RAJASTHAN FINANCIAL CORPORATION
(REFINANCE CELL )

Udyog Bhawan,
Tilak Marg,
JAIPUR � 302 005.

Ref.No.:RFC/F-14(RTUF)/Incentive/225 Dated: 17.04.2002

CIRCULAR

Reg.: 5% Interest Incentive claims under Technology Upgradation Funds Scheme.

Attention is invited towards circular No. F.11(148)/1115 dated 30.09.1999, F.14(RTUF)/120 dated 07.01.2000 and F.14(RTUF)/IDBI/ 281 dated 15.12.2000 vide which formats for claiming refinance and interest incentive under TUF were circulated. It was also clarified that the interest incentive soon after getting it from SIDBI may be refunded to the concerned unit keeping in view that no overdues exist in the account.

Instances have come to our notice that some of the branch offices are not following the guidelines as circulated vide aforesaid circulars and they are retaining the interest incentive amount reimbursed by the SIDBI. It is therefore, advised to ensure compliance of the guidelines strictly.

( R.S.GUPTA )
GEN.MANAGER(FIN.)


RAJASTHAN FINANCIAL CORPORATION
(REFINANCE CELL )

Udyog Bhawan,
Tilak Marg,
JAIPUR � 302 005.

Ref.No.:RFC/F-14(RTUF)/Incentive/229 Dated: 23/27.04.2002

CIRCULAR

Reg.: 5% Interest Incentive under RTUF Scheme.

Your kind attention is invited towards circular No. F.14(RTUF)/92 dated 02.09.1999, F.14(RTUF)/120 dated 07.01.2000 and F.14(RTUF)/IDBI/281 dated 15.12.2000 vide which formats under Technology Upgradation Fund Scheme were circulated for getting refinance and reimbursement of interest incentive from the SIDBI / IDBI under the scheme.

The SIDBI has introduced a certificate to be given by the Corporation in respect of the cases for which interest incentive claims are being sought. The specimen of the certificate is appended as Annexure �A�.

All concerned are advised to incorporate the certificate in the Annexure �G� circulated vide circular dated 07.01.2000 after ensuring compliance of the guidelines / contents of the certificate while forwarding the interest incentive claims to Head Office. The SIDBI will not entertain the claims for reimbursement of interest incentive without the required certificates, which please note.

This certificate is also required in respect of the cases for which claims for reimbursement of interest incentive for the quarter ended December, 2001 and March, 2002 have been sought. Therefore, all concerned are also advised to send the required certificate for these cases so that timely reimbursement of interest incentive may be obtained from the SIDBI.

( R.S.GUPTA )
GEN.MANAGER(FIN.)

Annexure � �A�

Specimen of the Certificate to be obtained from the

Primary Lending Institution / Co-opted Institution

�Certificate that the borrowers indicated in the statement for which claim for reimbursement of interest is being sought have not claimed reimbursement of interest for the quarter indicated against their name through any other Primary Lending Institutions / Banks / any other branches of our Bank.�

Further, these borrowers have not claimed reimbursement interest for the same quarter indicated against each through any other office of Small Industries Development Bank of India.

Signature of authorized signatory

Note :-

This certificate should be obtained on the statement of claim lodged by the PLI/Co-opted Institution.


RAJASTHAN FINANCIAL CORPORATION
(REFINANCE CELL )

Udyog Bhawan,
Tilak Marg,
JAIPUR � 302 005.

Ref.No.:RFC/F-14(IDBI)/Inct/244 Dated: 07.05.2002

CIRCULAR

Reg.: Introduction of new format(s) for claiming Interest Incentive under RTUF Scheme for other than SSI Sector.

Your kind attention is invited towards circular No. (RTUF)/IDBI/281 dated 15.12.2000 vide which formats for claiming interest incentive under RTUF Scheme were circulated. IDBI has now issued fresh guidelines alongwith revised formats for claiming interest incentive in RTUF cases for other than SSI sector. The copy of revised formats (proforma 5 and calculation sheet) alongwith procedural DO�s and DON�Ts for claiming the interest reimbursement from IDBI are enclosed.

All concerned are requested to go through the entire procedure and send the claims in respect of other than SSI cases in the revised format only. The claims for interest incentive should reach HO (Refinance Section) by 10 th of the month in which the interest has fallen due i.e. by 10 th April, 10 th July, 10 th September and 10 th December.

( R.S.Gupta )
GEN.MANAGER(FIN.)


RAJASTHAN FINANCIAL CORPORATION
(REFINANCE CELL )

Udyog Bhawan,
Tilak Marg,
JAIPUR � 302 005.

Ref.No.:RFC/F-14(RTUF)/Incentive/261 Dated: 10.05.2002

CIRCULAR

Reg.: 5% Interest Incentive claims under TUF Scheme in respect of SSI and SSI graduated to MSI cases..

Your kind attention is invited towards circular No. F.14(RTUF)/92 dated 02.09.1999, No. F.14(RTUF)/120 dated 07.01.2000 and F.14(RTUF)/IDBI/281 dated 15.12.2000 vide which formats for claiming reimbursement of 5% interest incentive have been circulated. Instances have come to notice that the branch offices have not been sending the correct information particularly position of the correct balance outstanding at the end of the quarter:

You are, therefore, advised to ensure following while sending the claims to HO:

  • The claims in respect of regular cases which are not in default in repayment of interest / principal instalment only need to be sent to HO.
  • Information may be provided about the defaulting units specifically mentioning period of default and amount in default.
  • If another general account of the same unit is in default where loan was sanctioned prior to sanction of loan under TUFS, information may also be provided separately.
  • Information in the Annexure-�A� require to be sent alongwith the claims.
  • Certificates as required vide circular No. F.14/RTUF/120 dated 07.01.2000 and circular No. F.14(RTUF)/Incentive/ 229 dated 27.04.2002 may be enclosed.

