One coordinator should be assigned from government.
Management of the PMU/SPV will be done by a committee comprising of the representative nominated by DFW & AD. NABARD and PPP agency.
PMU/SPV will operate in accordance with the provisions of agreed SOPs between PPP agency and management committee.
The various agreed transaction charges and service charges will be included in the SOP.
The SPV/PMU will operate on the basis of self sustainability. However, for initial expenditure, provisions available in new scheme for FPO promotion can be utilized.
SPV/PMU will hold its separate account operated by PPP agency. However, CA audit report should be submitted to the management committee on regular basis to ensure the compliances of the agreed SOPs.
PPP agency will be responsible for conducting business summits , marketing, branding and other activities for enhancing sustainability and adequate business collaborations with FPOs.
PMU/SPV will ensure the statutory and legal compliances of the FPOs on agreed charges .
PPP agency should generate operational funds through business transaction fee, service charges, CSR and any other revenue generated by PMU/SPV.
PMU/SPV will help in extending the smooth flow of services like preparation of project reports, coordination with financial institutions and likewise services on the agreed charges.
The entire operation of the PMU/SPV will be done through a comprehensive digital platform for complete transparency in the working.
Virtual Infrastructure Setup of SPV
Implementation Structure in SPV Model
To-be Setup
In schemes which promote business organizations such as FPOs, the support setup should be designed and enabled in such a way that, after the end of scheme, it should continue to run on self sustainable basis.
There should be proper instrument (SPV) for formal integration of all stakeholders on long term basis.
The support setup should follow a well defined SOP in all its activities and commercial transactions.
There should be a comprehensive virtual infrastructure integrating all the stakeholders covering their activities, operations and transactions.
For sustainability in FPO operations, there should be seamless and continued availability of business operation support and facilitation services.
There should be seamless integration of business entities with FPOs.
Effective integration of startups and academia for bringing innovations in FPO business operations.
Convergence of government schemes and provisions.
Convergence of CSR and funding agencies’ services.
