ANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA. Circular No.202 BC-CD-2013 Date:

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1 ANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA Circular No.202 BC-CD-2013 Date: CAPITAL INVESTMENT SUBSIDY SCHEME (CISS) FOR RURAL GODOWNS - REVISED OPERATIONAL GUIDELINES Ref: 1) DESK GUIDE ON ADVANCES 2) Circular No BC-CD dt ) Circular No BC-CD dt ) Circular No BC-CD dt ) Circular No BC-CD dt Attention of the Branches/Regional Offices/Societies is drawn to the cited references, wherein detailed guidelines were issued on Capital Investment Subsidy Scheme (CISS) for Rural Godowns. Now, modified/revised operational guidelines for Rural Godowns Scheme have been received from NABARD/Govt., of India for the year , which are reproduced here under. SALIENT FEATURES: Eligible Organizations : i) The projects for construction of rural godowns can be taken up by individuals, farmers, Group of farmers/growers, Partnership/Proprietary firms, Non-Government Organisations (NGOs), Self Help Groups (SHGs), Companies, Corporations, Cooperatives, Federations, Agricultural Produce Marketing Committees, Marketing Boards and Agro Processing Corporations in the entire country. Projects for renovation of rural godowns under the above scheme can be taken up by cooperatives only. Size : i. Under the scheme, entrepreneur will be free to construct godown at any place, as per his / her commercial judgement except for restriction that it would be outside limits of Municipal Corporation area and be of minimum capacity of 100 Metric tonnes. ii. Rural godowns of smaller size upto 50 tonnes capacity will also be eligible as a special case, based on viability. In hilly areas*, rural godowns of smaller size upto 25 tonnes capacity will also be eligible for subsidy. In case, the capacity of godown is 1000 MT & above, the promoter has to execute an under taking (Annexure-V) stating that he / she would comply with the Negotiable Warehouse Receipt System (NWRS). iii. Godowns built under the scheme shall be structurally sound on account of engineering considerations and functionally suitable to store agricultural produce. To ensure scientific construction and operation of rural godowns, entrepreneurs will be required to obtain license from State Warehousing Corporations to operate such godowns under State Warehousing Act. iv. Subsidy under the scheme is linked to Institutional credit and will be available to only such projects as are financed by Commercial Banks, Cooperative Banks and Regional Rural Banks. Loans to entrepreneurs from Banks for construction / renovation / expansion of godowns would carry an adequate long term repayment period. Depending upon the cash flow, the term loan would carry an adequate long term repayment period, not less than 5 years including a grace period of one year. 1

2 v. Assistance under the scheme will be on capital cost of construction of godown only, including allied facilities like consumer cooperatives, agri clinics, weighing, grading, packaging, quality certification, warehousing etc., to meet various requirements of farmers. The promoter has to execute an undertaking, if he /she is not filing IT returns, in the form of a Notarised Affidavit (Encl. to Annexure III) to the effect that his / her major source of income i.e. more than 50% of income is from Agriculture for the last 3 years. In this regard, the branch also has to give a certificate (Annexure III) and submit the same along with enclosure (Encl. to Annexure-III). vi. Farmers keeping their produce in godowns will be eligible to avail pledge loan on hypothecation of their produce. The terms and conditions as enunciated under produce loans shall be followed while arranging such type of loans to the farmers. vii. Rural godowns constructed in food parks promoted by Ministry of Food Processing Industries will also be eligible under the scheme for assistance, provided the same is in rural area and satisfy other conditions of the scheme. viii. The NABARD also informed that a) the godowns constructed with common wall are also eligible to receive subsidy under the captioned scheme. However, the total project cost and corresponding subsidy is required to be reduced to account for common wall. b) The pre-engineered building structured godowns would also be eligible for subsidy under Rural Godown scheme provided all the laid down norms / conditions under the operational guidelines of the scheme are fulfilled. c) The provision of minimum percentage of term loan is waived subject to ensuring minimum prescribed percentage of owner s contribution and financial implication in terms of subsidy outgo remaining unchanged in case of units sanctioned during 11 th five year plan and rendered ineligible under the scheme on account of minor shortage in the minimum percentage of term loan under the project, till implementation of amended provision. ix. The scheme shall be implemented by Directorate of Marketing and Inspection (DMI), Faridabad, an attached office of Department of Agriculture and Cooperation. The branches shall invariably verify the checklist (Annexure IX) and ensure that all the required documents are submitted for claiming advance subsidy or for taking up joint monitoring inspection or for claiming final subsidy, as the case maybe. All Rural Godowns to be constructed under the Scheme in future, should be confirming to the technical specifications relating to the implementation of the Negotiable Warehouse Receipt System (NWRS). The rural godowns of 1000 tonnes capacity and more shall be considered as eligible for assistance under the Scheme, only on giving an undertaking along with the application that they would be implementing the Negotiable Warehouse Receipt System. DMI in consultation with the Department of Food and Public Distribution and NABARD shall modify godown specifications to meet the requirements of implementation of Negotiable Warehouse Receipt System and NABARD shall ensure that these specifications are in-built in the eligibility criteria for giving subsidy to the rural godowns of any size under the Scheme. Training : A general awareness programme on the scheme for the farmers and a training programme for the entrepreneurs for construction, maintenance and operation of rural godowns will be organised by the Charan Singh National Institute for Agriculture Marketing, Jaipur (NIAM) and other National/State Level Institutions. Implementation Period: Implementation of the scheme shall be for the year

