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Evaluation/ Assessment of the committed liabilities data submitted by lending agencies for reimbursement of subsidy for term loans sanctioned under MTUFS (List 1 & 2) and RTUFS by NABCONS

Circular No.ES/29/2018-19                                                                         April 20, 2018

To: Members of the Council

Sub.: Evaluation/ Assessment of the committed liabilities data submitted by lending agencies for reimbursement of subsidy for term loans sanctioned under MTUFS (List 1 & 2) and RTUFS by NABCONS

Dear Member,

The Council is pleased to inform you that Shri Sri Narain Aggarwal, Chairman, SRTEPC has been appointed as the Member of the Committee setup by Ministry of Textiles, Government of India in pursuant to the decision taken by Inter Ministerial Steering Committee (IMSC) under Amended Technology Up- gradation Scheme (ATUFS) held on 23rd March, 2018.

The said Committee is formed to examine the issues relating to finalization of the third party evaluation entrusted to NABCONS by Textile Commissioner for assessing the committed liabilities data submitted by lending agencies for reimbursement of subsidy for term loans sanctioned under MTUFS and RTUFS.

The meeting of the said Committee chaired by the Secretary (Textiles) was held on 19th April, 2018 at New Delhi and the major points emerged out of the discussion during the meeting are as follows:-

  • The loan accounts which are completely repaid and closed, and no subsidy claims are pending, such accounts need not be verified by NABARD Consultancy Services (P) Ltd. (NABCONS).
  • NABCONS has to submit authenticated document/ letter of term loan sanctioned, duly signed by the concerned Bank Officer of TUFS Cell/ Branch and counter signed by NABCONS along with the verification report to the Textile Commissioner.
  • Also, NABCONS has to submit a subsidy calculation sheet duly certified by TUFS Cell of concerned Bank and counter signed by NABCONS along with the verification report to Textile Commissioner.

Members who are having pending Subsidy claims under MTUFS (List 1 and 2) and RTUFS are requested to approach their Banks/ Lending Agencies for submission of the above said authenticated documents to NABCONS and pursue the matter.

Members may kindly make a note of the above and do the needful.

Thanking you,

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR

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