Role of Nodal Agency

Power Finance Corporation Limited (PFC) has been designated as the Nodal Agency for operationalization and implementation of the scheme under the overall guidance of MoP. The role of the Nodal agency is as below:

● Notify all the guidelines, formats, advisories, Best Practices required for implementation of the project from time to time.

● Appraise the DPRs before putting up to the Monitoring Committee.

● Coordinate with the main stakeholders such as MoP, Monitoring Committee, Central Electricity Authority, Utilities and consultants, if any

● Develop a dedicated web portal for submission of DPRs and for maintaining the MIS of the projects

● Monitor physical and financial progress of the projects including quality of works.

● Nodal agency shall operate a separate Bank account (IPDS Account) for release of funds by Ministry of Power and for onward release to the beneficiary Utilities /State Governments.

● Administer the Grant Component.

● Nodal agency shall deploy Third Party services of outside agencies/manpower for concurrent evaluation of project implementation.