Project Monitoring and Revision
Monitoring of the project:
As it is essential to monitor the progress of each approved project, the Chairperson constitutes a committee which includes experts from outside to monitor the projects periodically as per the terms of the agreement. The recipients of financial assistance submits a progress report every six months. The report of the Project Monitoring Committee is submitted to the Chairperson. The progress of the on-going projects is periodically placed at the Board meeting.
The officers coordinating the projects funded by TDB are required to prepare a comprehensive note on each of the project monitored by the PMC. This note shall include the cost of the project, date of signing of the agreement, amount of assistance released from time to time and the product envisaged. The report shall also include, briefly, the recommendations of the PMC including its observations on technical, financial and commercial aspects. This note will be suitably incorporated as agenda for the Board meeting.
In the case where TDB receives request from the borrower for extension of the project duration and consequent rescheduling of the repayment of loan, payment of normal interest and payment of royalty, the Chairperson constitutes the Project Monitoring Committee / Committee of Experts (CoE) to examine such a request.
The Chairperson then takes an appropriate decision on the recommendations of the PMC / CoE and to carry out the necessary modifications to the loan agreement. Such cases are reported to the Board at the next meeting.