1. Committed to rural prosperity CAPITAL INVESTMENT SUBSIDY SCHEME FOR CONSTRUCTION/ RENOVATION OF RURAL GODOWNS NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT MAHARASHRTRA REGIONAL OFFICE, PUNE

2. Committed to rural prosperity Grameen Bhandaran Yojana – Salient Features  Godowns to be constructed outside Municipal corporation area  Godowns of capacity 100 MT-10000 MT will be eligible (Revision : Max capacity - 30000 MT/25000 MT for NER/Sikkim/Hilly areas, w.e.f. 20.10.11)  For godowns beyond 30000/25000 MT, subsidy would be limited to 30000/25000 MT  Small size godowns upto 50 MT to be considered as special case based on viability analysis and topographical requirement of the area  In hilly areas (project site located at height of more than 1000metres above MSL), upto 25 MT also allowed Revision in Normative cost

3. Committed to rural prosperity Grameen Bhandaran Yojana – Salient Features contd..  Should be structurally sound with ventilation and water proofing  Protection from rodents, birds, etc  Should have easy approach, internal roads, drainage, etc  Technical specifications relating to NWRS are yet to be finalised by GoI  XI Plan stipulation : Sanction in any state cannot exceed 20% (18 Lakh MT) of total capacity targeted for XI FYP (90 lakh MT)  Under Annual extension for 2012-13 – No capacity cap for states has been indicated

4. Committed to rural prosperity Documents to be submitted by bank for Advance subsidy claim 1.Project report 2.Land document 3.Loan sanction letter 4.Brief coverage on technical feasibility and financial viability 5.Proof of category 6.Affidavit of the beneficiary Documents

5. Committed to rural prosperity Documents to be submitted by bank for JMC visit Request letter from bank for JMI visit along with following documents : Completion Certificate duly signed by promoter verified by licensed engineer and countersigned by Branch Manager of the financing branch. The registered /licensed engineer may also certify that the Godown has been constructed as per technical parameters and is fit for scientific storage. Copy of the licence/ permission obtained for commissioning the godown from competent authority (if applicable) Copy of the Insurance Policy in respect of the godown

6. Committed to rural prosperity Documents to be submitted by bank for final subsidy claim 1.Copy of JIC Report. 2.Compliance report from bank, if any. 3.Completion certificate signed by promoter and verified by JIC. 4.Proof of category. Documents

7. Committed to rural prosperity Documents to be submitted by bank after receipt of final subsidy Utilisation certificate as per format at Annexure - III of the operational guidelines The basic role of NABARD is over after receipt of the utilization certificate

8. Committed to rural prosperity Grameen Bhandaran Yojana – Salient Features contd..  Project cost for godowns <1000 MT : Rs.2500/MT (Rs.3500/MT)  Project cost for godowns >1000 MT : Rs.1875/MT(Rs.3000/MT)  Project cost for NE/Hilly region :Rs.4000/MT (New category) CategoryRate of subsidy* NE, hilly areas, women farmers, SC/ST entrepreneurs and their SHGs and cooperatives 33.33% All categories of farmers, agrl. graduates, cooperatives, CWC and SWC 25% All categories of individuals, companies, corporations, etc. * As %age of eligible TFO 15%

9. Committed to rural prosperity Grameen Bhandaran Yojana – Maximum Subsidy Beneficiary typeMax capaci ty MT) Normati ve cost (Rs./MT) Total cost (Rs. lakh) Subsidy rate (%) Max. Subsidy (Rs. Lakh) Bank Loan (% to TFO) Own contribution (Minimum) (% to TFO) NER, Hilly areas (All types) 250004000100033.33333.3046.6720 Women farmers/SHG of women farmers 30000300090033.33299.9746.6720 Projects by cooperatives of SC/ST 30000300090033.33299.9746.6720 SC/ST entrepreneurs and SHG of SC/ST 30000300090033.33299.9746.6720 Farmer, Agri. Graduates, Co- operatives, CWC, SWC 30000300090025.00225.0050.0025 All Individuals, Companies, Corporations 30000300090015.00135.0050.0025

10. Committed to rural prosperity Grameen Bhandaran Yojana – Salient Features contd..  Cost of allied structures that are functionally required for godown operation could be included  Subsidy to be kept in reserve fund account – borrower-wise  Subsidy to be adjusted back – ended  Repayment period – depending on cash flow and should be adequately long, with a grace period of 1 year  Max. period for completion of project – 15 months + 6months grace  Lock in period – 5 years

11. Committed to rural prosperity Grameen Bhandaran Yojana – Salient Features contd..  Pledge loan available (as per RBI guidelines) upto 75% of value of stored produce from banks  Loans for Rural Godowns are classified as Indirect finance to Agriculture under priority sector  For farmer category, major source of income should be from agriculture  Documentary proof should be taken – IT returns or affidavit  More than one godown promoted by the same borrower is eligible for subsidy. But, in each location the capacity eligible for subsidy is restricted to 30000 MT  Godowns should be located in different survey nos. and have all required amenities

12. Committed to rural prosperity Grameen Bhandaran Yojana – Salient Features contd..  For partnership/co-ownership to be treated under category of women farmers, 50% and more ownership of women members is required  Proper documentary proof should be obtained for categories eligible for higher rate of subsidy  Joint Monitoring visits should be done and signed by all parties on the spot; corrections should be authenticated by all the members

13. Committed to rural prosperity Grameen Bhandaran Yojana – Progress (30 June 2012)  State/ROs participated : 26  Nos of Schemes: 23068  Capacity Created : 281.73 lakh MT  TFO: Rs.5359.88 crore  Bank Loan: Rs.3625.40 crore  Subsidy released: Rs.831.43 crore MP, AP and Maaharashtra ROs have exceeded the target of 18 lakh MT i.e. 20% of total target under XI FYP.

14. Committed to rural prosperity Grameen Bhandaran Yojana – Recent Instructions  Guidance Note to All ROs (Compilation): IOM No.853, dated 29.6.11  Addendum: IOM No.265, dated 23.4.12 o Beneficiary not eligible for subsidy from more than one source for different components of Rural Godown project o For corporates – Completion certificate duly signed by the Chief Engineer could be accepted o Upwardly revision in the normative cost/ceiling on subsidy o Cases for which subsidy is recalled/refunded need not be considered again o Central/State Govt. Agencies supported under RIDF are eligible o JMC visit to be taken up within 1month from the date of receipt of information regarding completion of projects

15. Committed to rural prosperity Thank You for Your Attention !!!