Output Based Fund (OBF).
This fund will provide fixed incentive grants in the range of 20% of the retail cost of the system to the grantees, per each eligible system installed and verified. This support will enable the firms to finance the required investment in people, training, advertising, processes, and logistics inclusive of gender workforce integration and disaggregation as informed by the NEP gender program. The grant amount will be fixed for each system size/level of service category and revised periodically aiming to continually reduce it over the life of the program.
An Independent Verification Agency will be engaged by REA-PMU to carry out the verifications of claims submitted by the participating solar companies. The companies can submit claims as frequently as once per month by logging the required information on the online platform (details to be provided to successful applicants). The minimum threshold requirement is sales of at least 150 systems per month.
The online application for OBF will remain open to apply on a rolling basis.