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7. Pattern of Release of Funds

Release of the Central Financial Assistance for approved projects will be made as per the following pattern:-

• Initial release alongwith the sanction order (provided Utilization Certificate (UC) for the previous years’ releases have been received) - 50% of the CFA
• Second installment on supply of equipment at site - 20% of the CFA
• Final installment after commissioning and one month of satisfactory operation - 30% of the CFA

Audited Statement of Expenditure (SOE) and UC should be provided by the implementing agency along with a certificate for electrification of the remote village having been successfully carried out as per the Sanction Order/DPR norms by the local administration at district / village level, after ascertaining from the beneficiaries, before release of the final installment. A confirmation from the State Power Department / State Electricity Board the agency responsible for village electrification, to the effect that the census villages has been included in the list of electrified villages of the State, would also be necessary before the final installment is released.