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Financial assistance of NSTFDC is channelised through the SCAs only. |
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Separate account of funds and beneficiaries, etc. are to be maintained by the SCAs in respect of assistance received from NSTFDC. |
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Where a schemes / Projects contains contains identical unit(s) / profit centre(s), in such cases NSTFDC's assistance will be limited to Rs. 150 lakhs per schemes / Projects. |
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Those who own the assets under NSTFDC assistance are considered as beneficiaries. |
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NSTFDC Term loan / Bridge loan is not extended for sick / existing units. |
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Under transport sector schemes, only one vehicle per beneficiary / institution is considered for sanction and the applicant should have valid driving licence for this purpose. |
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Under NSTFDC assisted schemes, physical assets are required to display prominently of having been financed under NSTFDC schemes. Advertisement, if any, released by the SCA for this purpose shall also indicate this fact. |
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For implementation and monitoring of Scheme(s)/Project(s) a Committee shall be constituted by the SCA in which invariably NSTFDC's representative would be included as a member. |
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SCAs are required to ensure that loan is sanctioned only to eligible Scheduled Tribe persons. |
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Prior to sanction of the loan, SCAs may obtain name(s) of legal heirs of the prospective beneficiary(ies) and requisite undertaking from them so that assets/liabilities concerning NSTFDC assisance are taken over by them in the event of death of the beneficiary(ies). |
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The beneficiaries are at liberty to decide the particular make and model of assets they want to procure. If they so desire, they may also procure it directly and the SCAs may make payment directly to such supplier(s) / manufacturer(s). |
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Assets created under the Scheme(s)/Project(s) shall be comprehensively insured during the currency of loan. Cost of insurance charges shall be borne by the concerned beneficiary. In case of Working Capital Assistance, comprehensive insurance coverage would be taken by the borrowing / implementing agency at their cost. |
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In case of any ambiguity in the guidelines, the decision of CMD, NSTFDC shall be final. |
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The Present guidelines have been updated on 30.11.2003. |
