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FORM III FORMAT OF UTILIZATION CERTIFICATE UNDER THE SCHEME OF ONE PERCENT INTEREST SUBVENTION ON HOUSING LOANS UNTO RUPEES TEN LAKH, OF MINISTRY OF FINANCE, DEPARTMENT OF FINANCIAL SERVICES, GOVERNMENT
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How to fill out format of utilization certificate

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How to fill out the format of utilization certificate?

01
Start by entering the name of the organization or institution issuing the certificate.
02
Next, provide the details of the project or activity for which the utilization certificate is being issued. Include the project name, duration, and any other relevant information.
03
Specify the total amount of funds allotted for the project or activity, along with the dates of receiving the funds.
04
Break down the utilization of funds in a systematic manner. List all the expenses incurred during the project, such as equipment purchase, salaries, travel expenses, etc. Make sure to mention the amount spent on each item and the purpose of the expenditure.
05
Calculate and mention the total amount utilized from the funds received.
06
Indicate any unspent amount, if applicable, and provide a valid explanation for the same.
07
Include supporting documents such as invoices, bills, receipts, and vouchers to corroborate the expenditure mentioned in the utilization certificate.
08
Once the certificate is filled out, it should be signed and dated by an authorized individual or representative of the organization.

Who needs the format of utilization certificate?

01
Government organizations: Government bodies often require utilization certificates to ensure that the allocated funds are being utilized appropriately.
02
Non-profit organizations: NGOs and other non-profit organizations may need utilization certificates to report on the proper utilization of grant funds.
03
Donor agencies: Donors providing funds for specific projects may request utilization certificates to monitor the utilization of their contribution.
04
Financial institutions: Banks or financial institutions that have provided loans or financial assistance may require utilization certificates to track the progress of the project and ensure the proper utilization of funds.
05
Audit teams: Audit teams or auditors may request utilization certificates during their financial audits to verify the accuracy and validity of the organization's financial records.
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The format of utilization certificate typically includes details about the funds received, expenditure incurred, and the purpose for which the funds were utilized.
Organizations or entities who have received funds from a specific source are usually required to file a utilization certificate.
The format of utilization certificate should be filled out accurately by providing detailed information about the funds received, expenditure incurred, and the purpose for which the funds were utilized.
The purpose of utilization certificate is to provide a detailed account of how the funds received have been utilized by the organization or entity.
The information to be reported on utilization certificate includes details of funds received, expenditure incurred, and the purpose for which the funds were utilized.
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