Central Sponsored Scheme (CSS) Fund Disbursement guidelines, as received from Ministry of Finance proposed all Central Sponsored Scheme to opt for Single Nodal Account (SNA) for better management of Funds at Nodal level.
Government Business Banking application (GBB) from Mindgate is a one stop solution for Scheme Managementwhich can accommodate multiple business requirements from Government of India/Government Departments. In order to meet business requirement of CSS, the GBB application was customized with specific set of features and was delivered to Jammu and Kashmir Bank on 1st July, 2021 as per agreed timeline.
With JKB having successfully processed the first of CSS transactions, JKB now stands to be among the few elite list of bankers to offer CSS as a solution.
We at Mindgate are proud of our association with JKB and the above achievement could not have been possible thanks to the rigorous support from the bank, in making the application live in record time.
We thank the bank for having achieved this amazing milestone and look forward to working closely on future IT and government initiatives.