Public Investment Board (PIB)
- Institutional Identity: The PIB is the nodal body responsible for examining and recommending the feasibility and financial viability of large-scale investment proposals by Central Government Ministries and Public Sector Undertakings (PSUs).
- Administrative Oversight: It functions under the Department of Expenditure, Ministry of Finance. It is typically chaired by the Secretary (Expenditure).
- Mandate: Its primary role is to ensure that public money is spent efficiently by vetting projects that exceed a specific financial threshold (currently, projects costing ₹500 crore and above generally require PIB clearance before being sent to the Cabinet for final approval).
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