GOVERNMENT OF INDIA
In today's developmental landscape, Results-Based Financing (RBF) stands as a novel approach to incentivizing performance and accountability across various sectors. By linking payments to the verification of pre-defined result indicators, RBF encourages service providers to focus on delivering quality results rather than just inputs. There is a need further to push the result-oriented approach in government expenditure or budgeting. Certain Ministries/Departments of the Government of India have partially linked the budget to the achievement of results, for example, the Functionality Assessment of Jal Jeevan Mission of Jal Shakti, Program for Results (PforR) in Skill Acquisition and Knowledge Awareness for Livelihood Promotion (“SANKALP”) of Ministry of Skill Development and Entrepreneurship, Conditionality Framework of the National Health Mission of the Ministry of Health and Family Welfare and the Revamped Distribution Sector Scheme of the Ministry of Power, which has provision for Result-Linked financial assistance. Few other Ministries/Departments are embarking on this journey. A considerable number of approaches have also been implemented by various multilateral agencies, for example, the Program for Results (PforR) and Output-Based Aid (OBA) by the World Bank.
The objective of this session is to bring diverse perspectives on the way forward for using the Result Based Financing Framework in government schemes and Policies. By employing RBF, the government can enhance performance and accountability in service delivery and, ultimately, the efficacy of public expenditure for societal betterment. The panel discussion aims to share the experience of the esteemed speakers from the government, multilateral organizations and academia in using the RBF, its benefits, the challenges encountered in its implementation, and innovative strategies for enhancing its impact. Through this discussion, the panel will explore different approaches, best practices and challenges of Result Based Financing and may also suggest a way forward for India.
Objectives:-
The aim of this learning session is to help the participants understand the applicability of the RBF in Government Schemes and Policies:-
- To understand the design and implementation of RBF in government schemes and programmes and discuss the best practices.
- To learn the practical applications of the RBF by examples of schemes/programmes where RBF has been applied, especially in a Government of India context
- To learn from experience the benefits of using the framework, the challenges faced, alternatives and the way forward.
Speakers:
- Sh. Atul Kumar Tiwari, Secretary, M/o Skill Development and Entrepreneurship
- Sh. Sanjay Kumar, Secretary, D/o School Education and Literacy, M/o Education
- Sh. Chandra Bhushan Kumar, Additional Secretary, D/o Drinking Water & Sanitation
- Ms. Radha Ashrit, DDG, DMEO-NITI Aayog
- Dr. Shrayana Bhattacharya, Senior Economist, The World Bank
- Dr. D.L.Sunder, Professor, Strategic Management and Entrepreneurship, IIM Indore
Moderator:
Sh. Vaibhav Rundwal, DMEO-NITI Aayog