About Funds Department
The J&K Funds
Organisation has been established for maintenance of the GP
Fund accounts of the State government employees w.e.f.
01.04.86. These accounts were till that time maintained by
the Accountant General J&K and only GPF accounts of class IV
employees used to be maintained by 2 provincial level office
of state Finance Department. The J&K Funds Organisation also
maintains State Life Insurance (SLI) accounts of government
employees who subscribe premium to SLI which is mandatory
for Govt employees. The GPF as well as SLI subscriptions
are deducted monthly from each Government employee pay bill
as per rules in vogue.
Information Technology (IT) in Funds
The project GENPROFIT System has been designed
and developed for Funds Department of Government of J&K, for the computerization
of subscriptions made by the employees who keeps their hard earned money with the
Fund Office. In Year 1986 onwards Accountant General Offices on the request of Government
of J&K allowed the Funds Department to maintain the details of subscriptions
made by each department.