DEPARTMENT OF FINANCE

1) Budget and Ways and Means Wing 2) Development Based Budget Wing 3) Public Sector Undertaking Cell 4) Finance Commission, Taxation enquiry and Resources Wing 5) Expenditure Wing 6) Finance Department (Administration Wing) 7) Accounts and Treasuries Wing. 8) Taxation Wing 9) Services and Pension Wing 10)Sales Tax Administration and Audit Wing 11)Pay Revision Cell 12)Other Branches

INSURANCE
The Government Insurance Fund as a centralized Unit providing insurance services was started (as a result of a suggestion made by the Public Accounts Committee ) in 1951, Primarily to cater the general insurance needs of different Government Departments particularly, the commercial and/or industrial undertakings (which have ordinarily to insure their property according to usual trade/commercial practice).

OBJECTS The objects for which the Insurance Fund was established were as follows: a. To save for the benefit of Government the margin contained in the premiums charged by the Insurance Companies, b. To build up a fund, the security afforded by which will enable Government to reduce the extent of its insurance with the Insurance Companies, c. To reduce the cost of insurance for Government and other Public Undertakings as far as possible and d. To ensure that appropriate cost of insurance in respect of Government's commercial undertakings is passed on the consumers of goods and users of services supplied by these undertakings.

SCHEMES
The Government Insurance Fund was being administered in the st Aug 1972. The work of the Insurance Section was Finance Department till 31
considerably different from that in Mantralaya. Moreover, Insurance Organisation has to function on commercial lines and has to employ staff with insurance qualifications. In view of this, and for administrative convenience, the Government decided to create a separate Department called the Directorate of Insurance with effect from 1st Sep. 1972. The Director of Insurance is the Head of the Department, and is appointed as principal officer of the Fund in terms of the Insurance Act, 1938, and is responsible for efficient management and administration of the Government of Maharashtra Insurance Fund. Commercial and Industrial Undertakings are sufficiently varied to give rise to almost all the major types of general insurance. A lost of general insurance business under written by the Government Insurance Fund is given below : FIRE INSURANCE MARINE INSURANCE MISCELLANEOUS INSURANCE