Full form ?
Panchayat Empowerment and Accountability Incentive Scheme
When was it launched ?
2005-06 (Ministry of Panchayati Raj)
Aim ?
1) To incentivise States for devolving Funds, Functionaries and Functions (3F’s) to Parliament
2) To make them transparent , accountable and efficient
Is it Centrally sponsored ?
NOOO Central sector (100% centre funded)
How is accountability tested ?
Through a Devolution Index which ranks states/UT’s on 3F’s devolution