Presentation on theme: "Tripura Minorities Co-Operative Development Corporation Ltd."— Presentation transcript:
1Tripura Minorities Co-Operative Development Corporation Ltd. (T.M.C.D.C.L.)Lake Chowmuhani, Agartala West Tripura.
2I n t r o d u c t I o nThe Tripura Minorities Cooperative Development Corporation Limited (TMCDCL) was set up on 28th February 1997 as per guideline of Ministry of Minority Affairs, Govt. of India.Registered under the Tripura Cooperative Societies Act’1974 vide registration No-1845.Functioning under the Administrative control of the Minorities Welfare Department, Govt. of Tripura.Authorized Share Capital Rs cores. The Share Capital comprised of 2.50 lakhs (two lakhs fifty Rs.10/- each for the individual members termed as “A” class share and lakhs shares of Rupees One thousand each termed as “B” class share issue of which limited to Govt./PRIs/ULBs/PSUs/FIs etc.Paid up share capital as on 31/03/2014No of “A” class share = nos = Rs lakhs.No of State Govt.“B”class share=24,695 nos = Rs lakhs.Total = Rs lakhs
3O b j e c t I v e s1. To acquire/purchase of land or property and to develop khash lands on getting allotments from Government, take up settlement of Minorities on Agricultural/ Plantation based occupation either on it’s own or through specific agencies.2. To help the Minorities in getting proper price for their Agro-Forest surpluses and products of Vocational trade .3. To take up various programme for economic development of Minorities through vocational trades, Industries & self employment opportunities in the form of loan.4. To facilitate in securing institutional finance for bankable scheme in favour of Minorities.5. To implement any scheme for economic & educational development of the Minorities.
4S t r a t e g I e s1) Taking refinance from National Minorities Development & Finance Corporation (NMDFC) on simple 3.5% per annum in respect of term loan and simple interest chargeable on the beneficiary by TMCDC 6% as per guide line of NMDFC. 2) Taking refinance from NMDFC an account of Education loan at a simple interest of 1% per annum but simple interest chargeable on the beneficiary by the 4%. 3) Target group of beneficiaries both for Term & Education loan are the persons belonging to Minority Communities and living below double the poverty line i.e families having annual income less than Rs.81,000/- in Rural Areas and Rs. 1,03,000/- in Urban Areas categorized as below double the poverty line as per guidelines of NMDFC.
5Administrative Setup - TMCDCL Board of DirectorChairmanElected Member – 8 nos including ChairmanNominated Member – 3 nosa) Secretary ,MW- Memberb) Director , MW- MDc) One Representative of NMDFCGeneral ManagerS T A F Fi)Accountant – 1 (On contract basis) (ii) Cashier -1 on deputation(iii) Loan investigator – 1- on Deputation (iv) Data Entry Operator – 1 on contract .(v) Field Supervisor – 20 nos of ST/SC Co-Operative Development Corporation are working for TMCDCL in addition to their normal works.(vi) Group – D .1.
6i) Auto Rickshaw(Petrol) Unit Cost of Term & Education loan according to norms of NMDFCSl NoSectors/SchemeUnit CostRs in lakhA )Transport sector:i) Auto Rickshaw(Petrol)ii) Mini Passenger vehicle & Goods Carrier vehicles@ Rs.1.40@ Rs.5.00B )Business Sector:-Grocery, Stationery, Readymade Garments, Small Business, Restaurant etc.@ Rs.2.00C )Agriculture Sector:-Fishery, Poultry, Milch. Cow, Rice Mill, Rubber Plantation etc.@ RsD )Artisan Sector:-Band party, Beauty Parlor, Furniture shop etcE )Technical Sector:-Mobile repairing, Radio/TV repairing, Photography, Auto Workshop etc. Unit costF )Educational Sector: (Details at next slide)@ Rs.1.50 to 15.00
7Rate of Loan on Education Sector Sl NoCoursesAmount (Maximum)Rs in LakhsRate of Installment1B.E/B.Sc in IT (4 years).3.20Rs lakhs2B.Sc Nursing (4 Years).3.00Rs lakhs3GNM (3 & ½ Years).2.10Rs lakhs4Diploma in Polytechnic courses ( 3 Years).1.50Rs lakhs5M.B.A (2 Years).6B.D.S (4 years).6.501st Inst. Rs lakhs & Rs lakhs7M.B.B.S (inside the Country) 5 years.8.008M.B.B.S (Outside the Country) 5 years.15.001st Inst. Rs lakhs & Rs lakhs
8RESTRICTIONS ON UTILIZATION OF FUNDS AS PER NMDFC’S NORMS Terms & Conditions of lending for Tripura against borrowing fromNMDFC as indicated below.1. Transport Sector %2. Other Small Business etc. 30%3. Education Sector 20%Unit cost of Term loan decided by the Board of Directors of TMCDCL subject to the ceiling limit of NMDFC. Term loan for individual cases can be increased up to Rs.5.00 lakhs carrying simple interest of 6%.Further increase of term loan which could be up to maximum ceiling of NMDFC for Rs lakhs i.e. above Rs.5.00 lakhs would carriy higher rate of 7.5% simple interest.There is scope for upward revision of Educational loan upto lakhs for courses abroad with maximum duration of 5 Rs.4.00 lakhs per annum and moreover up to Rs lakhs for professional & job oriented degree courses in India with maximum duration of 5 Rs.2.00 lakhs per annum.