3 Insurance: It will be the responsibility of the owner of the godown to have the insurance for the godown. Subsidy: Rate of subsidy shall be: 1. 25% OF THE CAPITAL COST OF THE PROJECT TO ALL CATEGORIES OF FARMERS (OTHER THAN Women Farmers), agriculture graduates, cooperatives and State/Central Warehousing Corporations subject to a maximum ceiling on subsidy of Rs.2.25 crore. The capacity ceiling for the purpose of subsidy is metric tonnes. No maximum ceiling on subsidy in the case of cooperatives assisted by NCDC % of the capital cost of the project in case of projects located in North- Eastern States, Sikkim and hilly areas subject to a maximum ceiling on subsidy of Rs crore. The capacity ceiling for the purpose of subsidy is metric tonnes. No maximum ceiling on subsidy in the case of cooperatives assisted by NCDC % of the capital cost of the project in case of SC/ST entrepreneurs, Women Farmers and their Co-operatives in other than North-Eastern Regions, Sikkim and hilly areas, subject to a maximum ceiling on subsidy of Rs.3.00 crore. The capacity ceiling for the purpose of subsidy is metric tonnes. No maximum ceiling on subsidy in the case of Cooperatives assisted by NCDC % of the capital cost of the project to all other categories of individuals, companies & corporations etc., subject to a maximum ceiling on subsidy of Rs.1.35 crore. The capacity ceiling for the purpose of subsidy is metric tonnes. 5. For renovation of godowns of cooperatives with the assistance from NCDC Project cost as appraised by the Bank / NCDC or actual cost or Rs.750/- per MT of the storage capacity, whichever is lower. Capital cost of the project for release of subsidy: a. For godowns upto 1000 tonnes capacity Project cost as appraised by financing Bank or actual cost or Rs.3500/- per MT of storage capacity, whichever is lower; b. For godowns exceeding 1000 tonnes capacity Project cost as appraised by Bank or actual cost or Rs.3000/- per tonne of storage capacity, whichever is lower. For North-Eastern region / hilly areas, normative cost will be Rs.4000/- for MT or as appraised by Bank / Financial institution, whichever is lower irrespective of godown capacity. c. For renovation of godowns of cooperatives with assistance from NCDC Project cost as appraised by the Bank / NCDC or actual cost or Rs.750/- per MT of the storage capacity, whichever is lower. Revised cost norms are applicable for the Financial Year and projects already sanctioned prior to this period will not be covered under the revised capital cost norms. 3

