Upload
adityairm
View
231
Download
1
Embed Size (px)
Citation preview
7/30/2019 Cold Storage Pkm
1/13
CSC KOLKATA
WEL COMES
YOU ALL
7/30/2019 Cold Storage Pkm
2/13
COLD STORAGE
(a) Eligible Organizations :
Corporations, Companies, Cooperatives, Proprietary & Partnershipfirms, Agricultural Produce Marketing Committees / Boards, AgroIndustries Corporations and Growers Associations.
(b) Project Cost :
The project cost will depend upon the capacity, technology used forcold storages for horticulture produce and machineries etc. subject tothe norms of appraisal of financing banks/NABARD regardingtechnical feasibility / financial viability.
7/30/2019 Cold Storage Pkm
3/13
COLD STORAGE (a) for cold storage and its Eligible Institutions for refinance
from NABARD :
Commercial Banks (CBs) Regional Rural Banks (RRB s), State Co-operative Bank (SCB s), State Co-operative Agricultural & RuralDevelopment Banks (SCARDB s), Agriculture Development Finance
Companies (ADFC s) and other institutions that are eligible to obtainrefinance assistance from NABARD.
(b) Technical Aspects :
Emphasis shall be laid on the following points :
Reducing Post Harvest Management losses with multi-chamber
and multi-product facilities ; Modern Design/Technology and Energy Savings Equipment /
Devices to be adopted to avoid obsolescence of machinery etc.
Improvement in technology like shifting from Diffuser System toGravity Cooling System / Fincoil System, etc.
A backup arrangement of supply of power through diesel generating setswould be necessary would form part of the capital cost of the project.
7/30/2019 Cold Storage Pkm
4/13
COLD STORAGE (a) Quantum of Subsidy :
(i) The subsidy will be available only in States / UnionTerritories / Areas which do not administer or control rentals for coldstorages under any statutory or administrative order.
(ii) The office of the Agriculture Marketing Adviser, Directorateof Marketing & Inspection would continue to persuade removal of controlon rentals in those States where the respective States are still operatingtheir own Cold Storage Control Acts.
(iii) AMA will also provide free consultancy support forconstruction of cold storages and also manpower-training, especially tothe North-Eastern States.
7/30/2019 Cold Storage Pkm
5/13
COLD STORAGE(i) The unit cost permissible for the purpose of calculation of
subsidy is 25% of the project cost arrived as per paragraph(b) above orthe ceilings mentioned below, whichever is less.
(a) New Cold storage/expansion of existing cold storage Rs.4000per tone
(b) Modernization/rehabilitation of existing cold storageRs.1000 per tone
Storage for horticulture produce like onionRs.2000 per tone
The permissible subsidy calculated as above is subject to a maximum of
Rs.50 lakh per project. However, for the projects in the North-EasternStates, maximum subsidy admissible would Rs.60.00 lakh @ 33.33%of the project cost. For calculating subsidy, the capacity of cold storagecan be decided by providing a volume of 3.4 cum. per tone or 120 cft.
per tone of produce.
(i) Projects upto 5000 tonnes capacity would be preferred. The
sanction/release of subsidy under the scheme is subject to availabilityof funds the instructions/ uidelines issued b the Govt. of India/
7/30/2019 Cold Storage Pkm
6/13
COLD STORAGE (a) Term Loan /Margin Money :
(i) The margin money is 25% for the term loan. 50% of theproject cost can be raised as term loan from institutional agencies. Theeligible amount of subsidy also would be allowed as term loan.
(ii) The value of land to be computed in the project cost
should not exceed 10% of the project cost. In other words, in case thecost of the land exceeds 10% of the cost of project, such value to theextent of 10% of the total cost should only be computed in the projectcost. The cost of land computed in the project cost is to be reckonedtowards the margin money required to be met by the enterprise. Theabove is subject to the following conditions :
a. The cost of the land will be computed in the project costonly when the land is to be purchased by the enterprise.
b. The cost of the land should be the purchase value and notthe market value.
c. The value of that portion of the land which is need based
for the project only is included.
7/30/2019 Cold Storage Pkm
7/13
COLD STORAGE (a) Rate of Interest to be Charged from borrower :
Size of Unit Commercial
Bank
RRB s/ADFC s/SCB
s/SCARDB s
i) Up to Rs.2.00
lakhs
Not exceeding
PLR of the Bank
Not exceeding PLR of
Convenor Bank of the
State Level Bankers
Committee (SLBC) of the
Concerned State.
ii) Above Rs.2.00
lakhs
Not exceeding 1%
above PLR of the
Bank
Not exceeding 1%
above PLR of the
Bank
7/30/2019 Cold Storage Pkm
8/13
COLD STORAGE
(a) Rate of Interest on refinance amount
To be charged to financing banks : 8.5 per cent
(i) Quantum of Refinance :
90% of amount financed to borrower (95% in case ofSCARDB s in North Eastern Region and Sikkim ).
(j) Repayment Period :
Repayment period will depend upon the cash flow and willbe up to nine years including a grace period of two years.
(k) Period of implementation of Project :
April 1999-March 2000 to April 2001-March 2002 (i.e.
three years)
7/30/2019 Cold Storage Pkm
9/13
COLD STORAGE
(a) Rate of Interest on refinance amount
To be charged to financing banks :8.5 per cent
(i) Quantum of Refinance :
90% of amount financed to borrower (95% in case of SCARDB sin North Eastern Region and Sikkim ).
(j) Repayment Period :
Repayment period will depend upon the cash flow and will be upto nine years including a grace period of two years.
(k) Period of implementation of Project :
April 1999-March 2000 to April 2001-March 2002 (i.e. three years)
7/30/2019 Cold Storage Pkm
10/13
COLD STORAGE
(a) Rate of Interest on refinance amount
To be charged to financing banks : 8.5 per cent
(i) Quantum of Refinance :
90% of amount financed to borrower (95% in case of SCARDB s inNorth Eastern Region and Sikkim ).
(j) Repayment Period :
Repayment period will depend upon the cash flow and will be up tonine years including a grace period of two years.
(k) Period of implementation of Project :
April 1999-March 2000 to April 2001-March 2002 (i.e. three years)
7/30/2019 Cold Storage Pkm
11/13
COLD STORAGE (k) Physical Outlay :
(a) Physical program envisages creation of 12 lakh tones capacityof additional cold storage, modernization / rehabilitation of 8 lakh tones ofcold storage capacity and addition of 4.5 lakh tones of onion storage (1.5lakh ton
(b) nes on-farm storage in production areas and 3 lakh tonesbuffer god own at APMC and terminal markets). The scheme wouldinclude construction of a 4000 tones capacity onion storage with moderntechnology at a cost of Rs.2.50 crore on a pilot basis which would beimplemented by NAFED. The target for the year 1999-2000 is creation ofadditional cold storage capacity of 3 lakh tones, modernization /rehabilitation of cold storage capacity 2 lakh tones and other storages of
the capacity of 1.5 lakh tones to be implemented by NABARD / NCDC /NHB.
(ii) Wherever term loans are not raised from institutional sourcesand the promoters fund projects entirely through internal resourcegeneration, such proposals may be submitted to NHB directly. As regardsthe projects financed by NCDC the subsidy applications may be
submitted to NCDC.
7/30/2019 Cold Storage Pkm
12/13
COLD STORAGE
(O) Other terms and conditions :
The usual terms and conditions on whichrefinance is given to banks continue to be
applicable for the above scheme.
7/30/2019 Cold Storage Pkm
13/13
THANK YOU