Standard Operating Procedure (SOP) to be followed for disbursement of subsidies for cases under RRTUFS

Circular No. ES/215/2019-20                                             22nd January, 2020

To: Members of the Council

Sub.: Standard Operating Procedure (SOP) to be followed for disbursement of subsidies for cases under RRTUFS

Dear Member,

We would like to inform you that O/o Textile Commissioner has issued Standard Operating Procedure (SOP) to be followed for disbursement of subsidies for cases under RRTUFS vide F. No. 12(10)/IMSC/A-TUFS/JITP/2019/39 dated 16th January, 2020.

As per decision taken in the Interaction meeting with representatives of the TUFS Cell of Nodal Banks and Primary Lending Institutions (PLIs) held on 10th December, 2019 under the Chairmanship of the Textile Commissioner at O/o Textile Commissioner, Mumbai & as per the Office Memorandum dated 17th December, 2019, the Competent Authority has decided to adopt the following SOP to be followed for disbursement of subsidies for cases under RR-TUFS

Sl. No.

Activity

Date Line

1

Examination of uploaded documents and processing for JIT constitution or return to banks with deficiency memo by ROTXCs

Upto 26th  January, 2020

2

Re–submission of deficiency documents/ complete set of 6 mandatory documents by Banks/ PLIs

27th  January, 2020 to 2nd February, 2020

3

Re–examination by ROTXCs of resubmitted cases by Banks/ PLIs

3rd February, 2020 to 9th February, 2020

4

Last chance to Banks/ PLIs for uploading claim documents once again returned by ROTXCs as at Sr. No. 3

12th to 14th February, 2020

5

Constitution of Special JITS by ROTXCs

15th February, 2020 onwards

Those cases which are uploaded shall be processed further under FIFO and the rest of the cases will be assigned separate priority in the next financial year as per decision taken at a later date at appropriate level.

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

Thanking you,

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR

Subscribe to SRTEPC mailing list

Exchange Rates