A centralized and unified real-time web portal expedites the execution of all project processing and decision-making pocedures, and is an invaluable asset to the successful implementation in this day and age. The lack of coordination among various branches across the different zones of India hampered the operations of the tranche 1 project. A beta version of a unified central web portal for the entire investment program that was put in place was not able to minimize the operational hurdles faced by PNB, due to the lack of institutionalization across all branches. All steps in the subloan processing—from loan applications to sanction-disbursement and post-implementation monitoring—could have been easier accomplished through that portal. This could have substantially enhanced online decision-making and application tracking by both the PMU and subloan borrowers, thereby ensuring smooth and transparent operations. However, PNB chose to use and relied on its in-house IT systems to monitor, disburse, and implement the subprojects under tranche 1.
Solar Rooftop Investment Program - Tranche 1