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The Finance Department is a key department within the Government of Assam concerned with the state’s economy. The department is responsible for matters related to taxation,

regulation of financial institutions, preparation of the state government budget, framing of rules regulating the pay, leave and pension of state government employees and also rules regulating the number, grading or cadre and emoluments of posts under State Government.

Prior to Independence, the Finance Department of Assam comprised of only two branches — Finance and Budget. But over the course of time, as the economy of the state developed, so did the scope and functions of the department. And in order to seamlessly maintain its responsibilities, the department expanded into its current size of 12 branches. The first budget for the State of Assam was presented during the pre-independence period by the then Chief Minister of Assam Sir Muhammed Saadullah on 3rd August, 1937. After Independence, the first budget was presented by Bishnu Ram Medhi, the then Finance Minister of Assam on 11th March, 1948.

The roles and functions of Finance Department, Government of Assam are laid down in Rule 33 of the Assam Rules of Executive Business, 1968^[1]. The main functions of the department are to frame rules regulating the pay, leave & pension of state government employees and also rules regulating the number, grading or cadre and emoluments of post under State Government. Finance department advises on the financial aspect of all transactions relating to loans granted by the State Government. It examines and report on all proposal for borrowing by the State Government as well as increase or reduction of taxation and prepares an estimate of total receipts and disbursement of the state every year and looks after Government’s balances. Preparation of budget is a key function of the Finance Department. It prepares the statement of estimated revenue, expenditure and any supplementary estimates or demands for excess grants (all materials are obtained from departments) which is laid down before legislature every year.

It advises the departments responsible for the collection of revenue regarding the progress of collection and the methods of collection employed.

The Finance Department comprises of 12 departments -

Finance (Establishment A) Department

Finance (Establishment B) Department

Finance (Expenditure Control-I) Department

Finance (Expenditure Control-II) Department Finance (Expenditure Control-III) Department

Finance (Audit & Fund) Department

Finance (Budget) Department

Finance (Economic Affairs) Department

Finance (Pay Research Unit) Department

Finance (Staff Inspection Unit) Department

Finance (Taxation) Department

Institutional Finance Department

The current schemes and projects that are being undertaken by the Finance Department are –

Apun Ghar
Bidya Lakshmi
CMSGUY
LEAD-EAPs
ReSTART Assam
ASPIRe
Trade Development Fund (TDF)
MUDRA Yojana
Atal Pension Yojana (APY)
Pradhan Mantri Jan Dhan Yojana (PMJDY)
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)