MeitY Startup Hub (MSH) is currently inviting applications for the position of Finance Coordinator – Schemes, purely on a contract/consolidated basis.

Responsibilities

• Tranche Disbursement Processing: Manage the internal verification, documentation tracking, and clearing lines for grant tranche releases to GENESIS startups. Ensure all milestone confirmations are fully signed before processing financial transactions.
• Utilization Certificate Auditing: Review and audit the Utilization Certificates (UCs) and statements of expenditures submitted by partner incubators. Ensure all regional fund allocations match the strict line item rules defined under scheme terms.
• GFR Allocation Compliance: Cross-verify that all regional project expenses, equipment purchases, and operational costs mirror General Financial Rules (GFR) compliance parameters. Identify and flag budgeting deviations instantly to prevent audit gaps.
• Financial Database Administration: Clean, organize, and maintain MSH’s financial registries tracking GENESIS funding lines, pending releases, and total capital deployed. Ensure data safety when handling sensitive financial records.
• Invoice Verification Loops: Process incoming IT service invoices, incubator overhead claims, and operational bills against approved project line items. Organize transparent payment recommendations for administrative approval.
• RFP Financial Criteria Support: Assist the scheme management team in drafting detailed financial eligibility grids, bidding layouts, and pricing terms for upcoming vendor RFPs. Help cross-check that incoming bids align with budget limits.
• Parliamentary Query Data Assembly: Support the collection, validation, and packaging of financial data reports to answer urgent Parliamentary Questions, RTI files, and CAG audits under tight timelines. Maintain total mathematical accuracy.
• Bank Reconciliation & Ledger Tracking: Execute regular bank reconciliation steps, track interest earnings on scheme accounts, and maintain clean ledgers. Coordinate with banking institutions to monitor transfer failures or processing delays.
• Financial Dashboard Feeds: Provide validated, clean financial statistics to the MSH Portal team to update public-facing tracking dashboards. Ensure total funding figures match the internal ledger books perfectly.
• Audit Archive Preparation: Systematically compile and secure all signed UCs, approved payment vouchers, and financial sanction orders into central databases. Ensure all compliance records are structured for quick retrieval during official audits.

Important Links

About MeitY Startup Hub (MSH)

MeitY Startup Hub (MSH), functioning as an Independent Business Division (IBD) within Digital India Corporation (DIC), is mandated to create, strengthen, and accelerate the growth of the startup ecosystem across India, with a particular focus on electronics and IT-based startups. MSH leverages various digital integration and implementation tools, as well as analytics, to capture and consolidate data from all MeitY-supported TIDE 2.0 Centres, Centres of Excellence (CoEs), startups, investors, mentors, service providers, freelancers, academic institutions, industries, and other stakeholders. It connects them with the global community of investors, mentors, corporates, experts, entrepreneurs, MSMEs, institutions, and international funding agencies that support sustainable techno-socio-economic development in India.