Common use of Mode of Financing Clause in Contracts

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.