UP Govt. Signs MoU with eGov Foundation for State-Wide Implementation of Muncipal Financial Accounting Platform

The Government of Uttar Pradesh signed a Memorandum of Understanding (MoU) with eGov Foundation to implement a municipal financial accounting system. The initiative was part of the municipal accounting reforms across the entire State and covers all 652 ULBs (Urban Local Bodies) of Uttar Pradesh.

Manoj Kumar Singh, IAS Principal Secretary, Urban Development Dept., Govt. of Uttar Pradesh, states, “This partnership with eGov Foundation will further strengthen the revenue and expenditure management, capital budgeting, efficient management of assets and financial transactions thereby improve the Credit Worthiness to raise additional resources from the market".

With this partnership, eGov Foundation will be providing the Accrual Based Double Entry Financial Accounting Application of DIGIT (Digital Infrastructure for Governance, Impact & Transformation), one of India’s largest open-source platform for Urban Governance. The Government predicts to digitize the accounting records and operations by strengthening the financial autonomy and financial sustainability of the ULBs.

Dr Kajal, IAS, Director, Local Bodies, comments, "Collaborating with eGov Foundation has strengthened our vision of promoting good governance in financial management. The key drivers that led to this partnership revolve around enhancing the elements of efficiency and accountability in municipal accounting, increasing the transparency of the process and improving the dissemination of financial information to the ecosystem”.