Pradhan Mantri Gram Sadak Yojana — Programme Guidelines

of the cleared value of projects, (or annual allocation whichever is lower) shall be
released subject to fulfillment of conditions, if any, stipulated earlier.
19.2 Since the cost of only the contracted works have to be paid, the second
instalment would be calculated on this basis, and would be equal to the balance
due on the cost of the awarded works. Release would be subject to utilisation
of 60% of the available funds and completion of at least 80% of the road works
awarded in the year previous to the preceding year and 100% of the awarded
works of all the years preceding that year, and fulfillment of other conditions, if any,
stipulated while releasing the previous instalment. Works cleared and not awarded
by the time of the 2nd instalment would be deemed as lapsed. Available funds will
be the funds available with the SRRDA on 1st April of the Financial Year (including
interest accrued) plus the amount of the instalment released, if any, during the
Financial Year.
19.3 The release of the second instalment in a year shall be subject to submission
44 of the following documents:
(i) Utilisation Certificate for the funds released earlier, year-wise in the form
prescribed.
(ii) Certificate by the Bank Manager indicating the balance amount on date of
issue of the Certificate and the interest credited.
(iii) A Certificate regarding the requisite physical completion of works.
(iv) For all releases after October of a year, production of an Audited Statement
of Accounts and a Balance Sheet and related Statements, duly certified by
the Chartered Accountant for the accounts of the previous financial year.
(v) Outputs of the relevant modules of the OMMAS, duly certified by the SRRDA
as being correct and verified by the NRRDA.
Programme Guidelines