MCQ: Project Monitoring Group (PMG) set up by the Government of India in the Cabinet Secretariat is now merged with: (IRIFM 1001 MCQ)
Expenditure Division of MoF - Ministry of Finance
Infrastructure Division of MoF
MoSPI - Ministry of Statistics & Programme Implementation
DPIIT - Dept for Promotion of Industry & Internal Trade
Correct Answer: D
🧱 Project Monitoring Group (PMG)
• PMG is an institutional mechanism to monitor and expedite resolution of bottlenecks in large projects (investment ₹500 crore and above).
• It was set up in 2013 as a special cell in the Cabinet Secretariat, Government of India to address implementation delays in both public and private projects.
• In 2015, the PMG was brought under the administrative control of the Prime Minister’s Office (PMO) to strengthen its coordination and problem-solving capacity.
• In February 2019, PMG was merged into Invest India, which functions under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry.
• PMG now uses a portal and milestone-based monitoring system to track project progress, identify delays, and intervene with ministries or states to resolve issues.
• It works with central ministries, state governments, and project proponents to reduce time and cost overruns in large infrastructure projects.
📌 Invest India – Key Facts
• Invest India is the National Investment Promotion and Facilitation Agency of the Government of India.
• It was established in 2009 as a not-for-profit venture to promote and facilitate investment into India.
• It operates under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry.
• Invest India acts as the first point of contact for investors, helping them understand the Indian market, policies, and clearances required for projects.
• It hosts multiple government initiatives such as Make in India, Startup India, AGNii, and PMG, bringing them together for coordinated facilitation and monitoring.
• Within Invest India, PMG’s role is to monitor big projects, resolve issues, and ensure timely completion of key infrastructure initiatives.
Key Points for MCQ - PMG:
Stands for Project Monitoring India
Monitors large projects valuing Rs. 500 Crores and above
Set up in 2013
Now merged into Invest India, which functions under DPIIT
DPIIT stands for Dept for Promotion of Industry & Internal Trade
DPIIT is functions under Ministry of Commerce & Industry
Old name of DPIIT is DIPP - Dept of Industrial Policy & Promotion
Invest India - National Investment Promotion & Facilitation Agency of the Govt of India - established in 2019 as a Not for profit venture - operates under DPIIT
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.