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    2019INDS - MS34 - Loan Waiver To Weavers

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    praveena
    The document outlines guidelines for waiving loans of primary handloom weaver cooperative societies in Andhra Pradesh. [1] It details the outstanding cash credit and national cooperative development corporation loans totaling Rs. 74.47 crores held by 295 cooperative societies. [2] An amount of Rs. 40 crores will be re-appropriated from one budget head to another to implement the loan waiver. [3] District and state-level committees will be formed to verify eligibility and scrutinize claims.

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    © All Rights Reserved
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    2019INDS - MS34 - Loan Waiver To Weavers

    Uploaded by

    praveena
    85 views5 pages
    The document outlines guidelines for waiving loans of primary handloom weaver cooperative societies in Andhra Pradesh. [1] It details the outstanding cash credit and national cooperative development corporation loans totaling Rs. 74.47 crores held by 295 cooperative societies. [2] An amount of Rs. 40 crores will be re-appropriated from one budget head to another to implement the loan waiver. [3] District and state-level committees will be formed to verify eligibility and scrutinize claims.

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    loan Waiver to Weavers

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    2019INDS_MS34_loan Waiver to Weavers

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    The document outlines guidelines for waiving loans of primary handloom weaver cooperative societies in Andhra Pradesh. [1] It details the outstanding cash credit and national cooperative development corporation loans totaling Rs. 74.47 crores held by 295 cooperative societies. [2] An amount of Rs. 40 crores will be re-appropriated from one budget head to another to implement the loan waiver. [3] District and state-level committees will be formed to verify eligibility and scrutinize claims.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    85 views5 pages

    2019INDS - MS34 - Loan Waiver To Weavers

    Uploaded by

    praveena
    The document outlines guidelines for waiving loans of primary handloom weaver cooperative societies in Andhra Pradesh. [1] It details the outstanding cash credit and national cooperative development corporation loans totaling Rs. 74.47 crores held by 295 cooperative societies. [2] An amount of Rs. 40 crores will be re-appropriated from one budget head to another to implement the loan waiver. [3] District and state-level committees will be formed to verify eligibility and scrutinize claims.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    GOVERNMENT OF ANDHRA PRADESH

    ABSTRACT

    Handlooms & Textiles- The guidelines for Loan Waiver to Primary Handloom
    Weavers Coop. Societies pertaining to APCOB and NCDC and Re-
    appropriation of an amount of Rs.40.00 crores from the balance funds of Rs.42.38
    crores available Budget under Head of Account 2851-103-11-11-310-312,
    Assistance for Livelihood Enhancement of Weavers - to the Head of Account 2851-
    103-11-12-310-312, Assistance towards loan waiver to weavers -Orders-Issued.

    ---------------------------------------------------------------------------------------
    INDUSTRIES AND COMMERCE (Prog.II) DEPARTMENT

    G.O.MS.No. 34 Dated: 08-02-2019


    Read the following:

    1. From the DH&T, Yerrabalem, e-file bearing No.COHT-13021/1/2018-C-


    COHT.
    2. Govt., Memo No.15027/2/Prog-II/A1/2018, Dt: 18.12.2018.
    3. From the DH&T, Mangalagiri, Rc.No.3768/18-C, Dt: 20.12.2018.

    ****

    ORDER

    In the reference 1st read above, the Director of Handlooms & Textiles has
    informed that an amount of Rs.74.47 crores required for implementing the Hon’ble
    Chief Minister’s assurance for waiver off all outstanding Cash Credit and NCDC
    Loans pertaining to the working Primary Handloom Weavers Cooperative Societies
    (Cotton, Silk and Wool) availed from APCOB / DCCBs/ NABARD and NCDC. He has
    also furnished draft guidelines in this regard.

    2. The Director of Handlooms & Textiles, has furnished the details of


    outstanding Cash Credit loans to the working Primary Handloom Weavers
    Cooperative Societies (Cotton, Silk and Wool) availed from APCOB / DCCBs/
    NABARD as stated hereunder:
    (Rs. In crores)

    No. of Outstanding loan


    Particulars
    societies Principal Interest Total
    Cash Credit Loans 276 44.26 4.26 48.52
    NCDC Loans 19 19.77 6.18 25.95
    TOTAL 295 64.03 10.44 74.47

    3. In the reference 3rd read above the Director of Handlooms & Textiles, has
    informed that the NCDC loan assistance for the PHWCs, which are not eligible for
    direct funding or otherwise would continue to be considered through State
    Government Guarantee. Hence the NCDC loans which were given to PHWCSs in the
    state based on the guarantee given by the State Government and the Government
    have repaid the loan installment to the NDDC from time to time. Hence, an amount
    of Rs.25.95 crores outstanding under NCDC have already been paid by the
    Government of Andhra Pradesh as a guarantor to the NCDC, New Delhi on behalf of
    concerned PHWCSs in the State. Now the waiver for an amount of Rs. 25.95 crores
    pertaining to NCDC loans is only paper/book adjustment pertaining to the PHWCSs
    to adjust the same against NCDC dues in their books of accounts. Hence, the
    remaining funds required for waiver of Cash Credit loans to the working Primary
    Handloom Weavers Cooperative Societies (Cotton, Silk and Wool) availed from
    APCOB/DCCBs/NABARD, is Rs.48.52 crores only.