In order to lodge 5% Interest Incentive claims with SIDBI, you must ensure to dispatch the claims with above required information / papers by 7 th of April, July, October and January positively.

( R.S.Gupta )
GEN.MANAGER(FIN.)


RAJASTHAN FINANCIAL CORPORATION

BRANCH OFFICE __________

Annexure �A�

Claims under TUFS for reimbursement of 5% Interest Incentive for the quarter ending ______

 

(Amount in Rupees)

S.No

Name of the Unit

Outstanding brought forward (as indicated in the claim for last quarter)

Disbursement during the quarter

Interest due during the quarter

Principal Amount due during the quarter

Repayment made during the quarter

Outstanding at the end of current quarter

Remarks

Date

Amt

Date

Amt

Date

Amt

Interest

Principal

Principal

Interest

Total

Date

Amt

Date

Amt

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


RAJASTHAN FINANCIAL CORPORATION
( FINANCE SECTION )

Ref.No.RFC/F. Dated: 05.10.2004

C I R C U L A R

Reg. : 5% Interest Incentive under RTUF Scheme.

Attention is invited towards circular No.F.14(RTUF)120 dated 07.01.2000 and F.14(RTUF)/Incentive/229 dated 27.04.2002 vide which formats of certificates to be given by the Corporation for getting reimbursement of interest from SIDBI under Technology Upgradation Fund Scheme were circulated.

The SIDBI has introduced new format of certificates to be given now by the Corporation alongwith the claims. The specimen of the certificate is appended as Annexure �A�.

All concern are advised to incorporate the certificates in the Annexure �G� circulated vide circular dated 07.01.2000 in place of earlier certificates and send the interest incentive claims to Head Office after ensuring compliance of the guidelines/contents of the certificates, in future. The SIDBI will not entertain the claim for reimbursement of interest without this certificate henceforth.

After incorporating the new certificates there is no need to send the certificate as required vide circular No.229 dated 27.04.2002. However, the information as required vide circular No.261 dated 10.05.2002 is also to be sent alongwith the claim regularly.

( R . S. GUPTA )
GEN.MANAGER(FIN.)

ANNEXURE - �A�

SPECIMEN OF THE CERTIFICATE TO BE GIVEN BY THE CORPORATION

1) The machinery acquired under the scheme is eligible for coverage under the scheme as per the instructions issued by SIDBI/Ministry of Textiles from time to time. The proposals against which the interest incentive is claimed, conform to the current norms and guidelines stipulated under the scheme and there are no Non-performing Assets against which reimbursement has been claimed.

2) The incentive amount released by SIDBI for the previous quarter (i.e. for the quarter ended ) has already been passed on to the beneficiary units. The interest incentive claimed above will be passed on to the aforesaid borrowing units within 15 days from the date of actual reimbursement of the incentive amount by SIDBI.

3) There are no rescheduled cases for which repayment period exceeds the maximum time limit for repayment of 10 years.

4) Interest calculation for interest subsidy claim is done only on principal outstanding under TUF scheme and does not include other debited amount such as interest debited to the account, or any other charges.

5) The claims for the quarter for which reimbursement is being sought have not been claimed from any other financial institution or bank or branches of SIDBI.

6) SIDBI shall have the right to inspect our books and the loan accounts irrespective of whether refinance is availed or not from SIDBI under the scheme and / or call for any other information as may be required by GOI, from time to time.

7) During implementation and / or during the currency of the loan, if SIDBI comes to the conclusion that any of the accounts do not conform to the policies, procedures and guidelines laid down by GOI/SIDBI under the scheme from time to time, SIDBI shall have the right to recall the entire amount of interest incentive/cover for exchange fluctuation paid, from the PLI, in respect of such units. We undertake to refund the entire amount of interest incentive / cover for exchange rate fluctuation of 15% p.a. in respect of such assisted units whether or not we have recovered the said interest incentive / exchange fluctuation from those units.

Signature
Branch Manager

Notes:

(+) In case the Chief Promoter / Promoter belongs to minority community, please state whether he / she is a Christian (C), Muslim (M), Neo-Buddhist (N), Sikh (S), or Zoroastrian (Z) by using abbreviations.

(@) Please also indicate whether the unit is located in backward district (B) / non-backward district (NB).

(a) Under Column 4 -�Textile - Sub-sector�, please indicate Cotton Ginning and Pressing (CGP), Silk Reeling and Twisting (SRT), Wool Scouring and Combing (WSC),Synthetic Filament Yarn - texturising, crimping and twisting (SFY), Spinning (SPG), Viscose Filament Yarn (VFY), Weaving(WVG), Knitting including non-wovens (KNG), Fabric Embroidery (FEY) and Technical Textiles (TXS), Garment / Made-up manufacturing (GMT), Processing of fibers, yarns, fabrics, garments and made-ups (PCG) as the case may be, by abbreviation.

(b) Under Column 6 - �New or Second Hand�, please indicate New (N) or Second Hand (S) as the case may be by abbreviation.

 

Contact Us

We are always ready to help you out regarding all your queries. Send us a message via the form below or you can email or call us. Get the ever fast 24x7 support now!

Call Us

0141-2385522 (Ext. 333)

Office Location

Udyog Bhawan, Tilak Marg, Jaipur, Rajasthan, INDIA

Contact Information


Address

Udyog Bhawan, Tilak Marg, Jaipur, Rajasthan, INDIA, 302005

HO Officers Contact Nos & e-Mail IDs

BO Officers Contact Nos & e-Mail IDs

Phone No./Fax No.

0141-2385522 (Ext. 333)

OFFICERS