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Published byMelvin Harper Modified over 8 years ago
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An important initiative towards “Digital India” campaign Robust e- Governance tool for online filing of claim for release of grant to the project Online monitoring of progress of the project Transparency in disbursal of funds to implementing agency Minimization of supporting documents, paper-work An investor friendly initiative
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The present system of grant release is cumbersome and complicated SPV requires to submit voluminous supporting documents in support of its claim The documents alongwith claim are examined by the PMA, taking considerable time After satisfactory compliance of each milestones, PMA recommends release of grant to SPV
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PMA recommendation is examined in the Ministry and then claim is recommended to IFD for concurrence After IFD concurrence, the grant amount is transferred to bank account of the SPV by Pay & Accounts Office Usually 2-3 months time is taken between the date of filing claim and final disbursal of fund to the SPV
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Ministry will issue login Id and password to all the SPVs and PMAs SPV will upload prescribed documents on the portal An alert SMS /Email will be sent to PMA and Ministry PMA will examine the documents uploaded by the SPV and make its recommendations to Ministry online
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Ministry will process the claim online for concurrence of IFD Sanction order will be sent to the Pay & Accounts Officer for disbursement of fund through ECS. It will eliminate delay, minimize human interface and enhance transparency
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Integration of the module with PFMS to facilitate direct disbursement of fund to the SPV Submission of online application for new Mega Food Parks Monthly Progress Report linked to Implementation Schedule Uploading of photographs for real time monitoring MOFPI Scheme Management System
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SPVSpecial Purpose Vehicle PMAProgram Management Agency IFDIntegrated Finance Division PFMSPublic Financial Management System ECSElectronic Clearance System
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