    Contd…2
    : 2:

    4. The Director of Handlooms & Textiles, has therefore, requested the


    Government to consider the Re-appropriation proposal by reducing an amount of
    Rs.40.00 crores from the balance funds of Rs.42.38 crores available under Head of
    Account 2851-103-11-11-310-312, Assistance for Livelihood Enhancement of
    Weavers - to the Head of Account 2851-103-11-12-310-312, Assistance towards
    loan waiver to weavers to implement Hon’ble Chief Minister’s Assurance, as the
    scheme was agreed in principal. Further, the balance funds required under the
    scheme will be accommodated later from other sources/savings from other heads of
    accounts in the near future.

    5. Government after careful examination of the matter hereby order for Loan
    Waiver to Primary Handloom Weavers Cooperative Societies pertaining to
    APCOB and NCDC duly Re-appropriation by reducing an amount of Rs.40.00
    crores(Rupees Forty Crores only) from the balance funds of Rs.42.38 crores
    available under Head of Account 2851-103-11-11-310-312, Assistance for
    Livelihood Enhancement of Weavers - to the Head of Account 2851-103-11-12-310-
    312, Assistance towards loan waiver.

    6. The guidelines for the Loan Waiver to Primary Handloom Weavers


    Cooperative Societies pertaining to APCOB and NCDC are annexed to this
    order.

    7. The Director of Handlooms and Textiles shall take necessary action


    accordingly.

    8. This order issued with the concurrence of the Finance (FMU, I&C) Dept., vide
    their U.O.No.58030/27/FMU.I&C/2018, dt.29-01-2019. Computer No.62237.

    (BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH)

    I.SRINIVAS SRINARESH
    SECRETARY TO GOVERNMENT
    To
    The Director of Handlooms & Textiles,
    Mangalagiri, Guntur District
    All District Collectors in the State.
    The Accountant General, A.P., Hyderabad.
    All Assistant Directors of H&T in the State.
    The D.T.A Ibrahimpatnam
    The Finance (FMU-REV, I&C) Dept.,
    All District Treasury Officers
    P.S to Hon’ble C.M
    P.S to Minister for Handlooms& Textiles
    P.S to Secretary to Government (Handlooms &Textiles)
    Sf/sc

    //FORWARDED :: BY ORDER//
    SECTION OFFICER
    :3:

    Annexure

    G.O.Ms.No.34, Industries & Commerce (Prog.II) Department,


    dt:08 -02-2019

    Guidelines to “loan waiver to primary weavers coop. societies in the state


    in the lines of individual weaver loan waiver pertaining to cash credit and
    NCDC loans”

    The Hon'ble Chief Minister of Andhra Pradesh announced Package for the
    Welfare of Handloom Weavers in the State on the Eve of National Handloom Day-
    2018 at Chirala, Prakasam District on 07.08.2018. The “Loan Waiver to Primary
    Weavers Cooperative Societies in the State in the lines of individual weaver loan
    waiver pertaining to Cash Credit availed from APCOB and NCDC Loans” with
    financial implication Rs.74.48 Crores, is one among the Hon'ble Chief Minister’s
    Assurances under the said package.

    To implement the Hon'ble Chief Minister’s Assurance, the Government have


    decided to waive off all outstanding Cash Credit and NCDC Loans pertaining to the
    working Primary Handloom Weavers Cooperative Societies (Cotton, Silk and Wool)
    availed from APCOB / DCCBs/ NABARD and NCDC.

    For verifying the working of Primary Handloom Weavers Coop. Societies and
    for thorough scrutiny of the claims by District Level Committee under the
    Chairmanship of the District Collector and approved by the State Level Committee
    headed by the Director of Handlooms & Textiles, A.P. will be constituted with the
    following members :

    District Level Committee (DLC):

    1. District Collector ... Chairman

    2. Chief Executive Officer, DCCB ... Member

    3. Regional Deputy Director (H&T) concerned ... Member

    4. District Cooperative Officer ... Member

    5. Lead Bank Manager ... Member

    6. General Manager Industries ... Member

    7. Deputy General Manager, NABARD ... Member

    8. District Cooperative Audit Officer ... Member

    9. Assistant Director (H&T) ... Member/convener

    State Level Committee (SLC):

    1. Director of Handlooms and Textiles ... Chairman

    2. Additional Director, (H&T) ... Member/convener

    3. Representative of SLBC ... Member

    4. Representative of APCOB ... Member

    5. Representative of NABARD ... Member


    :4:

    Objective:

    To relieve the Weavers Cooperative Societies from the indebtedness, so as to


    enable them to obtain fresh working capital from the cooperative financial
    institutions, banks etc., to provide continuous work to their members.