9Achievement since inception w.e.f 1997-98 to 2013-14 Sl NoSectors/SchemesTotal loan given to beneficiaryNo of beneficiariesAverage unit cost1Transport SectorRs lakhs1178 nos1.12 lakhsAuto Rickshawb) Bolero Maxi Truck,Maximo Van, Bolero etcc) TATA Ace,TATA Magic etcd) Maruti Van1092 nos18 nos60 nos08 nos2Other Business SectorRs lakhs657 nos0.73 lakhs3Education SectorRs lakhs135 nos0.998 lakhsTotalRs lakhs1970 nos
10Education loan disbursed since inception to 2014-15 (Up to 18th June,2014) SL noName of coursesDuration of coursesTotal no of Student1B.E in IT/B.Sc courses4 years degree37 nos2M.B.B.S5 years17 nos3M.B.A2 years3 nos4B.D.S4 years2 nos5G.N.M3 ½ years49 nos6Diploma3 years30 nos7B.H.M6 nos8B.Sc NursingTOTAL147 nos
11Achievement of last financial year Fund borrowed from NMDFC: Rs.9.00 Crors. Loan disbursed during : Rs.7.82 Crors.ItemTargetAchievedAmount Rs in LakhsAverage Unit CostAverage % of DisbursementTransport sector250275444.591.61 lakhsEntire loan amount disbursed in one time installment within 7 days of sanction.Small Business & Other Scheme150237259.821.09 lakhsdoEducation loan704277.701.85 lakhsTotal:470554782.11In case of Education loan – Loan disbursement made in equal Annual installment depending on total period of the prescribed course except for courses of BDS ( 4 years) & MBBS ( 5 years) within the Country only in which 1st Annual installment is Rs.2.00 lakhs and Rest Rs.1.5 lakhs .In respect of MBBS Course outside the country 1st Annual installment Rs 5.00 lakhs & rest Annual Rs.2.50 lakhs.
12Achievement during financial year 2014-15 Fund borrowed from NMDFC: Achievement during financial year Fund borrowed from NMDFC: Nil. Spill over fund: Rs Crores. Loan disbursed during (up to June 19, 2014) : Rs Crores. Balance fund: Rs CroresSlItemTargetAchieve dAmount in Lakhs1Auto Rickshaw3005876.802Passenger & goods Carrier vehicles.75519.793Small Business & other Agri allied scheme1754677.184Education Loanfor higher studies601213.95Mahila Samridhi Yojana4000NilTotal650121187.72
13Year wise Achievement of TMCDCL since inception. State Govt. Guarantee provided.Fund Borrowed from NMDFC.Loan disbursed by the Corporation.Recovery made by the Corporation.No of Beneficiaries benefitted.Rs. in lakhs20.0013.42---250.0066.794220.980.700036.0010747.482.1310541.175.193513.1012.5650.005828.5011.562310.5715.46075.9216.955.004920.7415.9225.004525.1214.9330.006534.0512.846432.5515.8296.008851.8423.90200.00100.00130106.5167.39210228.8232.39300.00541.00398480.9387.08500.00900.00554782.11183.87Total:-1970518.68(66.55%)
14Repayment made to NMDFC Repayment made to NMDFC up to 31/03/2014 Total demand raised by NMDFC up to 31/3/2014 was Rs lakhs Repayment by TMCDCL Rs lakhs upto 31/03/2014 made as followsYearRepayment made to NMDFCPrincipalInterestTotal1.401.372.779.261.0910.3515.613.7519.3615.152.0217.1722.603.3825.9811.930.8612.7911.60-31.0118.4220.561.8922.4510.834.1715.004.1815.0119.6110.7530.3654.4413.7268.1669.5324.7994.32100.2039.23139.43Total:422.98111.20534.18
15Action Plan for the year 2014-15 Sl NoItemNosAmountRs. in Lakhs1Auto Rickshaw.3002Passenger & goods carrier vehicles.753Small Business & other Agri allied Scheme.1754Education Loanfor higher studies.605Mahila Samridhi Yojana Rs. 17,000/- per women for Homestead Business like Fat Rice, Cloth Business etc.406 . 80Total650
16Proposed allocation for the year 2014-15 NMDFC is to allocate for %) lakhsMatching Share required from State Govt lakhsBeneficiary contribution lakhsRs lakhsFor Borrowing fund from NMDFC, Block State Govt. Guarantee is required for the year : Rs Cr.
