Transcript Tripura Minorities Co-Operative Development Corporation

Tripura Minorities Co-Operative
Development Corporation Ltd.
(T.M.C.D.C.L.)
Lake Chowmuhani, Agartala
West Tripura.
INTRODUCTION
 The Tripura Minorities Cooperative Development Corporation Limited
(TMCDCL) was set up on 28th February 1997 as per guideline of
Ministry of Minority Affairs, Govt. of India.
 Registered under the Tripura Cooperative Societies Act’1974 vide
registration No-1845.
 Functioning under the Administrative control of the Minorities Welfare
Department, Govt. of Tripura.
 Authorized Share Capital Rs.50.00 cores. The Share Capital comprised
of 2.50 lakhs (two lakhs fifty thousand) @ Rs.10/- each for the
individual members termed as “A” class share and 4.975 lakhs shares of
Rupees One thousand each termed as “B” class share issue of which
limited to Govt./PRIs/ULBs/PSUs/FIs etc.
 Paid up share capital as on 31/03/2014
No of “A” class share
= 1970 nos = Rs. 3.84 lakhs.
No of State Govt.“B”class share=24,695 nos = Rs. 246.95 lakhs.
Total = Rs. 250.79 lakhs
O B J E C T I V E S
1. To acquire/purchase of land or property and to develop khash lands
on getting allotments from Government, take up settlement of
Minorities on Agricultural/ Plantation based occupation either on it’s
own or through specific agencies.
2. To help the Minorities in getting proper price for their Agro-Forest
surpluses and products of Vocational trade .
3. To take up various programme for economic development of
Minorities through vocational trades, Industries & self employment
opportunities in the form of loan.
4. To facilitate in securing institutional finance for bankable scheme in
favour of Minorities.
5. To implement any scheme for economic & educational development
of the Minorities.
S T R A T E G I E S
1) Taking refinance from National Minorities Development & Finance
Corporation (NMDFC) on simple interest @ 3.5% per annum in
respect of term loan and simple interest chargeable on the
beneficiary by TMCDC 6% as per guide line of NMDFC.
2) Taking refinance from NMDFC an account of Education loan at a
simple interest of 1% per annum but simple interest chargeable on
the beneficiary by the TMCDC @ 4%.
3) Target group of beneficiaries both for Term & Education loan are the
persons belonging to Minority Communities and living below double
the poverty line i.e families having annual income less than
Rs.81,000/- in Rural Areas and Rs. 1,03,000/- in Urban Areas
categorized as below double the poverty line as per guidelines of
NMDFC.
ADMINISTRATIVE SETUP - TMCDCL
Board of Director
Chairman
 Elected Member – 8 nos including Chairman
Nominated Member – 3 nos
Secretary ,MW- Member
b) Director , MW- MD
c) One Representative of NMDFC
 General Manager
STAFF
a)
i)Accountant – 1 (On contract basis) (ii) Cashier -1 on deputation
(iii) Loan investigator – 1- on Deputation (iv) Data Entry
Operator – 1 on contract .(v) Field Supervisor – 20 nos of ST/SC
Co-Operative Development Corporation are working for TMCDCL
in addition to their normal works.(vi) Group – D .
1.
UNIT COST OF TERM & EDUCATION LOAN ACCORDING TO NORMS OF NMDFC
Sl
No
A)
Sectors/Scheme
Unit Cost
Rs in lakh
Transport sector:
i) Auto Rickshaw(Petrol)
ii) Mini Passenger vehicle & Goods Carrier vehicles
@ Rs.1.40
B)
Business Sector:-Grocery, Stationery, Readymade
Garments, Small Business, Restaurant etc.
@ Rs.2.00
C)
Agriculture Sector:-Fishery, Poultry, Milch. Cow,
Rice Mill, Rubber Plantation etc.
@ Rs.1.00-2.00
D)
Artisan Sector:-Band
Furniture shop etc
Parlor,
@ Rs.2.00
