RFP for Appointment of Independent Monitoring Agency in National Skill Development Fund to monitor the activities undertaken by National Skill Development Corporation for Ministry.

About Ministry of Skill Development & Entrepreneurship

The Ministry of Skill Development & Entrepreneurship (MSDE) is the apex governmental body responsible for enhancing employability of the youth through skill development. The skill ecosystem in India, is seeing some great reforms and policy interventions which is reinvigorating and re-energising the country’s workforce today. It is preparing the youth for job and growth opportunities in the international market. The core objective of the Ministry is to empower the individual, by enabling her/him to realize their full potential through a process of lifelong learning where competencies are accumulated via instruments such as credible certifications, credit accumulation and transfer, etc

Eligibility Criteria

The proposals will be evaluated based on the technical and financial details submitted by the bidder. First the technical bid shall be evaluated as per the criteria specified below:

• The bidder must be a company registered as debenture trustee in India and regulated by SEBI
• The bidder must not be blacklisted by any Central/State Government (Central/State Government and Public Sector) or under a declaration of ineligibility for corrupt or fraudulent practices
• The applicant should have a Net Worth (Paid up Share Capital plus Free Reserves less Accumulated losses / Fictitious assets) of atleast rupees 30 crores for each of the financial years 2014-2015, 2015-16 & 2016-17
• The responding Company should have made net profit for atleast last two financial years as revealed by audited balance sheet for year
• Bidder should have experience of fund administration/trusteeship involving administration of funds upto Rs.5000 crores with minimum number of funds administered being 50
• Bidder should have prior experience of Handling assignments/projects of large National Level(Government and others) Funder in the area of Prudential Oversight and Monitoring
• The bidder must have on its rolls consulting staff of at least 30 technically qualified personnel in the area of consulting services for Program/Project Management, Financial Management qualified in legal/financial discipline.

Last date for Submission

The Bids (Technical and Financial) must be submitted on line not later than 2.00 PM, 25^th October, 2017. In the event of the specified date for the submission of Bids being declared a holiday for MSDE, the Bids will be received up to the appointed time on the next working day.

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