All other institutions eligible for NABARD refinance
Dear Sir
Centrally Sponsored Scheme - Integrated Development of
Small Ruminants and Rabbits – Revised Operational Guidelines
Please refer to our circular No. 219 / ICD-46/2009 dated 24 December 2009 forwarding the operational guidelines of the captioned scheme.In this connection, we advise that GoI has since decided to provide Capital Subsidy instead of Interest Free Loan under the captioned scheme. Accordingly, the norms have been revised, as indicated in the Annexure.
2.Revised Annexures II, III and IV and Model Schemes (Annexure V) are enclosed.
3.Please acknowledge receipt.
Yours faithfully
( J. G. Menon )
Chief General Manager
Encl : Copy of revised operational guidelines.
Endt. No. NB. ICD. GSS/ 1105/ IDSRR-4 /2010-11 of date
Copy for information forwarded to
1.The Secretary, Government of India, Ministry of Agriculture, Department of AnimalHusbandry, Dairying & Fisheries, Krishi Bhavan, New Delhi – 110001
2.The Secretary, Government of India, Ministry of Agriculture, Department of Agriculture & Cooperation, Krishi Bhavan, New Delhi - 110001
3.The Secretary, Government of India, Ministry of Rural Development, Department of Rural Development, Krishi Bhavan, New Delhi - 110001
4.The Secretary, Government of India, Ministry of Finance, Department of Economic Affairs, Banking Division, Jeevan Deep Building, Parliament Street, New Delhi - 110001
6.The Joint Secretary (Dairy), Government of India, Ministry of Agriculture, Department of Animal Husbandry, Dairying & Fisheries, Krishi Bhavan, New Delhi - 110001
7.The Joint Secretary (Poultry), Government of India, Ministry of Agriculture, Department of Animal Husbandry, Dairying & Fisheries, Krishi Bhavan, New Delhi - 110001
9.The Director (Finance), Department of Animal Husbandry, Dairying & Fisheries, Ministry of Agriculture, Government of India, Krishi Bhavan, New Delhi - 110001
10.The Deputy Secretary (Dairy), Department of Animal Husbandry, Dairying & Fisheries, Ministry of Agriculture, Government of India, Krishi Bhavan, New Delhi - 110001
11.Joint Commissioner (Poultry), Department of Animal Husbandry, Dairying & Fisheries, Ministry of Agriculture, Government of India, Krishi Bhavan, New Delhi - 110001
19.The Chief General Manager, All Departments in Head Office, National Bank for Agriculture & Rural Development, Mumbai
20.The Secretary to Government, Animal Husbandry Department, All States & Union Territories
21.The Registrar of Cooperative Societies, All States / Union Territories
22.Director, Department of Animal Husbandry, All State Governments / Uts
23.The Chief General Manager / General Manager / Officer-in-Charge, National Bank for Agriculture & Rural Development, All Regional Offices & Sub Offices. A copy of the circular may be made available to each of the District Development Managers.
24.The Director, Bankers’ Institute for Rural Development, Lucknow
25.The Principal, College of Agricultural Banking, Ganeshkhind Road, Pune – 411016
a)Regional Training Centre, National Bank for Agriculture & Rural Development, Bolpur Lodge, Bolpur - 731204, District Birbhum, West Bengal
b)Regional Training Centre, National Bank for Agriculture & Rural Development, St. Aloysius College Hostel Complex, Mangalore, Karnataka
c)Zonal Training Centre, National Bank for Agriculture & Rural Development, Hyderabad, Andhra Pradesh
27. PPS to Chairman, NABARD, HO, Mumbai
28. PS to MD / EDs, NABARD, HO, Mumbai
(Dr. A.S. Patil)
General Manager
ANNEXURE
Centrally Sponsored Scheme - Integrated Development of
Small Ruminants and Rabbits – Revised Operational Guidelines -
Change to Capital Subsidy mode instead of Interest Free Loan (IFL)
Asper original guidelines issued vide circular No. 219 dated 24 December 2009
Revised operational guidelines / clarifications
5. Project Costs and ceilings
5. Project Costs and ceilings
Sr. No
Component
Total financial outlay
(Rslakh)
Patternof
Assistance- Interest Free Loan (IFL)
Ceiling on Cpital Subsidy
(for general category entrepreneurs)
Ceiling on Capital Subsidy
(for SC/ST entrepreneurs, hilly and NE states including Sikkim)
(i)
Rearing of sheep and goats (40+2)
1.00
50% of the outlay as IFL subject to a maximum of Rs 50,000/-.
25% of the outlay subject to a max. of Rs. 25,000/-.
33.33% of the outlay subject to a max. of Rs.33,300/-
(ii)
Sheep and Goat Breeding units (500+25)
25.00
50 % of the outlay as IFL subject to a ceiling of Rs 12.50 lakh
25% of the outlay subject to a max. of Rs 6.25 lakh
33.33 % of the outlay subject to a max. of Rs 8.33 lakh
(iii)
Rabbit rearing units
2.25
50 % of outlay as IFL subject to a maximum of Rs 1.125 lakh
25% of outlay subject to a max. of Rs 0.56 lakh
33.33 % of outlay subject to a max. of Rs 0.75 lakh
6
Funding pattern
Funding pattern
Entrepreneur contributionmargin) -minimum10%in the case of rearing units andminimum 25% of the outlayin case of breeding units.
