While around Rs 7,379.30 crore will be transferred to PRIs, ULBs will get around Rs 5,413.47 crore during the five year period, officials said.
The broad headings for fund transfer are devolution, assignment of tasks and grant-in-aid, according to a decision taken at the high-level monitoring meeting chaired by Chief Secretary G C Pati.
Grant-in aid to these local bodies mostly include water supply schemes, street light, construction of staff quarter at gram panchayat level, maintenance of capital assets, creation of capital assets for revenue generation, sanitation and incentives, the meeting resolved.
Housing and Urban Development department has targeted to roll it out by February, 2016.
Also Read
NIC and IDICOL have been assigned the task of engineering and designing the software for these departments respectively, they said.
Keeping in view the release of the second trench of the grants the finance department has asked the local bodies to furnish the annual action plan and perspective action plan for five years so as to eligible for second trench.