Project Mining & Development

• To arrange for Meetings between the officials of the constituent state governments including GNCT of Delhi and their implementing agencies to explore and identify suitable infrastructure development projects for financing and to review progress of on-going Projects; and
• Follow up of the Minutes of Meeting particularly with regard to preparation and submission of Detailed Project Reports (DPRs) by the implementing agencies as identified during the Meetings or otherwise to the NCRPB for financial assistance.

Project Appraisal & Sanction

• To empanel the selection of National Institutions for providing project appraisal services,
• To get the DPRs received from the state governments and their implementing agencies appraised from the selected National Institutions who have been empanelled for providing Project Appraisal Services and all other work connected thereto,
• To prepare Agenda Notes for sanction of the appraised projects for placing before Project Sanction & Monitoring Group-I/II (PSMG-I/II) as the case may be,
• To convene the Meetings of PSMG and circulate agenda notes,
• To record the Minutes of the PSMG Meetings and circulation of the approved Minutes to all concerned, and
• To forward projects sanctioned by the PSMG alongwith the Minutes to the Finance & Accounts Wing for further processing of loan.

Project Monitoring

• To empanel and appoint Third Party Inspection & Monitoring Agents for sanctioned projects,
• To call for and compile Monthly and Quarterly Progress Reports in respect of On-going Projects,
• To process the loan installment release request of the implementing agencies and constitute verification teams,
• To process the reports of the verification teams/TPI Agency and obtain the approval of the competent authority for further loan release,
• To organise verification of physical and financial completion of the Projects and process the reports of the verification team and,
• To maintain databases of on-going and completed projects.