The SSA-wise and technology-wise representative rates at which front loaded and equated annual subsidy is disbursable are given in Part IV 'Financial Conditions' of the Agreement.
The USP shall receive subsidy from the date VPT is installed and made functional. The equated annual subsidy payable quarterly in arrears shall be given upto a maximum period of 5 years from the date VPT is installed and made functional. The USP shall be eligible to submit the claim for FLS at the end of the quarter in which VPT is installed and made functional. The quarterly subsidy claims will be submitted by USP in the prescribed form and the Annexure/Attachments thereto within 30 days from the close of the quarter. The claims should be duly certified with an Affidavit by a representative of the USP duly authorized by a resolution of the Board of Directors. The quarterly statements of subsidy claims shall be required to be audited by the Auditors of USP and the report of the Auditors to be filed with the Administrator within seven days of the signing of the Audit Report but not later than 30th September of the following year.
The subsidy from the USOF shall be disbursed in four quarterly installments during each financial year. Each installment shall be disbursed quarterly in arrears.
Subsidy for a quarter shall be disbursed after making adjustments, if any, for the payments made in the previous quarter. Final adjustments, if any, in respect of excess or shortage in the subsidy disbursed shall be made in the following year based on the quarterly statements duly certified by the Auditors of the USP.
In case total amount disbursed for a financial year based on quarterly self assessment claims of the USP results in excess payment by more than 10% of the actual subsidy due to him, the entire amount of excess payment shall be recovered along with an interest at the prime lending rate of State Bank of India prevalent on the day the respective disbursement was made
In cases of faults for more than 7 days in a quarter, the subsidy shall be deducted proportionately for the total number of days VPT remained faulty during the quarter. In cases, however, where the VPT remains faulty for 45 days or more in a quarter, no subsidy for the entire quarter shall be allowed.
VPTs that remain disconnected on account of non-payment and VPTs that register no incremental meter reading during the entire quarter shall not qualify for any subsidy support for that quarter
Claims from QE December 2007 onwards should contain a list of NIMR/Closed/DNP Nos.
Subsidy claim from QE June 2008 onwards should be certified by concerned GM/DGM (TR) to the effect that information furnished in the claim tallies with billing record
BSNL is the lone USP under this Agreement; as such no PBG is required as long as it is a 100% Govt. owned company.
Roll Out conditions modified vide USOF-Technical letter no. 30-130/2007-USF/ Vol VIII dated 04.02.2009, circulated vide USOF-Finance letter no.