4 Note: * Hilly areas : Where the project site is located at a height of more than 1000 meters above Mean Sea Level (MSL). Branches and Regional Offices are advised to take note of the above guidelines wh`ile financing Rural Godowns. The NABARD has advised to ensure that the subsidy claims originating at the branch level are carefully scrutinized at the controlling office level and the claims, which are complete in all aspects and duly authenticated should be submitted to NABARD in the prescribed formats. NABARD will not process and return the claims, which are not in the prescribed format and are deficient / incomplete in any respect. The NABARD is the nodal agency for administering subsidy of the Govt. of India under Grameen Bhandaran Yojana (GBY). Since the budgetary resources of GoI are involved, it is necessary to exercise utmost care and ensure that the subsidy is utilised in the manner prescribed by the GoI and claims are made accordingly. The NABARD also informed that they have observed the following short comings in many of the claims submitted by the Banks to NABARD. Copy of detailed project report is not enclosed. Approved lay out plan clearly indicating location and dimension not enclosed. Copy of sanction letter with project appraisal note not enclosed. Copy of land documents (tile / lease deed) not enclosed. Certificate from financing Banks with regard to category of promoter (if promoter is not an IT assessee, then original notarised affidavit (Encl. to Annexure III) from promoter/s that their major source of income is from agriculture. If he / she is an income tax assessee, copy of IT returns for the last 3 years. Original notarised affidavit from promoter that he / she will not avail subsidy for the project from any other source. Undertaking in original (Annexure V) by promoter that he / she would comply with Negotiable Warehouse Receipt System (NWRS), in case the capacity of rural godown is 1000 MT and above, for the proposed godowns. The NABARD also informed that it s a matter of serious concern that officials of some Banks at the branch and controlling office levels authenticate incorrect and incomplete information and submit the same to NABARD. Hence, NABARD advised to properly verify the claims to avoid further correspondence and delay in processing of such claims as the onus of submission of timely and correct claims and proper utilization of GoI subsidy lies solely with the implementing Bank. The Branches / Regional Offices are advised to carefully scrutinize all the claims and ensure that they are complete in all respects and submit two sets in the prescribed formats i.e. Annexure-I for advance subsidy & Annexure-II for final subsidy to Head Office through concerned Regional Office for onward submission to NABARD. The Regional Offices shall submit a consolidated statement (Annexure VII) indicating location of projects sanctioned, approved outlays, subsidy component (The information with break-up maybe furnished for projects sanctioned to farmers/sc/st entrepreneurs and their co-operatives based on the capacity of Godowns separately). 4

5 The said progress report (Annexure VII) indicating physical and financial achievements shall be submitted by Branches to ROs, every month by 10 th day of succeeding month. The Regional Offices shall submit a consolidated statement to HO every month by 12 th of succeeding month and the Head Office will submit the consolidated report to Directorate of Marketing and Inspection. In case of Rural godowns for which the advance subsidy was already released in the years shown in the following table, the GoI has decided to stipulate the following time limit for submission of request for Joint Monitoring Inspection (JMI), conduct of JMI and submission of final subsidy claims. The Proforma in Annexure-VI shall be used for joint inspection of Rural Godown. Advance subsidy released by Time limit NABARD Upto March The Branches / Regional Offices are advised to strictly follow the above time limit for completion of JMI and submission of claims for final subsidy. The GoI also advised to strictly adhere to the stipulated time limits and if a project is not completed within the stipulated time, it may not be considered eligible for subsidy and the advance subsidy may be refunded. The branches are advised to submit the subsidy claims with full details in the required format to respective Regional Offices and the Regional Offices are advised to thoroughly scrutinize the claims and ensure to submit the claims to Head Office, CRD, in full shape without fail. The branches are required to submit Utilization Certificate in Annexure VIII after completion of the project to Head Office, Credit & Recoveries Department through respective Regional Office. Clarifications required, if any, on this circular may be sought from Credit & Recoveries Department, Head Office. (V.KRISHNAMACHARY) GENERAL MANAGER 5