    Eligibility:

    Outstanding Cash Credit with interest of working Primary


    Handloom/Silk/Wool Weavers Cooperative Societies availed from the APCOB /
    District Coop. Central Banks / NABARD.

    All working Primary Handlooms/Silk/Wool Weavers Cooperative Societies


    availed Margin Money Assistance towards Working Capital from National
    Cooperative Development Corporation (NCDC).

    Mode of Implementation:

    • The Assistant Director (H&T) of the District concerned shall prepare


    the list of eligible working Primary Weavers Coop. Societies (Cotton,
    Wool, Silk) along with amounts to be waived in consultation with
    respective DCCBs.
    • The scheme shall not be applied to the Societies under Statutory /
    Vigilance pending enquiries pertaining to misappropriation. These
    cases will be examined after the enquiries are completed.
    • The scheme shall not be applied to the dormant / defunct societies
    which are beyond the scope of revival.
    • The Assistant Director (H&T) shall obtain the details of outstanding
    Cash Credit account held with the District Cooperative Central Banks
    (DCCB) concerned and also the details of outstanding principal and
    interest of NCDC loans of eligible working Primary Weavers Coop.
    Societies in the District, duly certified by the Staff of the Department
    and Coop. Auditor concerned.
    • The Assistant Director (H&T) has to get the DCB Registers brought up-
    todate duly levying interest and to prepare the details of outstanding
    Cash Credit, NCDC Loans society-wise and loan-wise principal and
    interest.
    • On finalisation of the particulars of outstanding Cash Credit loans and
    NCDC loans, the Assistant Director (H&T) shall place the proposals of
    outstanding Cash Credit loans and NCDC Loans of all working Primary
    Handloom Weavers Coop. Societies to the District Level Committee for
    verification of eligibility and working status for thorough scrutiny of the
    claims and recommendation to the State Level Committee (SLC).
    • The State Level Committee after scrutiny of the proposals submitted
    by the District Level Committee will recommend to the Government for
    sanction of Loan Waiver amount in respect of Cash Credit outstanding.
    • Since the Government have already repaid the Loans sanctioned by
    NCDC (except in case of one society), the Director, Handlooms and
    Textiles, A.P. shall recommend for passing necessary book entries in
    the Loan records maintained by the Government (i.e., Finance
    Department).
    • After sanctioning of funds by the Government, the amount shall be
    drawn by the Department and shall adjust the Cash Credit waiver
    amount directly to the concerned DCCBs where Cash Credit Accounts
    of individual societies are maintained.
    :5:

    • An amount of Rs.21.45 lakhs NCDC outstanding dues pertaining to one


    Primary Weavers Cooperative Society shall be sanctioned and remitted
    to NCDC through RTGS.
    • On passing necessary entries in the records of the Government, the
    Government shall issue ‘No Dues Certificate” in respect of each NCDC
    Loan account to the concerned Weavers Coop. Society for making
    necessary entries in the books of accounts of the societies concerned.
    • The Director of Handlooms & Textiles will communicate the details of
    outstanding Cash Credit loans and NCDC loans waived off to the
    Assistant Director (H&T) concerned.
    • The Assistant Director (H&T) shall communicate the details of waived
    off outstanding Cash Credit and NCDC loans to the societies concerned
    to record necessary entries in the books of accounts of the respective
    societies.
    • The Managing Committee of the society shall furnish a certificate to
    the effect, “that the entries on waiver of outstanding Cash Credit loans
    / NCDC loans have been recorded in the books of account of the
    Societies” certified by the Assistant Director (H&T) and Auditor.
    • The Assistant Director (H&T) shall furnish a certificate to the effect
    that, “the process of loan waiver has been effected in the books of
    accounts of all the beneficiary societies in the District” to the Director
    of Handlooms & Textiles.

    Audit:

    • The books of accounts of every lending institution that has granted debt
    redemption under this scheme (including the books of accounts maintained
    at the branches) shall be subject to audit in accordance with the standard
    procedure prescribed by the respective DCCBs / Coop. Audit Dept., in the
    District.

    Fresh Finance:

    • The Weavers Coop. Societies whose loans are redeemed under the scheme
    will be eligible for fresh finance from the DCCBs, provided, the amount
    waived is equal to the loan outstanding.

    I.SRINIVAS SRINARESH
    SECRETARY TO GOVERNMENT

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