Cold Storage Pkm

7/30/2019 Cold Storage Pkm

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CSC KOLKATA

WEL COMES

YOU ALL


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COLD STORAGE

(a) Eligible Organizations :

Corporations, Companies, Cooperatives, Proprietary & Partnershipfirms, Agricultural Produce Marketing Committees / Boards, AgroIndustries Corporations and Growers Associations.

(b) Project Cost :

The project cost will depend upon the capacity, technology used forcold storages for horticulture produce and machineries etc. subject tothe norms of appraisal of financing banks/NABARD regardingtechnical feasibility / financial viability.


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COLD STORAGE (a) for cold storage and its Eligible Institutions for refinance

from NABARD :

Commercial Banks (CBs) Regional Rural Banks (RRB s), State Co-operative Bank (SCB s), State Co-operative Agricultural & RuralDevelopment Banks (SCARDB s), Agriculture Development Finance

Companies (ADFC s) and other institutions that are eligible to obtainrefinance assistance from NABARD.

(b) Technical Aspects :

Emphasis shall be laid on the following points :

Reducing Post Harvest Management losses with multi-chamber

and multi-product facilities ; Modern Design/Technology and Energy Savings Equipment /

Devices to be adopted to avoid obsolescence of machinery etc.

Improvement in technology like shifting from Diffuser System toGravity Cooling System / Fincoil System, etc.

A backup arrangement of supply of power through diesel generating setswould be necessary would form part of the capital cost of the project.


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COLD STORAGE (a) Quantum of Subsidy :

(i) The subsidy will be available only in States / UnionTerritories / Areas which do not administer or control rentals for coldstorages under any statutory or administrative order.

(ii) The office of the Agriculture Marketing Adviser, Directorateof Marketing & Inspection would continue to persuade removal of controlon rentals in those States where the respective States are still operatingtheir own Cold Storage Control Acts.

(iii) AMA will also provide free consultancy support forconstruction of cold storages and also manpower-training, especially tothe North-Eastern States.


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COLD STORAGE(i) The unit cost permissible for the purpose of calculation of

subsidy is 25% of the project cost arrived as per paragraph(b) above orthe ceilings mentioned below, whichever is less.

(a) New Cold storage/expansion of existing cold storage Rs.4000per tone

(b) Modernization/rehabilitation of existing cold storageRs.1000 per tone

Storage for horticulture produce like onionRs.2000 per tone

The permissible subsidy calculated as above is subject to a maximum of

Rs.50 lakh per project. However, for the projects in the North-EasternStates, maximum subsidy admissible would Rs.60.00 lakh @ 33.33%of the project cost. For calculating subsidy, the capacity of cold storagecan be decided by providing a volume of 3.4 cum. per tone or 120 cft.

per tone of produce.

(i) Projects upto 5000 tonnes capacity would be preferred. The

sanction/release of subsidy under the scheme is subject to availabilityof funds the instructions/ uidelines issued b the Govt. of India/


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COLD STORAGE (a) Term Loan /Margin Money :

(i) The margin money is 25% for the term loan. 50% of theproject cost can be raised as term loan from institutional agencies. Theeligible amount of subsidy also would be allowed as term loan.

(ii) The value of land to be computed in the project cost

should not exceed 10% of the project cost. In other words, in case thecost of the land exceeds 10% of the cost of project, such value to theextent of 10% of the total cost should only be computed in the projectcost. The cost of land computed in the project cost is to be reckonedtowards the margin money required to be met by the enterprise. Theabove is subject to the following conditions :

a. The cost of the land will be computed in the project costonly when the land is to be purchased by the enterprise.

b. The cost of the land should be the purchase value and notthe market value.

c. The value of that portion of the land which is need based

for the project only is included.


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COLD STORAGE (a) Rate of Interest to be Charged from borrower :

Size of Unit Commercial

Bank

RRB s/ADFC s/SCB

s/SCARDB s

i) Up to Rs.2.00

lakhs

Not exceeding

PLR of the Bank

Not exceeding PLR of

Convenor Bank of the

State Level Bankers

Committee (SLBC) of the

Concerned State.

ii) Above Rs.2.00

lakhs

Not exceeding 1%

above PLR of the

Bank

Not exceeding 1%

above PLR of the

Bank


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COLD STORAGE

(a) Rate of Interest on refinance amount

To be charged to financing banks : 8.5 per cent

(i) Quantum of Refinance :

90% of amount financed to borrower (95% in case ofSCARDB s in North Eastern Region and Sikkim ).

(j) Repayment Period :

Repayment period will depend upon the cash flow and willbe up to nine years including a grace period of two years.

(k) Period of implementation of Project :

April 1999-March 2000 to April 2001-March 2002 (i.e.

three years)


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COLD STORAGE


To be charged to financing banks :8.5 per cent


90% of amount financed to borrower (95% in case of SCARDB sin North Eastern Region and Sikkim ).


Repayment period will depend upon the cash flow and will be upto nine years including a grace period of two years.


April 1999-March 2000 to April 2001-March 2002 (i.e. three years)


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COLD STORAGE


To be charged to financing banks : 8.5 per cent


90% of amount financed to borrower (95% in case of SCARDB s inNorth Eastern Region and Sikkim ).


Repayment period will depend upon the cash flow and will be up tonine years including a grace period of two years.


April 1999-March 2000 to April 2001-March 2002 (i.e. three years)


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COLD STORAGE (k) Physical Outlay :

(a) Physical program envisages creation of 12 lakh tones capacityof additional cold storage, modernization / rehabilitation of 8 lakh tones ofcold storage capacity and addition of 4.5 lakh tones of onion storage (1.5lakh ton

(b) nes on-farm storage in production areas and 3 lakh tonesbuffer god own at APMC and terminal markets). The scheme wouldinclude construction of a 4000 tones capacity onion storage with moderntechnology at a cost of Rs.2.50 crore on a pilot basis which would beimplemented by NAFED. The target for the year 1999-2000 is creation ofadditional cold storage capacity of 3 lakh tones, modernization /rehabilitation of cold storage capacity 2 lakh tones and other storages of

the capacity of 1.5 lakh tones to be implemented by NABARD / NCDC /NHB.

(ii) Wherever term loans are not raised from institutional sourcesand the promoters fund projects entirely through internal resourcegeneration, such proposals may be submitted to NHB directly. As regardsthe projects financed by NCDC the subsidy applications may be

submitted to NCDC.


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COLD STORAGE

(O) Other terms and conditions :

The usual terms and conditions on whichrefinance is given to banks continue to be

applicable for the above scheme.


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THANK YOU

Cold Storage Pkm

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