Email https://email.gov.in/h/printmessage?id=53465 1 &tz=Asia/Kolkata.. Email Atul Ku mar Tiwari DIS-2035014 - 4 2023-24 fiW Zf 171fil f fZ'R "World Bank assisted Project-Skill Strengthening for Industrial Value Enhancement (STRIVE) Project" 4ft From : CAG-OIOS notifications Fri, Sep 20, 2024 12:41 PM ep2 attachments Subject : DIS-2035014 - -q4 2023-24 E ft afZf 2 "World Bank assisted Project-Skill Strengthening for Industrial Value Enhancement (STRIVE) Project" Y To : secy-msde@nic.in nt Cc : punit kumar , juhi m Dear Madam/ Sir, Sir/Madam, SDG (T) Warm Regards, FTS No2%.m8 GEETA NEGI, e. Senior Audit Officer 2 (AMG-I), Please do not reply, this is system generated email. - DIS-2035014_Official_CC_20092024122300.pdf 91 KB STRIVE IR 2023-24.docx 18 KB 1 of 1 20-09-2024, 15:4 Ltr No: Director AMG- 1/2024-2025/DIS-2035014 Date: 20 Sep 2024 To, 4 fje4f g 4oooi Subject: 14 2023-24 UF Zf &Riaft 2 f&-q "World Bank assisted Project-Skill Strengthening for Industrial Value Enhancement (STRIVE) Project" 80 f T1iftIlid1ql/TFq Sir/Madam, Sir/Madam, 403 fth1 1r n afPm 3i fft * aaTcT Vqr ft -F -4 affqT fbut Wt Yours faithfully, Encls: As above GEETA NEGI Senior Audit Officer 2 (AMG-I) Copy to:- Ltr No : Director AMG- 1/2024-2025/DIS-203 5014/C 1/For Information 1 #ZsfF f rRE, f4f #4 t4 1i 4 fkFcft 110001 Ltr No : Director AMG- 1/2024-2025/DIS-2035014/C2/For Information 2 ffT41 (ADB) 49fF -Jar ZF f43rT, 110 001 at fdkFfr 110001 To, The Secretary, Ministry of Skill Development and Entrepreneurship, Shram Shakti Bhawan, Rafi Marg, New Delhi-110001 Subject: Audit report/opinion in respect of World Bank-assisted Project-Skill Strengthening for Industrial Value Enhancement (STRIVE) Grant Assistance for integrating and enhancing the delivery quality of ITIs (Credit No. 5965-IN) for the year 2023-24. We have audited the accompanying financial statements of the Skill Strengthening for Industrial Value Enhancement (STRIVE) Credit No. 5965-IN, which comprise the Statement of Sources and Applications of Funds and the Reconciliation of Claims to Total Appropriations of Funds for the year ended March 2024. These statements are the responsibility of the Project's management. Our responsibility is to express an opinion on the accompanying financial statement 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 our audit provides a reasonable basis for our opinion. In our opinion, the financial statements present fairly, in all material respects, the sources and application of funds of Skill Strengthening for Industrial Value Enhancement (STRIVE) Credit No. 5965-IN for the year ended March 2024, in accordance with Government of India accounting standards. In addition, in our opinion, (a) with respect of SOEs, adequate supporting documentation has been maintained to support claims to the World Bank for reimbursements of expenditures incurred; and (b) except for ineligible expenditures as detailed in the audit observations, if any, appended to this audit report, expenditures of Rs. 6,21,68,083/- as detailed in Annexure A are eligible for financing under the Loan/Credit Agreement No. 5965-IN. During the course of audit, SOEs/FMRs and the connected documents were examined and these can rely upon to support reimbursement under the Loan Agreement. This report is issued without prejudice to CAG's right to incorporate the audit observations in the Report of CAG of India for being laid before Parliament. Director (AMG-III) Annexure A Amount of expenditure of STRIVE verified by audit (Amount in Rs.) Claim as per Statement of 2023-24 233,51,87,236 Expenditure for the year 2023- 24 Claim in SOE of expenditure 2018-19 3,28,000 disallowed in previous years 2019-20 5,27,334 2020-21 7,21,281 2021-22 1,76,230 2022-23 14,72,502 Total Claim as per Statement of Expenditure 233,84,12,583 Claim verified during audit 621,68,083 (2023-24: Rs.5.98,40.247) (2022-23: 14,72.502) (2019-20: 5.27.334) (2018-19: 3,28.000) Net Balance 227,62,44,500 The expenditure on account of Grant-in-aid of Rs. 227,53,46,989 (Rs. 152,92,00,000 to States and Rs. 74,61,46,989 to NIMI Chennai & others) is subject to audit conducted by the concerned State AGs/PD offices. Further the claim of expenditure of previous year 2020-21: Rs. 7,21,281 and 2021-22: Rs. 1,76,230 could not be verified as vouchers were not provided. Scrutiny of Interim Un-Audited Financial Reports regarding claim for activities under Technical Assistance for the quarter of January to March 2023 under STRIVE IDA Credit no. 5965-IN revealed that Rs. 54139151/ - was claimed from the World Bank against the payment of Rs. 658,14,337/- made to KPMG & IIM Indore (as per PFMS) during the financial year 2022-23. This resulted in under claim of reimbursement amount of Rs. 116,76,186/-. The lesser claim needs to be claimed from the world bank under intimation to audit. In this regard Half margin no. 01 dated 30.07.2024 was issued. In response NPIU submitted that the said amount will be claimed in Interim Unaudited Financial Report (IUFR) along with quarter 1 of FY 2024-25 under intimation to audit.