The Department was renamed as “Directorate of “Pension, Small Savings and Asset-Liability Monitoring” vide Government order No.FD 25 Savula 201, dated:21.04.2010. The Department is entrusted with the work of tracking the Government investments under loans and shares and the amount due to Government in the form of interest, dividends or guarantee commission where Government stands as guarantor.
Areas covered are,
1) Loans:- Loans offered to Public Sector undertakings, Industries, Factories and other organization where Government is due for interest as per the agreed terms.
2) Shares:- Investment of Government money in Share Capitals of different organizations where Government is due for dividends.
3) Guarantor: Government would have stood as guarantor for many companies to take loans from the banks where Government is due for guarantee commission @ 1% p.a.