Purpose

To lay down the fund release process for 1^st instalment and issue of Project commencement order to PIA

Reference to Guidelines

 Row 1, Instalment 1, table 6, para 5.9, page 56

Prerequisite/s                    

Uploading of executed MoU

Time for completion                   

10 working days after signing the MoU (MoU execution day is coded as I₃)

Resource/s               

As per SF 3.2A: Project account registration form on PFMS and SF 3.2B: Project commencement order and SI 8.3D1: Applicability and settlement of TDS

Process owner:

For APS: SRLM

For YPS: CTSA

PIA

1. Opening dedicated bank account[1] for the project and linking it to Public Finance Monitoring System (PFMS)
2. Filling up the bank account details if PFMS is not operational.

To be completed at least 5 days before signing of MoU (I₃-5 days)

SRLM

(For APS)/ CTSA

(For YPS)

Release the first instalment amount of central & State shares after deduction of TDS and updating the status on designated web-link (It is mandatory central and state shares are released together This should be followed meticulously by fund releasing agencies)

latest by I₃+10 days

SI 8.3D1: Applicability and settlement of TDS

SRLM

(For APS)/ CTSA

(For YPS)

Issue of Project commencement order

latest byI₃+10 days

SF 3.2B: Project commencement order

Note: The project commencement date of the project will be from 30 days from the date release of central and state share from CTSA for YPS/ SRLM for APS