6 ANNEXURE I FORMAT FOR PROJECT PROFILE -CUM -CLAIM FORM FOR CLAIMING 50% ADVANCE SUBSIDY/REFINANCE (TO BE SUBMITTED BY BANK IN TRIPLICATE TO NABARD WITH A COPY TO DMI) CAPITAL INVESTMENT SUBSIDY SCHEME FOR CONSTRUCTION/ RENOVATION OF RURAL GODOWN. PART- I (For use by Bank) 1. i) Name & address of project including Tahsil/Taluka/District ii) Whether located in NE States/Hilly areas i.e., above 1000 MSL 2. i) Name and address of promoter. ii) whether belongs to SC/ST / their cooperative, if yes, specify : iii) whether farmer*/agriculture graduate/swc/cwc/cooperative a) If farmer, whether a small farmer** iv) whether individual/company/corporation/others * farmer is a person whose main source of income is from Agriculture. ** Small farmer is a person having less than 2.5 acres of irrigated land or 5 acres of dry land. 3. Entitlement of subsidy (15%/25%/33.33%) 4. Name & address of financing bank 5. Date of receipt of proposal/application. 6. a) Amount of loan sanctioned b) Date of sanction of loan c) Date of disbursement of first instalment 7. Item wise financial projections i) Land ii) Godown iii) Allied facilities a) Boundary wall b) Internal road c) Others (to be specified) As per project As appraised report (Rs) by bank (Rs.) Total outlay : 6

7 8. Means of finance As per project As appraised report (Rs) by bank (Rs.) Promoters contribution Bank loan Any other source Total: 9. Capacity of godown: No. of chambers Size Capacity (cu.mtrs) (in tones) i) New unit to be created ii) ii) Existing unit, if any Renovation of Cooperative godowns 10. Rate of interest ( to be charged) % 11. Brief coverage on technical feasibility and financial viability. 12. Other relevant information including as to whether the godown would be for self use/to be leased out to private or Govt. agencies/to store farmers produce on rent and commodity to be stored. 13. The project has been appraised and found to be technically feasible and financially viable. We intend/do not intend to avail of refinance from NABARD. The refinance amount is Rs. (if to be availed). 14. An amount of Rs. (Rupees ) being the 50% of the eligible amount of subsidy may please be released in respect of the project for crediting to the Subsidy Reserve Fund Account Borrower-wise. 15. We note that a time limit of 15 months is stipulated for completion of the project from the date of disbursal of first instalment of loan. If reasons for delay in completion of the project are justified, a maximum grace period of up to 6 months may be allowed for completion of project. We also note that the advance subsidy has to be refunded forthwith if the project is not completed within the above stipulated period and as per the broad parameters of the scheme. It is further noted that in case of any delay in refund of subsidy, the participating bank/beneficiary will be liable for payment of penal interest. It is also confirmed that the project does not fall within a Municipal Corporation area. ( ) 7

8 Place : Date: Seal and signature of the Authorised signatory of Bank Enclosures 1) Project report 2) Land documents 3) Loan sanction letter issued by competent authority 4) Brief coverage on technical feasibility & financial viability 5) Proof of category 6) Affidavit of the beneficiary that he has not availed/shall not avail subsidy for the project from any other source. PART-II (For use of RO, NABARD) (A) For use by RO, NABARD Advance subsidy The claim of advance subsidy of Rs. is forwarded herewith for release of the same. Date: ( ) Authorized signatory, Regional Office, NABARD. (B) For use by NABARD Scheme Code State Code District Code Project Code Bank Code An amount of Rs. is released as advance subsidy on (name of the bank) vide subsidy disbursement advise no. (copy enclosed). This amount may please be replenished/adjusted by DMI. Date: Authorized signatory, ( ) Head Office, NABARD. (C ) For use by HO, DMI An amount of Rs. as advance subsidy against above mentioned claim is hereby released/replenished to NABARD vide D.D No. dated drawn on (Bank) Date: ( ) Authorized signatory, Head Office, DMI 8

