Tripura Minorities Co-Operative Development Corporation Ltd.

(T.M.C.D.C.L.)

Lake Chowmuhani, Agartala West Tripura.

I N T R O D U C T I O N

The 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.50.00 cores. The Share Capital comprised of 2.50 lakhs (two lakhs fifty thousand) @ Rs.10/- each for the individual members termed as “A” class share and 4.975 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 31/03/2014

No of “A” class share = 1970 nos = Rs. 3.84 lakhs.

No of State Govt.“B”class share=24,695 nos = Rs. 246.95 lakhs.

Total = Rs. 250.79 lakhs

 

O B J E C T I V E S

1. 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.

S T R A T E G I E S

1) Taking refinance from National Minorities Development &

Finance Corporation (NMDFC) on simple interest @ 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 TMCDC @ 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.

ADMINISTRATIVE SETUP - TMCDCL

Board of Director

Chairman

Elected Member – 8 nos including Chairman

Nominated Member – 3 nos

a) Secretary ,MW- Member b) Director , MW- MD

c) One Representative of NMDFC General Manager

S T A F F

i)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.

UNIT COST OF TERM & EDUCATION LOAN ACCORDING TO NORMS OF NMDFC

Sl No

Sectors/Scheme Unit CostRs in lakh

A ) Transport sector:

i) Auto Rickshaw(Petrol) ii) Mini Passenger vehicle & Goods Carrier vehicles

@ Rs.1.40

@ Rs.5.00

B ) Business Sector:-Grocery, Stationery, Readymade Garments, Small Business, Restaurant etc.

@ Rs.2.00

C ) Agriculture Sector:-Fishery, Poultry, Milch. Cow, Rice Mill, Rubber Plantation etc.

@ Rs.1.00-2.00

D ) Artisan Sector:-Band party, Beauty Parlor, Furniture shop etc

@ Rs.2.00

E ) Technical Sector:-Mobile repairing, Radio/TV repairing, Photography, Auto Workshop etc. Unit cost

@ Rs.2.00

F ) Educational Sector: (Details at next slide) @ Rs.1.50 to 15.00

RATE OF LOAN ON EDUCATION SECTOR

Sl No

Courses Amount (Maximum) Rs in Lakhs

Rate of Installment

1 B.E/B.Sc in IT (4 years).

3.20 Rs. 0.80 lakhs

2 B.Sc Nursing (4 Years).

3.00 Rs. 0.75 lakhs

3 GNM (3 & ½ Years). 2.10 Rs. 0.60 lakhs

4 Diploma in Polytechnic courses ( 3 Years).

1.50 Rs. 0.50 lakhs

5 M.B.A (2 Years). 1.50 Rs. 0.75 lakhs

6 B.D.S (4 years). 6.50 1st Inst. Rs. 2.00 lakhs & rest @ Rs. 1.50 lakhs

7 M.B.B.S (inside the Country) 5 years.

8.00 1st Inst. Rs. 2.00 lakhs & rest @ Rs. 1.50 lakhs

8 M.B.B.S (Outside the Country) 5 years.

15.00 1st Inst. Rs. 5.00 lakhs & rest @ Rs. 2.50 lakhs

RESTRICTIONS ON UTILIZATION OF FUNDS AS PER NMDFC’S NORMS

Terms & Conditions of lending for Tripura against borrowing from

NMDFC as indicated below.

1. Transport Sector - 50%

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 10.00 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 20.00 lakhs for courses abroad with maximum duration of 5 years @ Rs.4.00 lakhs per annum and moreover up to Rs.10.00 lakhs for professional & job oriented degree courses in India with maximum duration of 5 years @ Rs.2.00 lakhs per annum.

 

ACHIEVEMENT SINCE INCEPTION W.E.F 1997-98 TO 2013-14

Sl No

Sectors/Schemes Total loan given to beneficiary

No of beneficiaries

Average unit cost

1 Transport Sector Rs. 1313.28 lakhs 1178 nos 1.12 lakhs

a) Auto Rickshaw

b) Bolero Maxi Truck, Maximo Van, Bolero

etc

c) TATA Ace,TATA Magic etc

d) Maruti Van

1092 nos

18 nos

60 nos

08 nos

2 Other Business Sector

Rs. 482.34 lakhs 657 nos 0.73 lakhs

3 Education Sector Rs. 134.77 lakhs 135 nos 0.998 lakhs

Total Rs. 1930.39 lakhs 1970 nos

EDUCATION LOAN DISBURSED SINCE INCEPTION TO

2014-15 (Up to 18th June,2014)

SL no

Name of courses Duration of courses

Total no of Student

1 B.E in IT/B.Sc courses

4 years degree 37 nos

2 M.B.B.S 5 years 17 nos

3 M.B.A 2 years 3 nos

4 B.D.S 4 years 2 nos

5 G.N.M 3 ½ years 49 nos

6 Diploma 3 years 30 nos

7 B.H.M 4 years 6 nos

8 B.Sc Nursing 4 years 3 nos

TOTAL 147 nos

ACHIEVEMENT OF LAST FINANCIAL YEAR 2013-14

Fund borrowed from NMDFC: Rs.9.00 Crors.Loan disbursed during 2013-14: Rs.7.82 Crors.

