Get Started with ixamBee
Start learning 50% faster. Sign in now
As per RBI draft prudential guidelines for Advances - Projects Under Implementation, Directions, 2024, related to disbursement of funds: · For all projects financed by the lenders, it must be ensured that financial closure has been achieved and DCCO is clearly spelt out and documented prior to disbursement of funds. · Additionally, lenders shall ensure that disbursal is proportionate to the stages of completion of the project as also to the progress in equity infusion, as agreed. · In case of PPP projects, disbursement of funds should begin only after declaration of the Appointed date of the project. · The project specific disbursement schedule vis-à-vis stage of completion of the project shall be prescribed by the lenders. · Further, the lender’s Independent Engineer (LIE)/Architect must certify the stages of completion of the project. Note - The Lender’s Independent Engineer (LIE) is an agent of lending institutions like banks or non-banking financial companies (NBFCs) who provide the client with a detailed review of the proposed project’s documents and the evaluation of the technical design to validate the eligibility and other compliances of the project. The LIE reports are majorly required for infrastructure and real estate projects, SEZ, and other infrastructure projects.
With reference to Indian Port Ecosystem, consider the following statements:
I. The Draft Indian Ports Bill, 2022 seeks to replace the existing I...
Consider the following statements about Yield Estimation System using Technology (YES-TECH):
1. It uses remote sensing for crop yield estimation....
Which of the following statements is/are NOT TRUE with respect to the
discussion paper titled ‘Multidimensional Poverty in India released by Ni...
India's first glass bridge in Kanyakumari connects which of the following?
The Election Commission has declared Arjuna Award winner Sheetal Devi as its national disabled icon. Which sport is he related to?
Recently, in which national park ‘Genetic Rescue’ has been proposed to preserve the tiger population?
Where is India's 'First Ayurvedic Café' opened?
In a significant development, which Indian city does Uttar Pradesh plan to transform into India’s first AI city, aiming to foster and promote the AI e...