9 ANNEXURE II FORMAT FOR CLAIMING FINAL INSTALMENT OF SUBSIDY (To be submitted by Bank in triplicate to NABARD with a copy to DMI) To (1) The Regional Office, NABARD, APRO, Hyderabad. (2) Dy. Agricultural Marketing Adviser, Directorate of Marketing & Inspection, Green House 3 rd Floor, Block 1, Sultan Bazar, Hyderabad Ph CAPITAL INVESTMENT SUBSIDY SCHEME FOR CONSTRUCTION / RENOVATION OF RURAL GODOWN. (For use by Bank) 1. i) Name & address of project including Tahsil/Taluka/District ii) Whether located in NE States/Hilly areas i.e. above 1000 MSL 2. i) Name and address of promoter. ii) whether belongs to SC/ST / their cooperative, if yes, specify : iii) whether farmer*/agriculture graduate/swc/cwc/cooperative a) If farmer, whether a small farmer** iv) whether individual/company/corporation/others * farmer is a person whose main source of income is from Agriculture. ** Small farmer is a person having less than 2.5 acres of irrigated land or 5 acres of dry land. 3. Entitlement of subsidy (15%/25%/33.33%) 4. Name & address of financing bank 5. Date of receipt of proposal/application. 6. a) Amount of loan sanctioned b) Date of sanction of loan c) Date of disbursement of first instalment d) Date of disbursement of last instalment e) Total loan amount disbursed 9

10 7. Item wise cost of project As per project As appraised Actual cost report by Bank i) Land ii) Godown iii) Allied facilities a) Boundary wall b) Internal road c) Others (to be specified ) Total : 8. Source of finance As per project As approved Actual report (Rs) by bank (Rs.) (Rs.) Promoters contribution Bank loan Any other source Total 9. Capacity: No. of chambers Size Capacity ( cu.mtrs). (in tones) i) New capacity created ii) iii) Existing unit, if any Renovation of Cooperative godowns 10. Total entitlement of subsidy Rs. 11. Amount of advance subsidy released Rs. 12. Balance subsidy to be released Rs. 13. Date of sanction of refinance by NABARD 14. Date of amount of refinance released by NABARD 15. Construction/renovation has been carried out as per technical parameters envisaged under the project. 10

11 16. Since the project is complete as per terms and conditions stipulated under the scheme and final inspection of godown has been conducted, an amount of Rs. (Rupees ) being the final instalment of subsidy may please be released for crediting to the Subsidy Reserve Fund Account Borrower-wise. 17. The following documents are enclosed :- a) Copy of Joint Inspection Committee Report. b) Compliance report from bank, if any c) Completion certificate signed by promoter and verified by Joint Inspection Committee. d) Proof of category ( ) Place : Seal and signature of the Branch Manager of Bank Date : PART-II (For use of RO, NABARD) (A) For use by RO, NABARD An amount of Rs. as final instalment of subsidy towards the above claim of (name of the bank) in respect of (name of the project) may be released. Date: ( ) Authorized signatory, Regional Office, NABARD. (B) For use by NABARD Scheme Code State Code Project Code Bank Code District Code 11

12 An amount of Rs. is released as final subsidy on (name of the bank) vide subsidy disbursement advise no. (copy enclosed). This amount may please be released by DMI. Date: ( ) Authorized signatory, Head Office, NABARD. (C ) For use by HO, DMI An amount of Rs. as final subsidy against above mentioned claim is hereby replenished/adjusted to NABARD vide D.D No. dated drawn on (Bank) Date: ( ) Authorized signatory, Head Office, DMI 12

13 To be given on Bank s letter head ANNEXURE III C E R T I F I C A T E Branch: Date: The Chief General Manager, National Bank for Agriculture and Rural Development, Andhra Pradesh Regional Office, , RTC X Roads, Musheerabad, Hyderabad This is to certify that Shri / Smt., S/o / W/o Sri is constructing a rural godown individually / jointly / in partnership with * at s(survey No. & address) (village) Mandal District by availing loan from our Bank. As per the affidavit executed by the promoter, duly supported by the Tahsildar s certificate on Income and / or IT returns submitted by the Promoter for the last three financial years* the major source of income for the promoter is from agriculture / business *. As per the latest declaration for the year ended , the promoter has a total annual income of Rs. from all sources out of which income from agriculture is Rs. constituting %. We have, therefore, categorized the status of borrower as farmer / individual / *. * strike out whichever is not applicable. Signature with seal BRANCH MANAGER Encl: Copies of Affidavit, Tahsildar s certificate, IT Return filed by the promoter Note: i) This certificate is furnished to categorise the status of the borrower (Farmer / Individual) for determining his / her subsidy eligibility. ii) In case of partnership, the income certificate may be furnished for all the partners, separately. 13

