| 1. |
Co-option of a additional banks / financial institutions by nodal agencies.
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The nodal agencies of TUFS have co-opted some more banks as primary
lending agencies (PLIs) under TUFS. The details are as below :
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| (i) |
Industrial Finance Corporation of India (IFCI), the Nodal agency (NA) for jute
industry under Technology Upgradation Fund Scheme, vide letter no. Credit
Coord./TUFS/2001 dated 22nd Jan., 2001 and dated 25th Jan., 2001, has co-opted Vysya Bank
and Haryana Financial Corporation respectively, as primary lending institutions (PLIs)
for jute industry under the TUF Scheme.
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| (ii) |
The following 4 co-operative banks have been co-opted by SIDBI in addition to
the five co-operative banks already co-opted. :
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1. |
Sarvodaya Sahakari Bank Ltd., Surat, Gujarat.
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2. |
Ichalkaranji Janata Sahakari Bank, Ichalkaranji, Mahahrashtra.
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3. |
Textile Co-operative Bank, Bangalore, Karnataka.
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4. |
Janata Co-opertative Bank, Malegaon, Maharashtra.
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| 2. |
Clarifications issued by Technical Advisory-cum-Monitoring
Committee (TAMC) of TUFS held at Mumbai on 5th Jan., 2001.
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| (i) |
Process control equipments
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The following items are process control equipments, and as such, are admissible
under TUFS :
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a) |
"Quantum Clearers" for upgradation of existing Auto Coners, to detect
foreign particles like coloured matter, coloured yarn etc.
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b) |
"Sauter Automatic Plant Controls" for the Humidification Plant for controlling
and maintaining R.H.
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c) |
"Opti speed" for Ringframes for changing the spindle spped throughout the
doff according to a set pattern, so that yarn breakages are minimized etc.
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d) |
"Premier Ring Eye" under Information Technology, since the equipment
monitors the yarn breaks in a Ringframe, identifies rogue spindles which give more
number of breaks. indicates the production of the Ringframe through computer.
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| (ii) |
Lab Dyeing Machine and Electronic Dispensing pipette.
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There is no need to specifically mention all Lab machines alongwith their
commercial production counterparts in the list of eligible machinery under TUFS. Lab varsions
of machinery approved for commercial production purposes under TUFS will
be automatically allowed as a part of quality control equipments. Accordingly, it is
clarified that the Lab Dyeing Machine and Electronic Dispensing Pipette is eligible under TUFS.
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| (iii) |
High speed rapier weaving loom for manufacturing labels
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The high speed rapier weaving loom with 1152 hooks jacquard machine and intermittent cutting knife fitted
for making the tapes and attachment required for manufacturing of labels fo different widths, would be
covered by the existing entry at Sr. No. b. 1 of Annexure D-1 of the TUFS booklet.
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| (iv) |
Applicability of relaxed financial norms under TUFS.
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It was suggested by a textile unit that financial norms which are relaxed (i.e.,
reduction of promoters' contribution to 17.5% and repayment period relaxation from 8
years upto 10 years) in March' 2000 may be made applicabale to the units which had
availed of the assistance based on the financial norms as per the original TUFS
resolution. TAMC decided that, it may be difficult for the bankers/lenders to change the
promoters' margin but may consider extension of repayment schedule for such units upto
ten years.
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| 3. |
Decision taken by the Inter Ministerial Steering Committee (IMSC) in
its 8th meeting held on 27th Feb., 2001.
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| i) |
Coverage of the cost of Captive Power Plant (CPP) under TUFS.
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The IMSC decided that investment in CPP will not be limited to the power
requirement of the TUFS-funded technology-upgraded textile manufacturing facility but will be linked
to the overall investment in plant & machinery under TUFS. The coverage of investment
in CPP / generator sets under TUFS would be with the following stipulations :
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a) |
The CPP may be captive to a single unit or more units under the same
corporate entity. This benefit will not extend to units under another corporate entity, even
if they belong to the same corporate group. However, a fully owned subsidiary
of the said corporate entity may be reckoned as a part thereof for the limited
purpose of eligibility of CPP for TUFS benefits.
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b) |
The eligible investment on CPP will not exceed the investment in eligible Plant
& Machinery (P&M) under TUFS. Any excess investment in CPP will be, as
earlier, funded but not eligible for 5% interest reimbursement.
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| ii) |
Crochet machine for laces and bands with electronic bar operation.
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The IMSC decided to include the item 'Crochet machine for laces and bands
with electronic bar operation' as an additional entry in Annexure-E of TUF booklet as
"a.54 Crochet machine for laces and bands with electronic bar operation".
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| iii) |
Machinery for processing of fabrics.
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The IMSC decided to include the following items of machinery as additional entries
in Annexure-F-1.
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| "b.III |
15) |
Pleating/Creasing/Folding machine for fabrics.
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16) |
Pinching and Flat embossed machine for fabrics.
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17) |
Crush machine for uneven pleat for grey/dyed fabrics"
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| iv) |
Machinery for cotton waste recycling plant
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Keeping in view the potential for augmenting the clean raw material base of the
spinning industry, IMSC decided for inclusion of machinery for cotton waste recycling
plant under TUF scheme with separate sub-heading 'gg' after sub-heading 'g'
under Annexure-B as under :
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"gg.List of Machinery eligble for cotton wasted recycling plant
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1) |
Automatic soft cotton waste recycling machine
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2) |
Automatic hard cotton waste recycling machine
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3) |
Automatic bale press system (Packing)
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4) |
Automatic cotton dust & seed collection & filtration system
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5) |
Fire protection system
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6) |
Serive facilities, viz., transport, weigh bridge system, automated
bale weighing system, etc."
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| v) |
Sewing thread manufacturing activity.
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The IMSC decided that since sewing thread is a finished industrial product used
for manufacture of made-ups and garments and also a consumer product, it can
be considered alongside weaving / knitting / weaving preparatory and specified
yarn processing activities as a downstream value addition process spinning
capacity creation. Accordingly, the IMSC decided to amend para 4.2 a(ii) (a) of the TUF
booklet to add the words "and/or sewing thread manufacturing" after the words "and/or
weaving/knitting" (in line 5).
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| vi) |
Stoppage of interest reimbursement if two quarters' interest is overdue.
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The IMSC decided that the interest reimbursement may be stopped it the
lender becomes defaulter in the repayment of loan for two quarters. However, if the
repayment is resumed and default also made good within six quarters from the initial
default, then the 5% interest reimbursement may be restored covering the amount and
period of default. However, if it involves rescheduling of the loan repayment, then the
benefit will not extend beyond the original repayment schedule nor exceed the
reimbursement benefit originally admissible.
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The above amendments / clarifications may please be brought to the notice of
all concerned.
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