NABAR.D Corrsultancy ServiEes Pvt" Ltd.

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24, Raiendra Place, 1.tFloor, NABARD Building, New Delhi - 110 008
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Ref. No. NABCONS.HO./ IY EE /PTMA-1 3(CAP-U P) 12017 -1 8

21't March ,20t8

Shri S.B Tiwari
Under Secretary
Department of Rural Development
Ministry of Rural Development
Thaper House 1st Floor
West Wing, 124, Janpath
Connaught Place
New Delhi.

Dear Sir

Special project under SGSY for placement linked skill development programme
by M/s CAP Foundation - Project Closure Report - Reg.

Please refer to your letter no. J-17036/L4/2OLL SGSY SP (ll) Dated 7L/12/2017 seeking our
comments on the observations/recommendations of Internal Audit Wing (lAW). As per the
copy of recommendation enclosed with the letter, IAW has recommended release of
Rs.3,01,76,609/- to the PlA.

In this connection, our comments are as under:

1,. IAW in their calculation has not included of Rs.22,49,835/- (L.5% of

CTSA monitoring cost
Rs.14,99,89,000/-) as a part of project expenditure. Considering the CTSA monitoring cost,
the total project cost incurred by the PIA would exceed the sanctioned cost of
Rs.14,99,89,000/- (including CTSA monitoring Fees). Thus Rs.14,99,89,000/- should be
considered as base for calculation of final installment payable to the PlA.

2. IAW in their calculation has included Project overheads of Rs.33,09,652/- 1Rs.2,640,L52/-

for FY 2OL3-74 and Rs.6,59,500/- for FY 2OL4-L5 (up to 04.12.2074)l as a part of Admin.
Expenses and have considered the same in the overall limit of LO% of project cost, whereas,
as per sanction order the limit of IO% is only applicable for Admin. Expenses.
PIA in the utilization certificates submitted has reported the amount of Rs.33, 09,652/-
under project overheads only and has also submitted a certificate duly signed by chartered
accountant dated 15th Februa ry 2OL8 (copy enclosed) that the amount of Rs.33,09 ,652/- is
an expenditure towards rent and staff salaries and the same has been booked under the
head of project overheads. Actual Admin. expenses incurred by the PIA during the project
period ?OL3-?OL7 amounts to Rs,1,,27,55,027/- [Rs.1,50,54,679/- Less Rs,33,09,552/.],
WISDOM BEYOND BUSINESS
Corporate Office : 24, Rajendra Place, 1't Floor, NABARD Building New Delhi - 110 008.
Reg. Office : Plot No. C24, GBlock,3rd Floor, NABARD Building, Bandra Kurla Comple>(, Bandra East, Mumbai - 400 051
CIN No. :U74999 MH 2003 PTC 143150
Phone No.: +97- 071.4L539353, Fax No.: +91-01141539187, email : headoffice@nabcons.in , Website : www.nabcons.com
3. IAW in their calculation has calculated the allowed Admin. Expenses upto !O% of training
cost (which excludes CTSA monitoring cost and Admin. Expenses) whereas as per the
sanction order admin expenses is allowed upto IO% of Total Project cost. Total project cost
is Rs.14, 99, 89,000 /-, thus total limit for allowing Admin expenses is Rs.1,49,98,900/.
Hence, allowed Admin. Expenses should be lower of actual admin expenses incurred bythe
PIA (Rs.1,27,55,027/-l or L0% of total project cost (Rs.1,49,98,900/-).

4. IAW has considered Rs.97,O02/- being cash/bank balance available with the PIA for
recovery. Since it pertains to the unspent amount of funds from PIA's own contribution, the
same should not be considered for recovery.

ln view of above, an amount of Rs.3,20,23,675/- (Rupees Three Crore Twenty Lakh Twenty
Three Thousand Six Hundred and Seventy Five only) may be considered for payment to M/s
CAP Foundation as final installment. The calculation sheet in support of our
recommendation and covering our comments given above is enclosed (Annexure-l).

Yours faithfully

*ffi*
(B.K.Tripathy)
Vice President
Enclosure sheets: As above.
 $, Sahoa Co"
Chartered Aceountants

'Ihis is to eertily a $ufft al

Ks.Z6,4t],.1S
incurreri respectively towarcts venus
2t113-I4, Zil"t4^t5 {upro a.12.?014} antt
overhead expen$es by CAp Foundati
sGsY fcx placennent linked skill Develarpment
Training in up Diskicts sancti*:'er{ by
MOKD GOT''.

C-l
\ we have verified bOoks of accounts ancl bills si:ad recorets
as prclviciecl before us relatecl
tsr the above said project feLr veriiicaticn
to arrive at the said fignre as stated \
above.

Scn $"S*hos & Co.

