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The release of fund to the Industry partner under the RTD Model would be as per the below mechanism:

  • First Instalment
    • 30% of the training fee can be released as advance against a 110% Bank Guarantee (BG) at batch commencement for the entire batch size.
    • If advance is not taken - 30% of the training fee shall be provided on completion of 1/3 rd. of completion of training of the beneficiaries or 1 month whichever is later for all the candidates. For the same to be effective a minimum of 80% of the attendance of  the candidates recruited for training against the covered duration of the course (in hours) should be achieved.
  • Second Instalment

    40% of the training fee shall be provided for those candidates who successfully undergoes the final assessment by the BSDM authorized Assessment & Certification Agency post adjustment of the 30% paid during 1st instalment  (paid earlier either as advance or post completion of 1/3rd of the training duration) for all those failed candidates.

  • Third Instalment

     10% of the training fee shall be released against all the certified candidates after a minimum of 80% of the batch has been placed.

  • Fourth Instalment

    The remaining amount equivalent to 20% of the training fee shall be released once the completion of tracking and compliance is fulfilled for a period of 12 months post placement.

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