14 ENCLOSURE TO ANNEXURE-III (Affidavit to be submitted by borrower who is not filing IT returns) ON A NON-JUDICIAL STAMP PAPER AFFIDAVIT I/ We, (name of the borrowing agency / borrower), represented by (Proprietor / Managing Partner / Authorised Signatory / etc. (strike out whichever is not applicable), solemnly affirm as follows: I/We have been sanctioned a term loan of Rs. by branch of bank for establishment / setting up of rural godown under Gramina Bhandaran Yojana at (complete address / location of the project) in district, Andhra Pradesh. I / We am / are holding the following agricultural lands. 1 2 S.No. Village / Mandal / District Survey No. Extent in acres I /We declare that my / our main source of income I from agriculture and I am / We are not an Income tax assessee. I / We also affirm solemnly that in case the information furnished by me / us is found to be incorrect at any stage, I / We shall repay the subsidy amount together with interest applicable as per prevailing norms and shall also be liable for prosecution. I / We also affirm that the declaration / certificate give above is true and fair to the best of my knowledge and belief. Date: Signature Place: Seal of the firm: (Name of Beneficiary / Authorised Signatory) 14

15 ANNEXURE - IV ON A NON-JUDICIAL STAMP PAPER (TO BE NOTARISED) AFFIDAVIT I / We, (name of the borrowing agency / borrower), represented by (Proprietor / Managing Partner / Authorised Signatory etc., (Strike out whichever is not applicable), solemnly affirm as follows: I / We have been sanctioned a term loan of Rs. by branch of Bank for establishment / setting up of (name of the project) at (complete address / location of the project) in District, Andhra Pradesh. The financing bank has submitted the captioned proposal to National Bank for Agriculture and Rural Development, Andhra Pradesh Regional Office, Hyderabad for sanction and release of eligible subsidy under the Grameena Bhandaram Yojana, a Capital Investment Subsidy Scheme for Construction of Rural Godowns of Ministry of Agriculture, Government of India. I / We also affirm solemnly that we have not availed any subsidy for the above mentioned project from any Government of India / State Government agency or any other source. I / We, further solemnly affirm that we shall not avail subsidy for this project located at the aforesaid address from any Government of India / State Government agency or any other source other than the above mentioned scheme. I / We also affirm that the declaration / certificate given above is true and fair to the best of my knowledge and belief. Date: Signature Place: Seal of the firm: (Name of Beneficiary / Authorised Signatory) (The affidavit is to be signed by the borrower and countersigned by the Branch Manager of the financing Bank). 15

16 ANNEXURE - V UNDERTAKING FOR NEGOTIABLE WAREHOUSE RECEIPT SYSTEM (NWRS) I / We, (name of the borrowing agency / borrower), represented by (Proprietor / Managing Partner / Authorised Signatory etc., (Strike out whichever is not applicable), solemnly affirm as follows: I / We have been sanctioned a term loan of Rs. by branch of Bank for establishment / setting up of (name of the project) at (complete address / location of the project) in District, Andhra Pradesh. The financing bank has submitted the captioned proposal to National Bank for Agriculture and Rural Development, Andhra Pradesh Regional Office, Hyderabad for sanction and release of eligible subsidy under the Grameena Bhandaram Yojana, a Capital Investment Subsidy Scheme for Construction of Rural Godowns. I / We undertake that I / We will be implementing the Negotiable Warehouse Receipt System formulated by DMI in consultation with the Department of Food and Public Distribution and NABARD. I / We undertake to construct the Godown as per the technical specifications relating to the implementation of the Negotiable Warehouse Receipt System (NWRS). Date: Signature Place: Seal of the firm: (Name of Beneficiary / Authorised Signatory) (To be submitted for godowns with capacity of 1000 MT and more) 16