E)
Technical Sector:-Mobile repairing, Radio/TV
repairing, Photography, Auto Workshop etc. Unit
cost
@ Rs.2.00
F)
Educational Sector: (Details at next slide)
@ Rs.1.50 to 15.00
party,
Beauty
@ Rs.5.00
RATE OF LOAN ON EDUCATION SECTOR
Sl
No
Courses
Amount
(Maximum)
Rs in Lakhs
Rate of Installment
1
B.E/B.Sc in IT (4 years). 3.20
Rs. 0.80 lakhs
2
B.Sc Nursing (4 Years).
3.00
Rs. 0.75 lakhs
3
GNM (3 & ½ Years).
2.10
Rs. 0.60 lakhs
4
Diploma in Polytechnic
courses ( 3 Years).
1.50
Rs. 0.50 lakhs
5
M.B.A (2 Years).
1.50
Rs. 0.75 lakhs
6
B.D.S (4 years).
6.50
1st Inst. Rs. 2.00 lakhs
& rest @ Rs. 1.50 lakhs
7
M.B.B.S (inside the
Country) 5 years.
8.00
1st Inst. Rs. 2.00 lakhs
& rest @ Rs. 1.50 lakhs
8
M.B.B.S (Outside the
Country) 5 years.
15.00
1st Inst. Rs. 5.00 lakhs
& rest @ Rs. 2.50 lakhs
RESTRICTIONS ON UTILIZATION OF FUNDS AS PER NMDFC’S NORMS
 Terms & Conditions of lending for Tripura against borrowing from
NMDFC as indicated below.
1. Transport Sector 50%
2. Other Small Business etc.
30%
3. Education Sector
20%
 Unit cost of Term loan decided by the Board of Directors of TMCDCL
subject to the ceiling limit of NMDFC. Term loan for individual cases
can be increased up to Rs.5.00 lakhs carrying simple interest of 6%.
 Further increase of term loan which could be up to maximum ceiling
of NMDFC for Rs 10.00 lakhs i.e. above Rs.5.00 lakhs would carriy
higher rate of 7.5% simple interest.
 There is scope for upward revision of Educational loan upto 20.00
lakhs for courses abroad with maximum duration of 5 years @
Rs.4.00 lakhs per annum and moreover up to Rs.10.00 lakhs for
professional & job oriented degree courses in India with maximum
duration of 5 years @ Rs.2.00 lakhs per annum.
ACHIEVEMENT SINCE INCEPTION W.E.F 1997-98 TO 2013-14
Sl
No
Sectors/Schemes
Total loan given to
beneficiary
No of
beneficiaries
Average
unit cost
1
Transport Sector
Rs. 1313.28 lakhs
1178 nos
1.12 lakhs
a) Auto Rickshaw
1092 nos
b) Bolero Maxi Truck,
Maximo Van, Bolero etc
18 nos
c) TATA Ace,TATA Magic etc
60 nos
d) Maruti Van
08 nos
2
Other Business Sector
Rs. 482.34 lakhs
657 nos
0.73 lakhs
3
Education Sector
Rs. 134.77 lakhs
135 nos
0.998 lakhs
Rs. 1930.39 lakhs
1970 nos
Total
EDUCATION LOAN DISBURSED SINCE INCEPTION TO 2014-15
(Up to 18th June,2014)
SL
no
Name of courses
Duration of
courses
Total no of Student
1
B.E in IT/B.Sc
courses
4 years degree
37 nos
2
M.B.B.S
5 years
17 nos
3
M.B.A
2 years
3 nos
4
B.D.S
4 years
2 nos
5
G.N.M
3 ½ years
49 nos
6
Diploma
7
B.H.M
4 years
6 nos
8
B.Sc Nursing
4 years
3 nos
3 years
TOTAL
30 nos
147 nos
ACHIEVEMENT OF LAST FINANCIAL YEAR 2013-14
Fund borrowed from NMDFC:
Rs.9.00 Crors.
Loan disbursed during 2013-14: Rs.7.82 Crors.
Item
Target
Achieved
Amount
Rs in Lakhs
Average
Unit Cost
Average % of
Disbursement
Transport sector
250
275
444.59
1.61 lakhs
1. Entire loan amount
disbursed in one
time installment
within 7 days of
sanction.
Small Business &
Other Scheme
150
237
259.82
1.09 lakhs
42
77.70
1.85 lakhs
554
782.11
Education loan
Total:
In case of
70
470
do
Education loan – Loan disbursement made in equal Annual
installment depending on total period of the prescribed course except for
courses of BDS ( 4 years) & MBBS ( 5 years) within the Country only in which
1st Annual installment is Rs.2.00 lakhs and Rest Annual @ Rs.1.5 lakhs .In
respect of MBBS Course outside the country 1st Annual installment Rs 5.00
lakhs & rest Annual installment @ Rs.2.50 lakhs.
ACHIEVEMENT DURING FINANCIAL YEAR 2014-15
Fund borrowed from NMDFC:
Nil.
Spill over fund:
