Bhubaneswar:28/12/19: Odisha Chief Minister Naveen Patnaik on Saturday announced the abolition of the solvency certificate.
Under the 5T initiative of the state government, documents like income certificate, residence certificate, caste certificate, and all miscellaneous certificates can be availed online without any fees and on the basis of self-certification.
In case of death of government servants, no legal heir certificate is necessary to get govt dues, said a statement from the Chief Minister’s Office.
Solvency certificate is a document which provides information about the financial stability of an individual/entity. This certificate is required by the government and commercial offices to be sure about the financial position of individuals/entities. Solvency certificate is generally issued by the revenue department and banks on request