17 ANNEXURE-VI PROFORMA FOR JOINT INSPECTION REPORT OF GODOWN CONSTRUCTED UNDER GRAMEEN BHANDARAN YOJANA Date of Inspection: 1. Members of Joint Inspection Committee Organization Name Designation Address i) NABARD ii) Financing bank iii) DMI 2. i) Name & address of project including Tehsil/Taluka/District ii) Whether located in NE States/Hilly areas i.e., above 1000 MSL 3. i) Name and address of promoter. ii) whether belongs to SC/ST / their cooperative, if yes, specify : iii) whether farmer*/agriculture graduate/swc/cwc/cooperative a) If farmer, whether a small farmer** iv) whether individual/company/corporation/others * farmer is a person whose main source of income is from Agriculture. ** Small farmer is a person having less than 2.5 acres of irrigated land or 5 acres of dry land. 4. Rate of entitlement of subsidy i.e. 15% / 25% / 33.33% 5. Use of godown i) Own use/to store farm produce on rental/to be leased out to private or Govt. agency ii) Commodity(ies) to be stored 6. Name & address of financing bank 7. i) Date of sanction of loan ii) Amount of loan sanctioned iii) Date of disbursement of first instalment iv) Date of disbursement of last instalment v) Total loan amount disbursed 17

18 8. i) Date of completion of the project ii) Date of intimation of completion to NABARD & DMI 9. Item-wise cost of project As per Project Report As appraised Actual (Rs.) by Bank (Rs.) (Rs.) i) Land ii) Godown iii) Allied facilities a) Boundary wall b) Internal road c) Others (to be specified ) Total : 10. Source of finance Promoters contribution Bank loan Any other source Total As per project As approved Actual report (Rs) by bank (Rs.) (Rs.) 11. Capacity: No. of chambers Size Capacity (cu.mtrs.) ( in tonnes) i) Capacity created ii) iv) Existing unit, if any Renovation of cooperative godowns 12. Total entitlement of subsidy Rs. 13. Amount of advance subsidy released Rs. 14. Balance subsidy to be released Rs. 18

19 15. a) Whether project completed in time b) Whether construction/renovation has been carried out as per technical parameters envisaged under the scheme, c) If not, please specify the deviation(s). d) Whether the godown has been insured 16. Recommendations of the Joint Inspection Committee (Signature and date) (i) NABARD (ii) Financing Bank (iii) DMI 19

20 ANNEXURE-VII PROGRESS OF CAPITAL INVESTMENT SUBSIDY SCHEME FOR RURAL GODOWNS SANCTIONED/PENDING SCHEME (ABSTRACT)* STATUS AS ON Sl.No. State Name of the project Location Capacity (tonnes) TFO Sanctioned Bank loan Promoter s Contribution Total eligible subsidy Subsidy released to financing banks Advance Final Total * The above information break-up may be furnished for projects sanctioned to farmers/small farmers/sc/st entrepreneurs and their cooperatives separately. 20

21 ANNEXURE - VIII FORMAT FOR UTILIZATION CERTIFICATE (FOR THE USE OF FINANCING BANK TO BE SUBMITTED, IN TRIPLICATE, TO THE REGIONAL OFFICE OF NABARD) CAPITAL INVESTMENT SUBSIDY SCHEME FOR CONSTRUCTION/ RENOVATION OF RURAL GODOWNS 1. Name, address/location of the project: 2. Name and address of the beneficiary : 3. Name and address of the financing bank : 4. Date of sanction of loan by bank : 5. Date of inspection by Joint Inspection Committee : 6. Date of completion of the project : 7. (i) Total financial outlay - Rs. (ii) Margin money (iii) Bank loan - Rs. - Rs. (iv) Subsidy received Date of receipt of amount from NABARD (Rs.) Date of credit to the Subsidy Reserve Fund a/c of the borrower (a) 50% Advance Subsidy (b) Final installment of subsidy Total ====== 21

22 8. (i) Capacity created Volume (cubic mtrs.) Capacity (in tonnes) No. of Chambers (a) New Unit (b) Renovation 9. Rate of interest charged by financing bank - % p.a. a) In the case of CBs-PLR - % P.A. b) In the case of others- PLR of Convener bank of SLBC 10. The bank has/has not availed of refinance from NABARD. 11. This is to certify that the full amount of subsidy received in respect of the above project has been fully utilized (by way of crediting to the Subsidy Reserve Fund Account Borrower-wise) and adjusted in the books of account under the sanctioned terms and conditions of the project and within the overall guidelines of the scheme. Place Date Seal and Signature of the Branch Manager (Financing bank) 22

