Transcript The Project Management Office - CAB

CAPITAL INVESTMENT SUBSIDY SCHEME FOR
CONSTRUCTION/ RENOVATION OF
RURAL GODOWNS
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT
MAHARASHRTRA REGIONAL OFFICE, PUNE
Committed to rural prosperity
Grameen Bhandaran Yojana –
Salient Features
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
Godowns to be constructed outside Municipal
corporation area
Godowns of capacity 100 MT-10000 MT will be eligible
(Revision : Max capacity - 30000 MT/25000 MT for
NER/Sikkim/Hilly areas, w.e.f. 20.10.11)
For godowns beyond 30000/25000 MT, subsidy would
be limited to 30000/25000 MT
Small size godowns upto 50 MT to be considered as
special case based on viability analysis and
topographical requirement of the area
In hilly areas (project site located at height of more
than 1000metres above MSL), upto 25 MT also allowed
Revision in Normative cost
Committed to rural prosperity
Grameen Bhandaran Yojana –
Salient Features contd..
 Should be structurally sound with ventilation and water
proofing
 Protection from rodents, birds, etc
 Should have easy approach, internal roads, drainage, etc
 Technical specifications relating to NWRS are yet to be
finalised by GoI
 XI Plan stipulation : Sanction in any state cannot exceed 20%
(18 Lakh MT) of total capacity targeted for XI FYP (90 lakh MT)
 Under Annual extension for 2012-13 – No capacity cap for
states has been indicated
Committed to rural prosperity
Documents to be submitted by bank
for Advance subsidy claim
1.
2.
3.
4.
5.
6.
Project report
Land document
Loan sanction letter
Brief coverage on technical feasibility and financial
viability
Proof of category
Affidavit of the beneficiary
Documents
Committed to rural prosperity
Documents to be submitted
by bank for JMC visit
Request letter from bank for JMI visit along with following
documents :
• Completion Certificate duly signed by promoter verified
by licensed engineer and countersigned by Branch Manager
of the financing branch. The registered /licensed engineer
may also certify that the Godown has been constructed as
per technical parameters and is fit for scientific storage.
•Copy of the licence/ permission obtained for
commissioning the godown from competent authority (if
applicable)
•Copy of the Insurance Policy in respect of the godown
Committed to rural prosperity
Documents to be submitted by bank
for final subsidy claim
1.
2.
3.
4.
Copy of JIC Report.
Compliance report from bank, if any.
Completion certificate signed by promoter and verified
by JIC.
Proof of category.
Documents
Committed to rural prosperity
Documents to be submitted by bank
after receipt of final subsidy
• Utilisation certificate as per format at Annexure III of the operational guidelines
• The basic role of NABARD is over after receipt of
the utilization certificate
Committed to rural prosperity
Grameen Bhandaran Yojana –
Salient Features contd..
Category
NE, hilly areas, women farmers, SC/ST entrepreneurs
and their SHGs and cooperatives
Rate of
subsidy*
33.33%
All categories of farmers, agrl. graduates, cooperatives,
CWC and SWC
25%
All categories of individuals, companies, corporations,
etc.
15%
* As %age of eligible TFO
Project cost for godowns <1000 MT : Rs.2500/MT (Rs.3500/MT)
 Project cost for godowns >1000 MT : Rs.1875/MT(Rs.3000/MT)
 Project cost for NE/Hilly region :Rs.4000/MT (New category)
Committed to rural prosperity
Grameen Bhandaran Yojana –
Maximum Subsidy
Beneficiary type
Max
capaci
ty MT)
Normati
ve cost
(Rs./MT)
Total
cost
(Rs.
lakh)
Subsidy
rate (%)
Max.
Subsidy
(Rs.
Lakh)
Bank
Loan (%
to TFO)
Own
contribution
(Minimum)
(% to TFO)
NER, Hilly areas (All
types)
25000
4000
1000
33.33
333.30
46.67
20
Women farmers/SHG
of women farmers
30000
3000
900
33.33
299.97
46.67
20
Projects by
cooperatives of SC/ST
30000
3000
900
33.33
299.97
46.67
20
SC/ST entrepreneurs
and SHG of SC/ST
30000
3000
900
33.33
299.97
46.67
20
Farmer, Agri.
Graduates, Cooperatives, CWC, SWC
30000
3000
900
25.00
225.00
50.00
25
All Individuals,
Companies,
Corporations
30000
3000
900
15.00
135.00
50.00
25
Committed to rural prosperity
Grameen Bhandaran Yojana –
Salient Features contd..
 Cost of allied structures that are functionally required for
godown operation could be included
 Subsidy to be kept in reserve fund account – borrower-wise
 Subsidy to be adjusted back – ended
 Repayment period – depending on cash flow and should be
adequately long, with a grace period of 1 year
Max. period for completion of project – 15 months + 6months
grace
 Lock in period – 5 years
Committed to rural prosperity
Grameen Bhandaran Yojana –
Salient Features contd..
 Pledge loan available (as per RBI guidelines) upto 75% of value of
stored produce from banks
 Loans for Rural Godowns are classified as Indirect finance to
Agriculture under priority sector
 For farmer category, major source of income should be from
agriculture
 Documentary proof should be taken – IT returns or affidavit
More than one godown promoted by the same borrower is eligible for
subsidy. But, in each location the capacity eligible for subsidy is
restricted to 30000 MT
 Godowns should be located in different survey nos. and have all
required amenities
Committed to rural prosperity
Grameen Bhandaran Yojana –
Salient Features contd..
 For partnership/co-ownership to be treated under category of
women farmers, 50% and more ownership of women members is
required
 Proper documentary proof should be obtained for categories eligible
for higher rate of subsidy
 Joint Monitoring visits should be done and signed by all parties on
the spot; corrections should be authenticated by all the members
Committed to rural prosperity
Grameen Bhandaran Yojana –
Progress (30 June 2012)
 State/ROs participated
: 26
 Nos of Schemes
: 23068
 Capacity Created
: 281.73 lakh MT
 TFO
: Rs.5359.88 crore
 Bank Loan
: Rs.3625.40 crore
 Subsidy released
: Rs.831.43 crore
MP, AP and Maaharashtra ROs have exceeded the target of 18 lakh MT
i.e. 20% of total target under XI FYP.
Committed to rural prosperity
Grameen Bhandaran Yojana –
Recent Instructions
 Guidance Note to All ROs (Compilation) : IOM No.853, dated 29.6.11
 Addendum
: IOM No.265, dated 23.4.12
o Beneficiary not eligible for subsidy from more than one source
for different components of Rural Godown project
o For corporates – Completion certificate duly signed by the Chief
Engineer could be accepted
o Upwardly revision in the normative cost/ceiling on subsidy
o Cases for which subsidy is recalled/refunded need not be
considered again
o Central/State Govt. Agencies supported under RIDF are eligible
o JMC visit to be taken up within 1month from the date of receipt
of information regarding completion of projects
Committed to rural prosperity
Thank You for Your Attention !!!
Committed to rural prosperity