Past experiences show that a large number of off-grid electrification projects fail because focus is generally given in technical installation without paying sufficient attention to the long-term sustainability of the projects. In such projects, several important steps, which need to be followed, are not covered. Moreover, there is no standardized approach, which could be followed while formulating the off-grid electrification projects. Therefore, there is a need for developing and benchmarking the systematic approaches, which could be followed for project planning and formulation. In this paper a modest attempt has been made to develop a decision making tool which involves approaches that are to be followed for entire planning and formulation of off-grid electrification project. The standardization of processes is expected to help in accelerating the implementation of off-grid electrification projects in an effective manner while fostering to achieve the national electrification targets in a stipulated timeframe.