23 ANNEXURE IX Capital Investment Subsidy for Construction / Renovation of Rural Godowns A. Checklist of documents required for claiming Advance Subsidy (only one copy) Document Particulars of document No. A-1 Forwarding letter of Controlling Office of the financing branch. The advance subsidy claim application of financing branch should be routed through the Controlling Office to NABARD clearly certifying that all documents as per this check list are enclosed. Remarks The complete address with telephone / fax numbers of the controlling office as well as the financing branch are required to be furnished. A copy of the letter together with a copy of the claim application should be endorsed to the Directorate of Marketing & Inspection, South Central Region, II Floor, Kendriya Sadan, Sultan Bazar, Hyderabad A-2 Advance subsidy claim applicant as per format in Annexure-I of Guidelines on Capital Investment Subsidy Scheme (CISS) issued by GoI. A-3 Copy of project report with item-wise details of costs, total outlay, bank loan and margin submitted by the Promoter. A-4 Copy of the approval / NOC of Gram Panchayat for construction of godown at proposed site, copy of the approved plan / map and civil drawings clearly indicating the dimensions and capacity. A-5 Copy of the loan sanction letter of the bank along with Project appraisal note of the bank. A-6 Copy of land documents where the godown is going to be constructed. A-7 Bank s certificate on category of the Promoter as per format enclosed. To determine the category as farmer the following procedure may be adopted. (i) In the case of promoter who is filing income Tax Returns, copies of the IT Returns of the last three years may be submitted for deciding his / her major source of income and accordingly the category could be decided. The promoter may be classified as farmer only if the Income from Agriculture is more than 50% of his / her total income for all the three years. (ii) In case of promoter who is not filing IT returns, a Notarised affidavit in original from the borrower to the effect that his / her major source of income is from agriculture may be obtained by the financing bank, along with Tahsildar s certificate and the farmer / non-farmer category could be accordingly decided. (iii) In case of SC/ST entrepreneur and Cooperative, certification by the competent authority should be obtained. A-8 Notarised Affidavit in Original executed by the promoter on a non-judicial stamp paper stating that he has not availed / shall not avail subsidy for the project from any other source. A-9 Copy of duly registered partnership deed, if it is a partnership firm. A-10 Individual total income of which agricultural income particulars of each partner. A-11 Undertaking in original given by the promoter that he / she would comply with the Negotiable Warehouse Receipt System for Godowns with a capacity of 1000 MT & above. 23

24 B. Documents to be submitted while approaching NABARD for taking up Joint Monitoring Inspection Document No. JM-1 Particulars of document Banks specific request for taking up Joint Inspection of the Project interalia certifying that: Remarks The construction of godown has been completed in all respects within the stipulated time period (i.e. maximum of 21 months including grace period of 6 months from the date of first disbursement of loan). The Advance subsidy of Rs. lakh has been received and kept in Subsidy Reserve Fund a/c of the borrower / Promoter on which no interest is charged. A Sign Board has been exhibited at the godown site indicating that the godown has been Assisted under Gramin Bhandaran Yojana of Ministry of Agriculture, Government of India. All the related documents mentioned herebelow have been obtained and kept on record for verification. List of documents to be obtained by the financing bank JM-2 Completion certificate signed by the Promoter and Licensed Engineer JM-3 JM-4 JM-5 JM-6 indicating the date of completion & actual capacity of the godown. Item-wise actual cost of construction of the godown and the cost incurred on provision of amenities duly certified by the licensed Engineer and verified by the Branch Manager. Certificate issued by the lincened Engineer that the Godown has been constructed as per specifications of APSWC / CWC / CPWD and is fit for scientific storage of food grains and agricultural produce. Licence issued by the competent authority for commissioning of the Godown / Warehouse obtained. Valid Insurance Policy of the godown. Documents to be obtained by the financing branch at the time of submitting claim for release of Final Subsidy F -1 Claim application (as per Annexure II to Operational guidelines) to F 2 F - 3 NABARD with a copy endorsed to DMI, Hyderabad for release of final subsidy through the Controlling Office. Copy of Joint Inspection Committee report signed by the Bank, NABARD & DMI Officials Inspection report of the financing branch certifying that the observations of Joint Monitoring Committee have been complied with. 24