Chartered Aecountants
FR No: 322952Y,

eA, Subhaiit S&hoo, FCA, I.n U

Partner
&{.Ns.S$7425
Qt
15.02.2018g
: New Delhi

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 AP
UNDATION
Linking Learning and Livelihood

TO WHOMSOEVER IT MAY CONCERN

This is to certify a sum of Rs.15,03,80,7O6/- has incurred upto 18.08.2015 towards program cost by
CAP Foundation, Hyderabad) under "special project under SGSY for placement linked Skill Development
Training in UP Districts sanctioned by MORD GOl", However we here with declare that the above said
figures does not include the monitoring fess of Rs !6,01,667 /-
(

For CAP Foundation .,*;:-;ii*..

ir,L*

Dr.Na
Chairperson Trustee.

Date: 15.02.2018
Place: Hyderabad
C,

101, Gowri Shankar Residency

53&54, Kamalapuri Colony Phase-lll
Hyderabad-SOO 073, Andhra Pradesh, India
Tel : +9 1 -40-2354 OO1 9125341 17 631 64
Fax: +9140-2354 4663
vvvvw. ca pfou n d atio n. i n
 CAP SGSY PLACEMENT LINKED UP PROJECT 2014.2015
Venue Rent
Ledger Account

1 -Apr-201 4 to 4-Dec-201 4

Paqe 1

Date Particulars Vch Type Vch No. Debit Credit

7-4-2014 To Axis Bank No 13379621 Payment 7 12,500.00
To Axis Bank No 13379521 Payment 8 10,000.00
To Axis Bank No 13379621 Payment 9 15,000.00
To Axis Bank No 13379621 Payment 10 7,500.00
To Axis Bank No 13379621 Payment 11 7,500.00
10-5-2014 To Axis Bank No 13379621 Payment 12,500.00
To Axis Bank No 13379621 Payment 34 15,000.00
To Axis Bank No 13379621 Payment 35 22,500.00
To Axis Bank No 13379521 Payment 36 7,500.00
To Axis Bank No 13379621 Payment 10,000.00
To Axis Bank No 13379621 Payment 38 14,800.00
( 6-6-2014 To Axis Bank No 13379621 Payment OY 14,900.00
9-6-2014 To Axis Bank No 1337962' Payment 74 12,500.00
To Axis Bank No 13379621 Payment 75 15,000.00
To Axis Bank No 13379521 Payment 76 7,500.00
To Axis Bank No 13379621 Payment 77 7,500.00
To Axis Bank No 13379621 Payment 78 10,000.00
To Axis Bank No 13379521 Payment 7a 14,800.00
2-7-2014 By Axis Bank No 13379621 Receipt 4 7,500.00
8-7-2014 By Axis Bank No 13379621 Receipt 5 7,500.00
12-7-2014 To Axis Bank No 13379621 Payment 106 12,500.00
To Axis Bank No 13379621 Payment 't07 15,000.00
To Axis Bank No 13379621 Payment 108 7,500.00
To Axis Bank No 13379621 Payment 109 7,500.00
To Axis Bank No 13379621 Payment 110 10,000.00
To Axis Bank No 13379621 Payment 111 14,800.00
To Axis Bank No 13379621 Payment 112 14,900.00
1-8-2014 To Axis Bank No 13379621 Payment 128 12,500.00
To Axis Bank No 13379521 Payment 129 15,000.00
( To Axis Bank No 13379621 Payment 130 7,500.00
To Axis Bank No 13379621 Payment 131 7,500.00
To Axis Bank No 13379621 Payment 132 10,000.00
To Axis Bank No 13379621 Payment 133 14,800.00
To Axis Bank No 13379621 Payment 1U 14,900.00
2-9-2014 To Axis Bank No 13379621 Payment 191 25,000.00
9-9-2014 To Axis Bank No 13379621 Payment 219 12,500.00
To Axis Bank No 13379621 Payment 220 15,000.00
To Axis Bank No 13379621 Payment 221 7,500.00
To Axis Bank No 13379621 Payment 222 7,500.00
To Axls Bank No 13379621 Payment 223 10,000.00
TO Axis Bank No 13379821 Payrnent 224 14,800.00
To Aris Barrk Nu 1337t621 Payrrtctrt 223 t4,900.00
11-10-20'14 To Axis Bank No 13379621 Payment 310 15,000.00
To Axis Bank No 13379621 Payment 311 15,000.00
To Axis Bank No 13379521 Payment 312 7,500.00
To Axis Bank No 13379621 Payment 313 7,500.00

Carried Over 5.33.600.00 15,000.00

 CAP SGSY PLACEMENT LINKED UP PROJECT 2014.2015
VenueRent LedqerAccount :
1-Apr-2014to4-Dec-2014 Paoe2
Date Particulars Vch Type Vch No. Debit Credit

Brought Forward 5,33,600.00 15,000.00

11-10-2014 1e Axis Bank No 13379621 Payment 314 10,000.00

f6 Axis Bank No 13379621 Payment 315 14,800.00
1e Axis Bank No 13379621 Payment 316 14,900.00
To Security Deposit Journal 110 25,000.00
5-11-2014 1s Axis Bank No 13379621 Payment 370 15,000.00
fe Axis Bank No 13379621 Payment 371 15,000.00
To Axis Bank No 13379621 Payment 372 8,250.00
T6 Axis Bank No 13379621 Payment 373 8,250.00
To Axis Bank No 13379621 Payment 374 10,000.00
To Axis Bank No 13379621 Payment 375 14,800.00
To Axis Bank No 13379621 Payment J/O 14,900.00

