GUIDELINES (OG) OF AGRICULTURE INFRASTRUCTURE SUB-SCHEME
Dear-Businessman/Investors,
In Series of KIP: Business and Subsidy Update, today we are going to share with you benefit of ADDENDUM TO OPERATIONAL GUIDELINES (OG) OF AGRICULTURE INFRASTRUCTURE SUB-SCHEME OF INTEGRETED SCHEME FOR AGRICULTURAL MARKETING.
PROVISIONS OF EXISTING GUIDELINES:
Page No. of Original Guidelines (Page No.19) and Clause no. of existing guidelines (19.1.2)
On sanction of term loan, the FI will, along with the sanction letter hand over a list of instructions for compliance by the promoter. FI may procure a copy of instruction duly signed by the promoter as a token of their acknowledgement. This list of instructions is provided at Annexure X.
MODIFIED GUIDELINES:
On sanction of term loan, the FI will, along with the sanction letter take the acknowledgment of the list of instructions as mentioned in Annexure-X for compliance by the promoter.
PROVISIONS OF EXISTING GUIDELINES:
Page No. of Original Guidelines (Page No.20) and Clause no. of existing guidelines (19.3.3)
In case any deficiencies are pointed out by the joint inspection committee, the promoter must be informed of the same by FI and asked to rectify. The compliance of rectification thereof will be verified by the FI and reportto this effect will be furnished by the FI to NABARD & DMI within 60 days of joint inspection. Remaining procedure will be the same as outlined in above Para for release of final subsidy.
MODIFIED GUIDELINES:
This provision of the policy has been deleted.
PROVISIONS OF EXISTING GUIDELINES:
Page No. of Original Guidelines (Page No.20) and Clause no. of existing guidelines (19.3.4)
Joint Inspection of completed projects will be conducted subject to the project having been scrutinized by NABARD RO and found to be eligible for advance subsidy. However, the actual release of advance subsidy by NABARD is not necessary for conduct of joint inspection.
MODIFIED GUIDELINES:
This provision of the policy has been deleted.
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