The full form of PMG is Project Monitoring Group.
Understanding the Project Monitoring Group (PMG)
The Project Monitoring Group (PMG) is recognized as an essential institutional mechanism established in India. Its primary function is centered around facilitating the execution of large-scale projects by tackling obstacles that may arise during their development.
The Role of the PMG
Based on the provided information, the core role of the PMG is clearly defined:
- Expeditious Resolution: To quickly resolve issues and regulatory bottlenecks.
- Target Projects: It focuses specifically on projects with a significant investment threshold – those involving INR 500 crores and above.
- Geographic Scope: This mechanism is implemented in India to address challenges faced by such projects within the country.
Essentially, the PMG acts as a dedicated body to iron out difficulties and speed up the progress of major infrastructure and industrial projects, ensuring they are not stalled by administrative or regulatory hurdles.
Key Functions Summarized
Here's a summary of the PMG's key functions and characteristics:
- Mechanism Type: Institutional mechanism
- Core Activity: Resolution of issues and bottlenecks
- Resolution Pace: Expeditious (fast)
- Project Scope: Those with investments of INR 500 crores and above
- Operational Area: India
By providing a single window or dedicated platform for project proponents to highlight their challenges, the PMG aims to streamline the approval processes and remove hindrances that can cause delays and cost overruns in large projects.
