ReferLoan

Other Points

  1. Normal Facility Center Scheme (CFC) for Power Loom Clusters under Power Tex India will be in activity from 01 April 2017 to 31st March 2020 on the dish India premise.
  2. Normal Facility Center will incorporate studio/plan focus, testing offices, preparing focus, data cum exchange focus and normal crude material/yarn/deals station, water treatment plant for modern use, the dorm for laborers/specialist's private spot, normal pre-weaving offices viz. Yarn coloring, Warping, and Sizing Twisting and so forth and post weaving offices viz. handling and so forth . Likewise, there can be other substantial resources that would be set up in bunches, as long as they are put to normal use by decentralized force loom units in and around the group.
  3. The SPV will keep an escrow account with any planned bank, and all installments for CFC will be made through a similar record which will be mutually worked by one individual from SPV and different individuals from Regional Office.  The SPV ought to present the case for the issuance of monetary help to the concerned Regional Office of the Textile Commissioner.
  4. The Local Level Monitoring Committee (LLMC) will be framed for CFC, which incorporates an official from the Regional Office of the Textile Commissioner, a Director of SPV, and State Government authorities. The qualified monetary help will be delivered solely after getting the actual confirmation report of LLMC.
  5. Total assistance will be granted in 3 installments;
  • First Installment: To the degree of 30% of the complete task cost will be dispensed after accommodation of the case by the SPV in the endorsed structure alongside the archives encased to the Regional Office worried of the Textile Commissioner within 90 days of the approval. The LLMC ought to present the report to the Office of the Textile Commissioner within 30 days of the accommodation of the case.
  • Second Installment: The excess 30% of the endowment will be delivered in the wake of getting the use Certificate of first portion and accommodation of guarantee by the SPV in the endorsed structure alongside the records encased to the concerned Regional Office of the Textile Commissioner within 180 days from the date of assent. Endless supply of 60 % or above development which will be properly supported by the Government Architect and Chartered Accountant. The LLMC will present the report to the Office of the Textile Commissioner within 30 days of the accommodation of the case.
  • Third Installment: The excess 40% of the endowment will be delivered after the effective finishing of the development of the shed or fabricating and after accommodation of guarantee in endorsed structure alongside the necessary archives to the concerned Regional Office of the Textile Commissioner within 270 days from the date of approval and confirmation by Government Architect and Chartered Accountant. The LLMC will present the report to the Office of the Textile Commissioner within 30 days of the accommodation of the case.