Asset Details
Keezhallur Grama Panchayat – Asset Information of the Panchayat
The assets of a Local Self Government Institution (LSGI) refer to all properties owned, managed, or controlled by the Panchayat for public use and development activities.
Major Categories of Panchayat Assets
1. Physical Assets
These are tangible assets that can be seen and used:
- Panchayat office buildings
- Schools, Anganwadis, health centres
- Community halls and markets
- Roads, bridges, and culverts
- Vehicles, tractors, street lights, and computers
2. Water Assets
- Public wells
- Ponds and streams
- Drinking water projects
- Irrigation canals
3. Land and Public Spaces
- Government/common land under Panchayat control
- Parks
- Playgrounds
- Burial and cremation grounds
4. Financial Assets
- Bank deposits and savings
- Tax and fee arrears receivable
- Rental income from buildings and shopping complexes
Importance of Assets
- Provide essential public services and infrastructure
- Generate revenue for the Panchayat
- Support local development projects
- Help improve the quality of life of the people
Asset Register
Every Panchayat must maintain an “Asset Register” containing detailed records of all its assets. This helps:
- Protect public property
- Prevent unauthorized occupation or misuse
- Ensure proper maintenance and management
In short, all movable and immovable properties managed by the Panchayat for the welfare and development of the local community are considered Panchayat assets.