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(i)  Audit Certificale
(ii)  Annexure-A
(i)  Management letter
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O'ffice of the Mirector (eneral of Audit,
(IHole, Education and Skill Development),
Neii' I)CIIi-I 0002
AMG-I/EAP/3-61/S'TRIE(Wl)/2021-22/                               dated:-
To,
The Secretary,
STRIVE,
Ministry of Skill Development and Entrepreneurship,
Shram Shakti Bhawan, Rafi Marg,
New Delhi-110001.
Subject:-Report of the Comptroller and Auditor General of India in respect of World Bank
assisted Project-Skill Strengthening for Industrial Value Enhancement (STRIVE) Grant
Assistance for integrating and enhancing delivery quality of it is (Credit No. 5965-IN) for
the year 2020-21.
We have audited the accompanying financial statements of the Skill Strengthening for
Industrial Value Enhancement (STRIVE) Project financed under World Bank Loan No.5965
IN, which comprise the Statement of Sources and Application of Funds and the Reconciliation of
Claims to Total Appropriation of funds for the year ended March 2021. These statements are the
responsibility of the Project's management. Our responsibility is to express an opinion on the
accompanying financial statements based on our audit.
We conducted our audit in accordance with the Auditing Standards promulgated by the
Comptroller and Auditor General of India. Those Standards require that we plan and perform the
audit to obtain reasonable assurance about whether the financial statements are free of material
misstatement. Our audit examines on a test basis, evidence supporting the amounts and
disclosures in the financial statements. It also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall statement
presentation. We believe that out audit provides irasonable bAsis for our opinIon,
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In Our Opinion, the financial statements presellt fairly. in allI matecr11ial respect. the sources
and applications of limds of Skill Streligtlienliig for I ind ust rial Value Enhaneet
(STRIVE) Project for the year ended Mmach 2021 inl accordaice with (overmeinlt of India
accounting standards.
in  addition  in  our  opinion  (9)  with  respect to  So().s, anounting  to
Rs. 304.92 crore adequate supporting docmeltation has )ccl maintained to support claims to
the world Bank for reimbursement of expenditUrC incurred and (b) except for ineligible
expenditure of Rs 258.34 crore as detailed in Annexure-A to the report, all expenditure are
eligible for financing under the Loan/Credit Agreement.  During the course of audit,
SOEs/FMRs and the connected documents were examined, and these can be relied upon to
support reimbursement under Loan/Credit Agreement.
This report is issued without prejudice to CAG's right to incorporate audit observations
in the Report of CAG of India for being laid before Parliament.
Directo  A   -I)    I-
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ø t [   Ieligible exi e
3,04,92.12,3ll
- 04
7,21,281
Para 2 (CIaim witolt
otlaligibe, UCSo)           2, 58,34,43,792   2,58,34,43,792
Total Inligiblce                                  46,57,68,519
Net BCmalnce
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Para 01. Claims of Rs. 7.21 lakh (0.07 [d g l
KNPG xs project ianagemenlt  nUHiS i fe:; durili Ilie peCii1d I l
reimiibursmtclc  on accout of)Lt ol pocket epene meurrd wile trae i c
Rs, 7.21 Likh  (0.07 crorc). Supporting  ilct il i .e. 01m, ili totr pri i . 'Vlc ol 011( !ciI
Air ticket. Food 1l, Ilotel Acconimodatiol vwc not 1,0fo(d e sed v,i i c [(  i i
absence ot w hich the expenditure u1 Rs7 1 Iak coild not be verilied ii tt.
-_OPE Exp ene
liill No 00Amout
168                  527489
0000002189                         -      _-_-_169241
CP00001400                10357031                  24551
Totail34333017 __                                   721281
Para2: Claims without obtaining UCs
Serutiny of records revealed that an amount of Z 281.44 erore was disbursed as Grant-in-
under M1-1 2230. 3601 and 3602 during the yeay 2020-21, against whieh only thircen  l '0 -u
23.17 crore have been received by MSDE. Audit observed that out o, total expeIndiure a
Rs.281.44 crore only 23.17 erore is admissiblor reimbursement and the remlaning alnoul
cannot be treated as expenditure on scheme-STIKAVE and will oniv be treated as expenditure m
the UCs for the sane will be received. l lence. in amount of  Rs. 258.27 crorc is disallowed lor
the clain from the World Biank.
30
Direto (A M G-ne
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