(1) The Project Entity shall be responsible for the execution as well as Operation & Maintenance of the projects during the useful life thereof.
(2) The Project Entity shall also submit the monthly progress reports of the completion of the scheme(s), along with the reasons for delays, if any, and the remedial measures proposed to be taken to mitigate such delays as well as the revised cost, completion targets and/or scope, to the Nodal Agency on monthly basis.
(3) The Project Entity shall also submit quarterly reports about the successful functioning of the project/scheme along with the benefits accrued from the project/scheme to the Nodal Agency so as to enable the Nodal Agency to evaluate the benefits accrued from such scheme(s) and submit the same to Monitoring Committee on a quarterly basis.