Direct Answer
The SPV is the legal body representing the cluster members. It is mandatory for executing Hard Interventions.
Breakdown:
Legal Structure (Statement I): The SPV must be a clear legal entity (e.g., Section 8 Company, Cooperative Society, Registered Society, or Trust). It must have a positive track record of collaboration.
Ownership (Statement II): The assets created (Plant, Machinery, Building) and the land for the CFC are typically owned and managed by the SPV. The Government grant is transferred to the SPV to create these assets, which the SPV then operates on a sustainable revenue model (charging User Fees).
Breakdown:
Legal Structure (Statement I): The SPV must be a clear legal entity (e.g., Section 8 Company, Cooperative Society, Registered Society, or Trust). It must have a positive track record of collaboration.
Ownership (Statement II): The assets created (Plant, Machinery, Building) and the land for the CFC are typically owned and managed by the SPV. The Government grant is transferred to the SPV to create these assets, which the SPV then operates on a sustainable revenue model (charging User Fees).