Rs. 2 . 33 Crores.
Loan disbursed during 2014-15 (up to June 19, 2014) : Rs. 1 . 88 Crores.
Balance fund:
Sl
Rs. 0. 45 Crores
Item
Target
Achieved
Amount in Lakhs
1
Auto Rickshaw
300
58
76.80
2
Passenger & goods
Carrier vehicles.
75
5
19.79
3
Small Business &
other Agri allied
scheme
175
46
77.18
4 Education Loan
for higher studies
60
12
13.95
5 Mahila Samridhi
Yojana
40
00
Nil
650
121
187.72
Total
YEAR WISE ACHIEVEMENT OF TMCDCL SINCE INCEPTION.
State Govt.
Guarantee
provided.
Fund
Borrowed
from NMDFC.
20.00
13.42
--
--
66.79
42
20.98
1999-00
250.00
00
107
47.48
2000-01
00
36.00
00
105
41.17
2001-02
00
00
35
13.10
2002-03
00
50.00
58
28.50
2003-04
00
00
23
10.57
2004-05
00
50.00
07
5.92
2005-06
2006-07
00
5.00
49
20.74
00
25.00
45
25.12
2007-08
00
30.00
65
34.05
2008-09
00
50.00
64
32.55
2009-10
00
96.00
88
51.84
100.00
130
106.51
200.00
210
228.82
541.00
398
480.93
900.00
554
782.11
2163.21
1970
1930.39
Year
1997-98
1998-99
2010-11
2011-12
2012-13
2013-14
Total:-
200.00
200.00
300.00
500.00
1470.00
Loan disbursed by the
Corporation.
No of
Rs. in lakhs
Beneficiaries
benefitted.
Recovery made by the
Corporation.
Rs. in lakhs
0.70
2.13
5.19
12.56
11.56
15.46
16.95
15.92
14.93
12.84
15.82
23.90
67.39
32.39
87.08
183.87
518.68
(66.55%)
REPAYMENT MADE TO NMDFC UP TO 31/03/2014
Total demand raised by NMDFC up to 31/3/2014 was Rs 534.25 lakhs.
Repayment by TMCDCL Rs. 534.25 lakhs upto 31/03/2014 made as follows
Year
Repayment made to NMDFC
Principal
Interest
Total
1998-99
1.40
1.37
2.77
1999-00
9.26
1.09
10.35
2000-01
15.61
3.75
19.36
2001-02
15.15
2.02
17.17
2002-03
22.60
3.38
25.98
2003-04
11.93
0.86
12.79
2004-05
11.60
-
11.60
2005-06
31.01
-
31.01
2006-07
18.42
-
18.42
2007-08
20.56
1.89
22.45
2008-09
10.83
4.17
15.00
2009-10
10.83
4.18
15.01
2010-11
19.61
10.75
30.36
2011-12
54.44
13.72
68.16
2012-13
69.53
24.79
94.32
2013-14
100.20
39.23
139.43
422.98
111.20
534.18
Total:
ACTION PLAN FOR THE YEAR 2014-15
Sl No
Item
1
Auto Rickshaw.
2
Passenger & goods carrier
vehicles.
3
Small Business & other Agri allied
Scheme.
4
5
Nos
Amount
Rs. in Lakhs
300
426 . 00
75
303 . 30
175
270 . 70
Education Loan
for higher studies.
60
76 . 50
Mahila Samridhi Yojana (@ Rs.
17,000/- per women for
Homestead Business like Fat Rice,
Cloth Business etc.
40
6 . 80
650
1083 . 30
Total
PROPOSED ALLOCATION FOR THE YEAR 2014-15
(1)NMDFC is to allocate for 2014-15 (@ 90%)
975.00 lakhs
(2)Matching Share required from State Govt. (@5%) 54.15 lakhs
(3)Beneficiary contribution (@5%)
54.15 lakhs
Rs. 1083.30 lakhs
 For Borrowing fund from NMDFC, Block State Govt. Guarantee is
required for the year 2014-15: Rs. 10.00 Cr.
INNOVATIVE SCHEMES (Placement linked skill training program)
Job Oriented Vocational Training SEKHO AUR KAMAO (LEARN & EARN)in collaboration with
IIIML for 720 Minority Unemployed Youth
Sl
No
Name of Trade
Duration
of Training
No
of
Youth
1
Information
Technology & IT
enabled Services
3 months
120
NACC, Buddha Mandir,Agartala
2
Electronics /IT
Hardware
3 months
120
NACC,Udp,Ramesh Chowmahani
3
Security Guard
(for male)
01
month
120
NACC,Sonamura, Shopping Complex
4
Personal Dev.
Programme
3 months
120
CMC, Near Noapara Post Office, DMN
5
120
Kailashar IACT,PWD Rd KLS
6
120
Salema Kumudini Computer
Education,Kamalpur
Total
Location of training for all trades
720
Total Rs 111.98 lakhs against this projects sanctioned by NMDFC & Fund released 40% Rs.44,79624/Minimum 75% placement of trainees & atleast 50% in organized sector would be ensured by IIIMlas per
MoU
R E C O V E R Y OF L O A N S


