Total A + B Milestones/Timelines S. Milestones Month of Month of end Required No. start of of activity financial input activity (Rs. In Lakhs) 1. Acceptance of Undertaking under GLA And (30% of SBIRI and 30 % Fulfillment of fund release Company of requirements Company input if any ) 2. Status report on ( Technical Milestone to be (20% of SBIRI specified) and 20 % And Company of Submission of UC/SOE for the Company input if corresponding milestone any ) certified by internal finance. 3. Status report ( Technical Milestone to (20% of SBIRI be specified) and 20 % And Company of Submission of UC/SOE for Company input if the corresponding milestone any ) certified by internal finance. 4. Status report ( Technical Milestone to (20% of SBIRI be specified) and 20 % And Company of Submission of UC/SOE for the Company input if corresponding milestone any ) certified by internal finance. 5. Submission of final completion report and consolidated Utilization Certificate (UC) and (10% of SBIRI Statement of Expenses (SOE) and 10 % certified by internal finance. Company of Company input if any ) Note:- Utilization Certificate (UC) and Statements of Expenses (SOE) duly audited by a chartered accountant for the expenditure incurred towards the Project for every half
Total A + B Milestones/Timelines S. No. Milestones Month of start of activity Month of end of activity Required financial input (Rs. In Lakhs) 1. Acceptance of Undertaking under GLA And Fulfillment of fund release requirements (30% of SBIRI and 30 % Company of Company input if any ) 2. Status report on ( Technical Milestone to be specified) And Submission of UC/SOE for the corresponding milestone certified by internal finance. (20% of SBIRI and 20 % Company of Company input if any ) 3. Status report ( Technical Milestone to be specified) And Submission of UC/SOE for the corresponding milestone certified by internal finance. (20% of SBIRI and 20 % Company of Company input if any ) 4. Status report ( Technical Milestone to be specified) And Submission of UC/SOE for the corresponding milestone certified by internal finance. (20% of SBIRI and 20 % Company of Company input if any ) 5. Submission of final completion report and consolidated Utilization Certificate (UC) and Statement of Expenses (SOE) certified by internal finance. (10% of SBIRI and 10 % Company of Company input if any ) Note:- Utilization Certificate (UC) and Statements of Expenses (SOE) duly audited by a chartered accountant for the expenditure incurred towards the Project for every half
2SBIRI_Final_GLA_template_Company_is_the_only_party_and_receiving_fund_from_BIRAC.docx