National Capital Region Planning Board
( MINISTRY OF HOUSING AND URBAN AFFAIRS, GOVERNMENT OF INDIA )
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Finance - Roles and Functions

The duties and functions of the Finance and Accounts wing at NCRPB are as follows :

Project Financing

Financial appraisal relating to infrastructure development projects

Issue of sanction letters for release of loan installments.

Disbursement of loan to the Participating States and their agencies for on-going and new projects

Monitoring the recovery of loans/ penal interest by following vigorous pursuance and monitoring system and clearance of old outstanding dues.

Financial verifications of the progress as well as Utilization Certificate of various infrastructure development projects & submission of reports.

Intrest & instalment of principal payment to multilateral & bi-lateral agencies like ADB & KFW.

Submission of reports/ returns

Submission of reports/ returns to Ministry/ Other agencies

  • Monthly return on I&EBR
  • Quarterly return on I&EBR

      -    Quarterly return on Govt. of  India Guarantee

 

Resource Mobilization & Fund Management

Manages NCRPB Fund through various sources i.e. Contribution from Ministry of Urban Development and GNCT Delhi & internal accruals

Mobilization of resources from other sources such as market borrowings and from the multilateral/ bilateral agencies

Monitoring and coordinating Technical Assistance (TA) for capacity development and project preparation by multilateral and bi-lateral agencies.

 

Budgeting

Preparation of Outcome Budgets and Budget Estimates & submission to Govt.

Maintenance of Loan Accounts

  • To open and maintain loan accounts of the project and implementing agencies,
  • To prepare loan repayment schedule for the principal amount outstanding and interest thereof and forward them to the loanee/implementing agencies,
  • Receipt of loan repayments- principal and interest and posting them in the corresponding loan account ledger,
  • Watching repayments and issue of letters/notices in case of delayed recoveries indicating penal interest due,
  • Monitoring of recoveries of prepayment charges, penal interest charges and other charges/fees relating to loans and accounting thereof and,
  • Yearly Closing of loan accounts and working out Principal Received, Interest Received, Interest Accrued and Interest Receivable Amount for inclusion in Annual Accounts of the Board.

Fund Management

  • To prepare Fund Flow Statement showing inflow and outflow on monthly basis and work out net surplus,
  • To invest net surplus as per the investment policy of the Board,
  • To process the case for empanelment of banks as per the policy,
  • To maintain Fixed Deposit Register and monitor maturity dates, receipt of maturity proceeds etc, and
  • To yearly close the register and work out Interest Accrued for inclusion in the final Accounts of the Board

Accounts and Related Aspects

Among other things, the following are key responsibilities :

- Regular maintenance of account & audit thereon by C&AG.

- Preparation & Submission of Annual Accounts and Annual Report of the Board

- Tax matters and planning - Audits for taxation etc., and several other aspects