Section 5 in Energy Conservation (Venture Capital Fund for Energy Efficiency) Rules, 2017
5. Duration and amount of the fund.
(1)The total life of the fund shall be ten years from the date of commencement of the project.(2)The administrative expenses shall not exceed five percent of the corpus provided the interest earned on fund corpus and dividends earned on the investments shall also be utilised for meeting administrative expenses related to Venture Capital Fund for Energy Efficiency.