No change
Interest Free loan-50 % of the total financial outlay subject to the ceiling as indicated para 5.0 above.
Subsidy -25 % or 33.33 % of the outlay as per the eligibilitysubject toceilingsas indicated under para 5. mentioned above.
Bank Loan-Balance amount .
In case the outlay is more than that indicated above, either the entrepreneur can bring that amount as additional margin or the bank can sanction it as a loan.
Bank Loan including subsidy not less than 50% of TFO. For projects of SC/ST, hilly and North Eastern Region, the bank loan including subsidy should not be less than 58.33% of the TFO at the time of sanction.
For example, for a TFO of Rs.1.00 lakh, the bank would initially sanction atleast Rs.50,000 for a project falling in general category and Rs.58,300 for a project belonging to SCs/STs, hilly and North Eastern states including Sikkim. However, bankscan sanction higher bank loan also to the extent that it does not affect the minimum margin money stipulations.
11
11. Sanction and release of IFL
11.2 On receipt of the confirmation from HO, the concerned ROs of NABARD will release the sanctioned IFL to the respective banks. The sanction and disbursement of IFL will be for the selected beneficiaries only.
11.3 The banks will release the first instalment within a month of receipt of the IFL component from NABARD. If the bank is not in a position to release the loan due to some reasons, the IFL shall be remitted back to the concerned Regional office of NABARD within a month of its receipt. In case of delay of such refund the bank has to pay interest on such amount @10% per annum from the date of its receipt by the nodal branch.
Sanction and release of capital subsidy 11.2.Adjustment of subsidy in Borrower’s Account : The subsidy released to the banks will be kept in a separate subsidy reserve fund account.The adjustment of subsidy will be back ended.Accordingly, bank loan including subsidy amount would be disbursed as loan by the banks.The repayment schedule will be drawn on the loan amount in such a way that the total subsidy amount is adjusted after repayment of bank loan component.
11.3.No interest is chargeable on subsidy portion : The balance lying to the credit of the subsidy reserve fund account will not form part of demand and time liabilities for the purpose of SLR/CRR.
11.4After crediting the subsidy amount in the reserve fund account, banks are required to submit a Utilisation Certificate (UC) in the format as per Annexure III.
ANNEXURE II
INTEGRATED SCHEME FOR DEVELOPMENT OF SMALL RUMINANTS AND RABBITS
CONSOLIDATED CLAIM FROM THE CONTROLLING OFFICE OF THE BANK FOR
RELEASE OF CAPITAL SUBSIDY
(To be submitted to the concerned NABARD, Regional Office)
1. NAME OF THE BANK:
2. MONTH/YEAR OF CLAIM:
3. TOTAL AMOUNT OF SUBSIDY CLAIMED:
4. DETAILS OF SUSBIDY CLAIMED:
S.No.
Particulars
1
2
3
1
Name & address of Beneficiariy (Pl indicate district also)
2
Category
(SF/MF/Shepherd/SC/ST/Others)
3
Gender (F/M)
4
Constitution (individual/SHG/NGO /Company/Others)
5
Branch Address
(indicate district also with BSR code)
6
Loan a/c No.
7
Date of sanction
8
¨ Purpose of loan
9
Unit size
10
Total financial outlay
11
Margin
12
Bank loan
13
Subsidy claimed
14
Repayment prescribed
15
Rate of interest
16
Any other information relevant ot the project
1.We undertake having complied with all the instructions contained in NABARD circular no. _____________________ regarding revised operational guidelines of
the scheme and as amended from time to time while sanctioning above proposals.
2.We request you to release an amount of Rs._______________ (Rupees _______________________) as subsidy in respect of the above beneficiaries under the integrated scheme for development of small ruminants and rabbits
Seal and signature of the Officer
(Controlling office of the financing bank)
Authorised signatory
Controlling Office of the bank
Annexure III
Format for Utilization Certificate - Capital Subsidy
(FOR THE USE OF FINANCING BANK TO BE SUBMITTED TO THE REGIONAL OFFICE OF NABARD)
INTEGRATED DEVELOPMENTOF SMALL RUMINANTS AND RABBITS
1
Name, address andlocation of theof the beneficiary and project
2
Name of the financing bank :
3
Name & address of the financing branch:
4
Date of sanction of loan by bank :
5
Date of field monitoring of the unit by the bank
6
Date of completion of the unit :
7
1.Total financial outlayÁ.
2 .Margin MoneyÁ.
3 .Bank loanÁ.
(iv)
Subsidy receivedDate of receiptAmountDate of credit to the
from NABARD(Rs.)"Subsidy Reserve
Fund A/C" of the
Borrower
8
Brief description of facilities created with capacity etc.
9
Rate of interest charged by the financial bank :
10
.
The bank has / has not availed refinance from NABARD
11
.
This is to certify that the full amount of capital 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 within the overall guidelines of the scheme.
Place :
Date:
(______________________)
Seal & Signature of the
Branch Manager (Financing bank)
Annexure - IV
INTEGRATED DEVELOPMENTOF SMALL RUMINANTS AND RABBITS