The duties and functions of the Finance and Accounts wing at NCRPB are as follows :
Financial appraisal and sanction of projects 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
Submission of reports/ returns
Submission of reports/ returns to Ministry/ Other agencies
- 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.
Preparation of Annual Plan
Preparation of Performance Budget and Outcome Budgets and Budget Estimates and submission to Govt..
Maintenance of Loan Accounts
Accounts and Related Aspects
Among other things, the following are key responsibilities :
- Regular maintenance of account
- Preparation & Submission of Annual Accounts and Annual Report of the Board
- Tax matters and planning - Audits for taxation etc., and several other aspects