State Finance Commission And Devolution Of Funds To Village Council In Mizoram: Introspection

Abstract

The significance of Local Self-Governance is a crucial tool for achieving participation, which is a fundamental aspect of good governance. The characteristics of good governance can be realized through effective LSG (Local Self-Government) institutions, particularly through the provision’s implementation outlined in the 73^rd Constitutional Amendment 1992. This paper highlights the importance of financial aid for local bodies, through the SFC (State Finance Commission) which plays a vital role in supporting LSG by facilitating the allocation of funds from State resources. The paper mainly focuses on the recommendations of the Second MSFC (Mizoram State Finance Commission) aimed at enhancing the financial capabilities of Village Councils (VCs).