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CAPITAL INVESTMENT SUBSIDY SCHEME FOR CONSTRUCTION/ RENOVATION OF RURAL GODOWNS. NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT MAHARASHRTRA REGIONAL OFFICE, PUNE. Grameen Bhandaran Yojana – Salient Features. Godowns to be constructed outside Municipal corporation area

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CAPITAL INVESTMENT SUBSIDY SCHEME FOR CONSTRUCTION/ RENOVATION OF RURAL GODOWNS

NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT

MAHARASHRTRA REGIONAL OFFICE, PUNE


Grameen bhandaran yojana salient features
Grameen Bhandaran Yojana – Salient Features

  • 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


Grameen bhandaran yojana salient features contd
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


Documents to be submitted by bank for advance subsidy claim
Documents to be submitted by bank for Advance subsidy claim

  • Project report

  • Land document

  • Loan sanction letter

  • Brief coverage on technical feasibility and financial viability

  • Proof of category

  • Affidavit of the beneficiary

    Documents


Documents to be submitted by bank for jmc visit
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


Documents to be submitted by bank for final subsidy claim
Documents to be submitted by bank for final subsidy claim

  • Copy of JIC Report.

  • Compliance report from bank, if any.

  • Completion certificate signed by promoter and verified by JIC.

  • Proof of category.

    Documents


Documents to be submitted by bank after receipt of final subsidy
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


Grameen bhandaran yojana salient features contd1
Grameen Bhandaran Yojana – Salient Features contd..

  • 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)



Grameen bhandaran yojana salient features contd2
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


Grameen bhandaran yojana salient features contd3
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


Grameen bhandaran yojana salient features contd4
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


Grameen bhandaran yojana progress 30 june 2012
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.


Grameen bhandaran yojana recent instructions
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

    • Beneficiary not eligible for subsidy from more than one source for different components of Rural Godown project

    • For corporates – Completion certificate duly signed by the Chief Engineer could be accepted

    • Upwardly revision in the normative cost/ceiling on subsidy

    • Cases for which subsidy is recalled/refunded need not be considered again

    • Central/State Govt. Agencies supported under RIDF are eligible

    • JMC visit to be taken up within 1month from the date of receipt of information regarding completion of projects