Foreign Contribution (Regulation) Act (FCRA), 2010
 

FCRA, 2010 regulates the foreign contribution (money donation) given to various NGOs and institutes. Foreign contribution can be accepted by all the organisations which are working for definite cultural, social, economic, educational or religious programmes. But first, they have got permission from the Ministry of Home Affairs (MHA). Second, they have to maintain separate account book listing the donations received from the foreigners and get it audited by a Chartered Accountant and submit it online to Home Ministry every year. Under FCRA, 2010, The Central Government, in a notice dated the 21st of December, 2017, directed all Non-Governmental Organisations (NGOs), business entities and individuals who are covered under the ambit of FCRA 2010 to open their bank accounts with any of the banks which has integrated its system with the Public Financial Management System (PMFS). It also notified that the process must be completed within a month of the publication of the notice.

 
All applications under FCRA can now be filled online on website https://fcraonline.nic.in; documents can also be uploaded online including payment of fee etc. All queries and replies to the applicants will be made through emails and digitally signed registration certificates, prior permission sanctions, etc will be issued to the applicants through emails. A person can also deposit the fees for registration or renewal of registration through an online electronic payment gateway as specified by the Central Government.
 
PMFS
 
The PFMS is constituted under the Controller General of Accounts in the Ministry of Finance. Its operations include :
  • Laying out a financial management platform for all plan schemes.
  • Integrating with core banking solutions of banks handling plan funds.
  • Integrating with state treasuries.
  • Monitoring the flow of funds of governmental schemes.
  • Rendering information across all plan schemes or implementation agencies in the country on the subject of fund utilisation.
  • Enhancing public accountability through a review and decision support system.
 
 
 
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