17INNOVATIVE SCHEMES (Placement linked skill training program) Job Oriented Vocational Training SEKHO AUR KAMAO (LEARN & EARN)in collaboration with IIIML for 720 Minority Unemployed YouthSl NoName of TradeDurationof TrainingNo ofYouthLocation of training for all trades1Information Technology & IT enabled Services3 months120NACC, Buddha Mandir,Agartala2Electronics /IT HardwareNACC,Udp,Ramesh Chowmahani3Security Guard (for male)0 1 monthNACC,Sonamura, Shopping Complex4Personal Dev. ProgrammeCMC, Near Noapara Post Office, DMN5Kailashar IACT,PWD Rd KLS6Salema Kumudini Computer Education,KamalpurTotal720Total Rs lakhs against this projects sanctioned by NMDFC & Fund released 40% Rs.44,79624/-Minimum 75% placement of trainees & atleast 50% in organized sector would be ensured by IIIMlas per MoU
18R e c o v e r y of l o a n sAs shown in the previous slide no 13, loan disbursed by the TMCDCL from to Rs lakhs & Recovery made Rs lakhs.Extent of Recovery 66.5% based on the Schedule of recovery.According to NMDFC guideline, recovery from beneficiary should be completed within maximum period of 5 years in case of Term loan and completion of courses in case of Education loan.TMCDCL to repay to NMDFC Interest & Principal within 8 (eight) years in 32 equal installments.No baddebt declared so far. Will full defaulters identified 305 nos (40 nos Transport sector & 265 nos Small Business sector).PDR cases lodged for 19 nos cases against defaulters in for an amount of Rs lakhs but no recovery reported so far.Deduction for loan recovery being done from monthly salary of guarantors i.e. Govt. employees having minimum 10 years service.
19Steps for improvement of functioning Periodical evaluation of the implementation of the sanctioned project/schemes by the Board of Management.3rd party evaluation may be considered.Annual audit by Registrar of Co-Operative Societies on regular basis.Audit report received till from RCS.Awareness & loan recovery camps to be extensively organised. Last camp held at Kadamtala, Dharmanagar onNext camps will be held at Sadar, Bishalgarh, Boxanagar, Sonamura, Udaipur, Amarpur, Kailasahar after Panchayet election 2014.More number of PDR cases to be lodged and closely monitored.Proposal initiated for sanction of 23 posts, namely, LDC-6, UDC-4, Field Supervisors-8, Driver-1 & Group - D-4 .This is necessary for gearing up the activities of the Corporation.Continued next slide
20Steps for improvement of functioning During the current financial year physical & financial target already decided by the Board of Director of TMCDCL within the financial outlay of Rs lakhs. Hence revision of unit may be considered during subject to availability of fund from NMDFC on state Govt. guarantee as followsSl NoSectors / SchemeExisting Unit CostProposed Unit Cost forRs. in LakhsA )Transport sector:At ActualsAuto Rickshaw(Petrol)ii) Mini Passenger vehicle & Goods Carrier vehicles@ Rs.1.40@ Rs.5.00B )Business Sector:-Grocery, Stationery, Readymade Garments, Small Business, Restaurant etc.@ Rs.2.003..00C )Agriculture Sector:-Fishery, Poultry, Milch. Cow,Rice Mill, Rubber Plantation etc.@ Rs3.00D )Artisan Sector:-Band party, Beauty Parlor,Furniture shop etc2.50E )Technical Sector:-Mobile repairing, Radio/TVrepairing, Photography, Auto Workshop etc. Unit costF )Educational Sector@ Rs.1.50 to 15.001.50 to 20.00Continued next slide
21Steps for improvement of functioning Placement linked skill training programme has been under taken in 6 (six) centres of the state only in the first fortnight of JuneAccording to MoU signed with IIIML minimum 75% placement would be ensured by the said organization. If the present initiative succeeds , NMDFC would be moved for sanction of more fund for skill development programme.