Pradhan Mantri Gram Sadak Yojana — Programme Guidelines

procedure, by Account Payee cheque mentioning the designated payee
accounts. They will immediately enter the cheque and payee details in the
Payment Module of the OMMAS.
(vi) On presentation of the cheque, the Bank would satisfy itself that the
payment details have been entered in the Payment Module, and that the
cheque meets with all other requirements, including, signatures agreeing
with specimen signatures, the cheque amount being within the balance
authorised limit, and the payee being the authorised payee, payee account
details being fully and correctly specified etc.
(vii) The Bank will not allow the funds to be used by any person other than
the authorised signatories and for any purpose other than the authorised
payment for Works taken up under the PMGSY. Nor will it be open to the
SRRDA to invest these funds in any other Bank / Branch, whether for short
or medium term, including under Fixed Deposits.
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(viii) The Bank will render monthly account, in respect of PMGSY Funds, to the
PIU, the State level Agency and whenever requested, to the National Rural
Roads Development Agency.
(ix) In addition to the existing system of bank authorization, State Rural Roads
Development Agency (SRRDA) may adopt an alternative system in which
each PIU will prepare an authorization statement on the basis of bills
passed by it every fortnight and send to the SRRDA. The authorization
statement shall contain the details of the payment namely name of work
and package number, name of authorized payee and his bank account
number, sanctioned amount of the project, expenditure on the project up
to previous fortnight and amount payable to him during the current fortnight
for each package. Based on the authorization statement, the SRRDA shall
issue an authority letter/ online payment instructions to the bank to credit
the amounts in the accounts of the payees mentioned in the authorization
statement under intimation to the PIU for making necessary entries in the
Programme Guidelines