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What is PSI
The goal of PSI is to promote sustainable economic development by means of stimulating innovative pilot investments in developing countries. The project must contribute to a long term cooperation between the two companies. For that:
After the project period, the companies need to make additional investments that contribute to further growth of revenue and employment.
Fine fragrance and flavour extract manufacturing with benign solvent extraction
Muta Pakistan Project (MPP), Production and sublimation of sportswear
EUR 540,000
EUR 775,000
Project Steps
APPLICATION
EVALUATION
Monitoring
STEP 2: APPLICATION
PSI is a tender programme. This means that applications compete with one another in an open competition, held twice a year. For PSI Plus, competitions are held three times a year. In 2010, :
8 February, 23 August, always closing
Results
The PSI grant is result-based. This means that the grant will be provided in phases upon realisation of a number of results. In the application form you are asked to divide your project into a maximum of five clearly defined results, grouped according to activity and spread over the duration of the project. These general results should then be divided into more detailed sub-results with corresponding means of verification.
STEP 3: EVALUATION
This assessment will take approximately 19 weeks. The application must have a sufficient score on each of the three main categories of criteria (Partners, Project and Impact). Apart from a good overall score on the main criteria, there are a few sub-criteria which are considered crucial. Applications will be rejected if they fail to meet the criteria on financial standing of the partners (1E), innovative character of the project (2B), potential for growth of the project after completion (3A), chain effects (3D), environmental impact (3E), or position of women(3F). The maximum project duration is 30 months.
Step 5: Monitoring
During the course of the project, NL EVD International will monitor project progress on the basis of the progress reports provided upon completion of the results, or at least every six months if the period between two results is longer than six months. Regular visits to the project location and to the partners also constitute part of the monitoring process. A Project Advisory Committee (PAC) meeting will be organised at least once a year to discuss project progress. This meeting will be attended by the applicant, the local partner, possible third partners and the PSI Project Officer. The Dutch Embassy of the country in question and the local authorities will also be invited to these meetings.