Release of funds

The community procurement is proposed for FCSC program. PA will open an account in Nationalized Bank and deposit their contribution in that account. PA may do civil work by force account or by the contract by shopping procedure.

After the amount of beneficiary contribution is spent, the PA will prepare and submit first advance to the DDRCs to the tune of 25% of investment cost. The proposal should contain invoices, photocopies of pass book, photograph of work done and utilization certificate duly signed by chairperson and Manager of PA. On receipt of proposal, DDR will release first advance of 25% by drawing amount by cheque or by core banking. On spending 50% amount of first advance, PA will submit proposal for second advance with similar document to DDR office. DDR office will release second advance and similar procedure will be adopted for third advance. DDR will release advance within 7 working days for each advance.

On completion of the work, completion certificate duly signed by Chairperson and SP with the invoices, photocopies of passbook of account, photographs of work competed and utilization certificate for third advance signed by Chairperson and Manager of PA will be submitted to the office of DDR


 
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The community procurement is proposed for FCSC program. PA will open an account in Nationalized Bank and deposit their contribution in that account. PA may do civil work by force account or by the contract by shopping procedure.

After the amount of beneficiary contribution is spent, the PA will prepare and submit first advance to the DDRCs to the tune of 25% of investment cost. The proposal should contain invoices, photocopies of pass book, photograph of work done and utilization certificate duly signed by chairperson and Manager of PA. On receipt of proposal, DDR will release first advance of 25% by drawing amount by cheque or by core banking. On spending 50% amount of first advance, PA will submit proposal for second advance with similar document to DDR office. DDR office will release second advance and similar procedure will be adopted for third advance. DDR will release advance within 7 working days for each advance.

On completion of the work, completion certificate duly signed by Chairperson and SP with the invoices, photocopies of passbook of account, photographs of work competed and utilization certificate for third advance signed by Chairperson and Manager of PA will be submitted to the office of DDR


 
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