Circular No.ES/ 39 /2018-19 April 27, 2018
To: Members of the Council
Sub.: Minutes of the Meeting of the Committee Chaired by the Secretary (Textiles) on Study by NABARD Consultancy Services (NABCONS) on committed liability under Technology Upgradation Fund Scheme (TUFS)
We would like to inform you that a Meeting of the Committee chaired by Shri Anant Kumar Singh, Secretary (Textiles) was held on 19th April, 2018 at New Delhi to discuss and examine the issues relating to finalization of the study by NABCONS on committed liability under Technology Upgradation Fund Scheme (TUFS).
Shri Sri Narain Aggarwal, Chairman, SRTEPC and the Executive Director of the Council have attended the Meeting besides Smt. Pushpa Subrahmanyam, Special Secretary and Dr. Kavita Gupta, Textile Commissioner.
Officials from the Ministry of Textiles, RBI, Department of Financial Services (DFS), NABCONS and representatives from the other Associations were also present during the meeting.
The Committee deliberated on the roadblocks faced by NABCONS in timely completion of the study.
The relevant extract of the Minutes are given below:
The above documents would be duly signed by the NABCONS and the competent authority in the TUFS Cell of the Lending Agency.
Representatives of NABCONS suggested that the report of 100 cases completed by them be examined and accepted by the Textile Commissioner so that they would be able to proceed with the remaining cases.
After due deliberations it was felt that NABCONS shall take out the types of cases having difference of opinions and meet the Textile Commissioner on 26th April, 2018 to resolve them.
In case they are unable to resolve some of them, it should be brought to the notice of the Secretary (Textiles) immediately so that it is resolved without any further delay.
Finally NABCONS should ensure that the report clearly and categorically establishes the eligibility and veracity of a claim under the guidelines of the respective schemes of TUFS with enough documentary proof.
Members facing the above mentioned issues may kindly pursue the matter with their Lending Agencies for submitting the documents required to NABCONS.
Members may kindly make a note of the above.