Mode of Financing. (i) The approved cost of the project is <Total outlay>. The entire project cost will be funded by MoP through the coordinating agency namely CPRI.
(ii) In case the project gets completed in less than the approved cost of <Total outlay>, the unutilized amount with interest accrued if any shall be refunded to CPRI.
(iii) The grant-in-aid will be disbursed through Public Finance Management System (PFMS) as mandated by the MoP, GoI.
Mode of Financing. 5.1 The approved cost of the project is Rs Amount Lakhs. The project cost will be funded by MoP through the coordinating agency namely CPRI.
Mode of Financing. TRUSTS
1. A certified true copy of the Trust Deed ‐ In case of discretionary trusts, written confirmation will be required from the present trustees that the trust is a discretionary trust, together with the first page and the page showing the list of beneficiaries of the trust.
2. Certificate of registration of the trust (where applicable).
3. Confirmation from the present trustees for the following: I. Name of the trust
Mode of Financing. The Facility is made available to you by the Bank based on the Shariah concept of the Commodity Murabahah. Under the arrangement of Commodity Murabahah and the Bank’s financing procedure, the arrangement is concluded in the following manner:-
(a) Purchase of the Commodity by the Bank.
(i) Upon submission of disbursement request to the Bank, the Bank shall proceed to purchase the Commodity for an amount equal to the Bank’s Purchase Price.
(ii) The Commodity shall be Shariah compliant goods as provided in the Bank’s website.
(b) Purchase of the Commodity by the Customer from the Bank Following the conclusion of the commodity transaction under Section 2(a) above, you shall purchase commodity (“Commodity”) from the Bank at the Deferred Sale Price in accordance to the terms and conditions contained in the Letter of Offer and in this Agreement.
(c) Execution of Commodity Sale Agreement Contract Following to Item (b) above, you shall execute the Commodity Sale Agreement at the Deferred Sale Price (“Purchase Transaction”) based on the Contracted Profit Rate on deferred payment terms subject to the terms and conditions of the Letter of Offer.
(d) Sale of the Commodity by the Customer Upon the conclusion of the Purchase Transaction, you may then sell the Commodity to a third party equivalent to the Purchase Price (“Sale Transaction”). Purchase Transaction and Sale Transaction are collectively referred to as “Commodity Transaction”.
(e) Nature and Scope of agency Pursuant to your acceptance of the terms of the Letter of Offer, you appoint the Bank as your agent to conclude the Commodity Transaction as follows:
Mode of Financing. 1. The approved cost of the project is Rs. 28.00 lakhs. The entire project cost will be funded by MoP through the coordinating agency namely CPRI.
2. In case the project gets completed in less than the approved cost of Rs. 28.00 lakhs, the unutilized amount with interest accrued if any shall be refunded to CPRI.