As shown in the previous slide no 13, loan disbursed by the
TMCDCL from 1997-98 to 2013-14 Rs.1930.39 lakhs & Recovery
made Rs. 518.68 lakhs.
Extent of Recovery 66.5% based on the Schedule of recovery.

According to NMDFC guideline, recovery from beneficiary should
be completed within maximum period of 5 years in case of Term
loan and completion of courses in case of Education loan.

TMCDCL to repay to NMDFC Interest & Principal within 8 (eight)
years in 32 equal installments.

No baddebt declared so far. Will full defaulters identified 305 nos
(40 nos Transport sector & 265 nos Small Business sector).

PDR cases lodged for 19 nos cases against defaulters in 2012-13
for an amount of Rs.12.22 lakhs but no recovery reported so far.

Deduction for loan recovery being done from monthly salary of
guarantors i.e. Govt. employees having minimum 10 years
service.
STEPS FOR IMPROVEMENT OF FUNCTIONING
 Periodical evaluation of the implementation of the sanctioned
project/schemes by the Board of Management.
 3rd party evaluation may be considered.
 Annual audit by Registrar of Co-Operative Societies on regular
basis.
Audit report received till 2011-12 from RCS.
 Awareness & loan recovery camps to be extensively organised.
Last camp held at Kadamtala, Dharmanagar on 04-06-2014.
 Next camps will be held at Sadar, Bishalgarh, Boxanagar,
Sonamura, Udaipur,
election 2014.
Amarpur,
Kailasahar
after
Panchayet
 More number of PDR cases to be lodged and closely monitored.
 Proposal initiated for sanction of 23 posts, namely, LDC-6,
UDC-4, Field Supervisors-8, Driver-1 & Group - D-4 .
This is necessary for gearing up the activities of the Corporation.
Continued next slide
STEPS FOR IMPROVEMENT OF FUNCTIONING
During the current financial year physical & financial target already decided
by the Board of Director of TMCDCL within the financial outlay of Rs.1083.30
lakhs. Hence revision of unit may be considered during 2015-16 subject to
availability of fund from NMDFC on state Govt. guarantee as follows
Sl
No
A)
Sectors / Scheme
Proposed Unit Cost
for 2015-16
Rs. in Lakhs
Transport sector:
i)
B)
Existing Unit Cost
Auto Rickshaw(Petrol)
@ Rs.1.40
At Actuals
ii) Mini Passenger vehicle & Goods Carrier vehicles
@ Rs.5.00
Business Sector:-Grocery, Stationery, Readymade
@ Rs.2.00
3..00
Agriculture Sector:-Fishery, Poultry, Milch. Cow,
@ Rs.1.00-2.00
3.00
Artisan Sector:-Band party, Beauty Parlor,
@ Rs.2.00
2.50
Technical Sector:-Mobile repairing, Radio/TV
@ Rs.2.00
2.50
Educational Sector
@ Rs.1.50 to 15.00
1.50 to 20.00
Garments, Small Business, Restaurant etc.
C)
Rice Mill, Rubber Plantation etc.
D)
Furniture shop etc
E)
repairing, Photography, Auto Workshop etc. Unit cost
F)
Continued next slide
STEPS FOR IMPROVEMENT OF FUNCTIONING
Placement linked skill training programme has been under
taken in 6 (six) centres
of the state only in the first
fortnight of June 2014 .
According to MoU signed with IIIML minimum 75%
placement would be ensured by the said organization. If the
present initiative succeeds , NMDFC would be moved for
sanction of more fund for skill development programme.
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