are exempt from these new regulations to ensure their smooth operation.

Why It Matters: Himachal tightens financial oversight, consolidating accounts and redirecting interest to the state treasury.