New Delhi: In order to attain the goal of complete digitization of government payments, the union finance ministry has again reviewed the existing limit of Rs. 10,000 prescribed regarding e-payment to suppliers and others. It has now been decided to lower this threshold limit from Rs. 10,000 to Rs. 5,000.The last review in this regard was made in August, 2016.
Accordingly, all the ministries, departments of the union government have been now directed by the ministry of finance to ensure with immediate effect that all payments above Rs. 5000 to suppliers, contractors, grantee, loanee institutions and others are made by issue of payment advises only, said Ministry of Finance in a release.
(Agencies)
