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5
the residential facility) for three months @ Rs.1500 per month for 3 (three) months. The beneficiary will also be entitled for monthly stipend @ Rs.750 p.m. (ii) Monthly stipend for local Non-residential trainees would be Rs.1500 per
month.
Jor
(e) The cost norms for various components of the skills training programme for traditional trades are as below:
Cost to Organization will be given @ Rs. 10000/- per trainee per month for Non-residential program and Rs. 13000/- per trainee per month for Residential program which includes as follows: (the organization/institutes will submit. calculations on the basis of duration of program (includes SHG formation, training, fund raising, establishing backward and forward linkages and hiring of management team in months)
(i) Boarding/Lodging of outstation beneficiary (for whom the organization arranges the residential facility) for three months @ Rs.1500 per month. The beneficiary will also be entitled for monthly stipend (a) Rs.750 p.m.
(ii) Monthly stipend for local Non-residential trainees would be Rs.1500 per
month.
(iii) Rs. 2000/- per trainee for procurement of raw material etc. as a one time
cost.
(iv) Monthly remuneration to faculty/supporting staff etc.
(v) Other Training Costs.
(vi) Testing and certification fees.
7. Release of Funds:
(i) On approval of a project, the funds will be released in 3 installments i.e. 40:40:20+ Incentive (if applicable). Funds towards release will be disbursed directly to the PIAS by electronic transfer in the account of the PIA.
(ii) Installment pattern for fund release will be as follows:
1. 1 Installment: The first instalment (i.e. 40% of the project cost) will be released after the approval of the project and the entering into of an Memorandum of Understanding (MOU) between parties.
2.
IInd Installment: The 2nd installment of 40% of project cost will be released subject to the compliance with the following:
(a) Utilization of 60% of the 1st instalment supported by an audited utilization certificate and weekly off site (i.e. online) and monthly onsite inspection of PIA accounts by the Technical Support Agency. This checking is to ensure that weekly and monthly targets are being met. (b) Submission of year-wise audit reports for the preceding years of the project as soon as due.
ity Benefits
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