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Pre-Bid Conference of Bankers for term loan of Rs 240 crores

Pre-Bid Conference of Bankers for term loan of Rs 240 crores. Punjab Land Records Society. Loanee by :. Punjab Land Records Society.

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Pre-Bid Conference of Bankers for term loan of Rs 240 crores

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  1. Pre-Bid Conference of Bankers for term loan of Rs 240 crores Punjab Land Records Society Loaneeby :

  2. Punjab Land Records Society This Society is a State level body being constituted specifically to manage the Land Records in all its dimensions and works under the overall policy framework of Punjab State E-Governance Society (PSEGS) The primary objective of the Punjab Land Records Society (PLRS) is to oversee, monitor the implementation of computerization and digitization of Land Records and related documents in Punjab for the overall benefit of the citizens and to provide Land Records related services through multiple common access infrastructures to the public.

  3. Relevant Objects and Functions of PLRS to raise loans for Infrastructure Clause (Xvii) of 2.A. “ To provide such infrastructure and all related support and technical services to the state Government and its Departments in general and Revenue Departments in particulars” Clause (X) of 2.B. “To borrow and raise money with or without security or to receive money and deposit on interest or otherwise in such manner as the Society may deem fit”

  4. Board of Management , PLRS

  5. Projects to beundertakenby PLRS • Computerization of Land Records (CLR) • Registration of Documents (RoD) • Geographic Information System (GIS) • Computerization of Mussavis • Scanning of Old Records. • Construction of : • Tehsils / Sub-Tehsils • FardKendras • District Administrative Complexes • Sub Divisional Magistrate Complexes • WorkStation for Patwaris.

  6. Outlays of different projects

  7. Works to be executed… 3 District Administrative Complex • Mohali Rs 86 Crores • Tarn Taran Rs 45 Crores • Barnala Rs 45 Crores • Total Cost Rs. 176 Crores 21 Sub divisional Magistrate Complexes • Total Cost for Construction of the SDM complexes would be 21 * 3 Crores= 63 Crores Work Stations for Patwaris: • Total Workstations: 5056 • Cost of one work station : 1.5 lac • Total Cost : 76 Croresapprox.

  8. 21 Sub Divisional Magistrate Complexes

  9. Funding of PLRS The expenditure on IT resources, operations and management of the Society is funded mainly through : • The grants –in- aid from the State Government and the Government of India under National Land Records Management Project(NLRMP) scheme. • Any Specific project funding like special grant for re-entry etc. • A. Facilitation Charges on Sale Deeds:

  10. Funding of PLRS • B. Facilitation Charges @ Rs.2,000/- per document is charged on power of attorney. • C. All other Registered Documents are chargeable @ Rs.500/- per document.

  11. Current Reserve and Expected Income of PLRS

  12. Increased Revenue due to Increased facilitation charges • The cost of Facilitation charges increased from Rs 150/- to Rs. 500 in February,2010 and now it has been increased as follows: • W.e.f November 2010. Resulting in increase of Revenue receipts to Rs 75 Crores in Financial year 2012.

  13. Proposal

  14. Fund Flow for Next Ten years

  15. Security to the Banks • Escrow account • State Government Bank Guarantee

  16. THANKS Regards: Punjab Land Records Society

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