6,84,500.00 15.000.00
By Closing Balance 6.69.500.00
6,84,500.00 6,84,500.00
(

(
 CAP SGSY PLACEMENT LINKED UP PROJECT 20'13.2014
Venue Rent
Ledger Account

1 -Apr-20 1 3 to 31 -Mar-201 4

Paqe 1

Date Particulars Vch Type Vch No. Debit Credit

2-7-2013 To Axis Bank No 13379621 Payment 10 13,000.00
To Axis Bank No 13379621 Payment 11 12,500.00
5-8-2013 To Axis Bank No 13379621 Payment JV 10,000.00
9-8-2013 To Axis Bank No 13379621 Payment 56 12,500.00
11-9-2013 To Axis Bank No 13379621 Payment 112 12,500.00
To Axis Bank No 13379621 Payment 113 26,000.00
To Axis Bank No 13379621 Payment 114 10,000.00
.1?5
25-9-2013 To Axis Bank No 13379621 Payment 15,000.00
To Axis Bank No 13379621 Payment 136 7,500.00
To Axis Bank No 13379621 Payment 137 7,500.00
18-10-2013 To Axis Bank No 13379621 Payment 194
( To Axis Bank No 13379621 Payment
12,500.00
195 13,000.00
By Axis Bank No 13379621 Receipt I 10,000.00
To Security Deposit Journal 79 20,000.00
'11-11-2013 fo Axis Bank No 13379621 Payment 254 13,000.00
To Axis Bank No 1337962' Payment 255 15,000.00
To Axis Bank No 13379621 Payment zJo 7,500.00
To Axis Bank No 13379621 Payment 257 7,500.00
To Axis Bank No 13379621 Payment 258 12,500.00
7-12-2013 To Axis Bank No 13379621 Payment 285 12,500.00
To Axis Bank No 13379621 Payment 286 13,000.00
To Axis Bank No 13379621 Payment 287 30,000.00
To Axis Bank No 13379621 Payment 288 7,500.00
To Axis Bank No 13379621 Payment 289 7,s00.00
3-1-2014'To Axis Bank No 13379621 Payment 311 12,500.00
To Axis Bank No 13379621 Payment 312 13,000.00
To Axis Bank No 13379621 Payment 313 15,000.00
To Axis Bank No 13379621 Payment 314 7,500.00
To Axis Bank No 13379621 Payment 315 7,500.00
C 10-2-2014 To Axis Bank No 13379621 Payment 344 12,500.00
To Axis Bank No 13379621 Payment 345 13,000.00
To Axis Bank No 13379621 Payment 346 15,000.00
To Axis Bank No 13379621 Payment 347 7,500.00
To Axis Bank No 13379621 Payment 348 7,500.00
29-3-2014 To Axis Bank No 13379621 Payment 386 14,800.00
To Axis Bank No 13379621 Payment 387 50,000.00
To Axis Bank No 13379621 Payment 392 12,500.00
To Axis Bank No 13379621 Payment JYJ 15,000.00
To Axis Bank No 13379621 Payment 394 7,500.00
To Axls Bank No 13379621 Payment 395 7,500.00

5,16,3t10.0n 10,000,00
Closlng Balance 5,06,300.00
5,16,300.00 5,16,300.00
 Annexure-l

Cafcufation of Amount Payable to PIA ( M/s CAP Foundation ) for project no.!-L7036/t4l2olt SGSY SP (ll)
S.no Particulars Amount ( Rs ) Remarks

1, Iotal Sanctioned projcect Cost for 7900 Candidates 149,989,000 As per sanctioned letter
Less: PPS for Separate Consideration (7900
2 Candidates X Rs.2000= Rs.1,58,00,000/-) 15,800,000 As oer sanctioned letter
Less: Admin Overheads for Separate Consideration (

3 t0% of total proiect cost) 14,998,900 As per sanctioned letter

Less: CTSA Monitoring Cost for separate consideration
4 (1.5% of total project cost) 2,249,835 As per sanctioned letter

5 Training Cost (1-2-3-4) tL6,94O,265

6 PPS Actually Paid by the PIA 9,234,000 As per UCIAR
Lower of !O% of Project Cost (
Rs.1,49,89,000/-) or Actual expense
Considered for Admin Expenditure 1,2,755,027 incurred by PlA.
Total amount payable to PIA ( Excluding CTSA
8 Monitoring Fees) [ 5+6+7] 138,929,292
CTSA Monitoring Fees
9 ( Rs L3,89, 29,292 / 98.5%)x 1..5%) 2,r15,674
Total amount payable to PIA ( Including CTSA
10 Monitoring Fees) [ 8+9] 1,41,,044,966

Amount Released to PIA ( including CTSA Monitoring

1.1 Fees ) L06,777,L34
12 Recovery on account of Interest 2,244,1_57
Total amount already released including interest (

13 It+l2l tog,o2l,29t

Balance amount payable to PIA (lncluding CTSA

1.5 Monitoring Fees) [10-13] 32,023,675