The release of fund to the R-T-D 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
30% of the training fee – On passing the final assessment by the BSDM authorized assessment & certification agency – for the passed candidates only, post adjustment of the 30% (paid earlier either as advance or post completion of 1/3rd of the training duration) for candidates who did not pass the assessment.
- Third Instalment
20% of the training fee – For all the certified candidates after a minimum of 80% of the batch has been placed.
- Fourth Instalment
20% of the training fee – For all the certified candidates this amount will be paid post the 12 month tracking completion and compliance.