Item Target Achieved

Amount Rs in Lakhs

Average Unit Cost

Average % of Disbursement

Transport sector 250 275 444.59 1.61 lakhs 1. Entire loan amount disbursed in one time installment within 7 days of sanction.

Small Business & Other Scheme

150 237 259.82 1.09 lakhs do

Education loan 70 42 77.70 1.85 lakhs

Total: 470 554 782.11

In 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 Annual @ Rs.1.5 lakhs .In respect of MBBS Course outside the country 1st Annual installment Rs 5.00 lakhs & rest Annual installment @ Rs.2.50 lakhs.

ACHIEVEMENT DURING FINANCIAL YEAR 2014-15 Fund borrowed from NMDFC: Nil. Spill over fund: Rs. 2 . 33 Crores. Loan disbursed during 2014-15 (up to June 19, 2014) : Rs. 1 . 88 Crores. Balance fund: Rs. 0. 45 Crores

Sl Item Target

Achieved

Amount in Lakhs

1 Auto Rickshaw 300 58 76.802 Passenger & goods

Carrier vehicles.75 5 19.79

3 Small Business & other Agri allied scheme

175 46 77.18

4 Education Loanfor higher studies

60 12 13.95

5 Mahila Samridhi Yojana

40 00 Nil

Total 650 121 187.72

YearState Govt. Guarantee provided.

Fund Borrowed

from NMDFC.

Loan disbursed by the Corporation.

Recovery made by the Corporation.

No of Beneficiaries benefitted.

Rs. in lakhsRs. in lakhs

1997-9820.00 13.42 -- --

-

1998-99 250.00 66.79 42 20.980.70

1999-00 00 36.00 107 47.482.13

2000-01 00 00 105 41.175.19

2001-02 00 00 35 13.1012.56

2002-03 00 50.00 58 28.5011.56

2003-04 00 00 23 10.5715.46

2004-05 00 50.00 07 5.9216.95

2005-06 00 5.00 49 20.7415.92

2006-07 00 25.00 45 25.1214.93

2007-08 00 30.00 65 34.0512.84

2008-09 00 50.00 64 32.5515.82

2009-10 00 96.00 88 51.8423.90

2010-11200.00

100.00 130 106.5167.39

2011-12200.00

200.00 210 228.8232.39

2012-13300.00

541.00 398 480.9387.08

2013-14500.00

900.00 554 782.11183.87

Total:- 1470.00 2163.21 1970 1930.39 518.68

(66.55%)

YEAR WISE ACHIEVEMENT OF TMCDCL SINCE INCEPTION.

REPAYMENT MADE TO NMDFC UP TO 31/03/2014Total demand raised by NMDFC up to 31/3/2014 was Rs 534.25 lakhs.

Repayment by TMCDCL Rs. 534.25 lakhs upto 31/03/2014 made as follows

Year Repayment made to NMDFC

Principal Interest Total

1998-99 1.40 1.37 2.77

1999-00 9.26 1.09 10.35

2000-01 15.61 3.75 19.36

2001-02 15.15 2.02 17.17

2002-03 22.60 3.38 25.98

2003-04 11.93 0.86 12.79

2004-05 11.60 - 11.60

2005-06 31.01 - 31.01

2006-07 18.42 - 18.42

2007-08 20.56 1.89 22.45

2008-09 10.83 4.17 15.00

2009-10 10.83 4.18 15.01

2010-11 19.61 10.75 30.36

2011-12 54.44 13.72 68.16

2012-13 69.53 24.79 94.32

2013-14 100.20 39.23 139.43

Total: 422.98 111.20 534.18

ACTION PLAN FOR THE YEAR 2014-15

Sl No

Item Nos Amount Rs. in Lakhs

1 Auto Rickshaw. 300 426 . 00

2 Passenger & goods carrier vehicles.

75 303 . 30

3 Small Business & other Agri allied Scheme.

175 270 . 70

4 Education Loanfor higher studies.

60 76 . 50

5 Mahila Samridhi Yojana (@ Rs. 17,000/- per women for Homestead Business like Fat Rice, Cloth Business etc.

40 6 . 80

Total 650 1083 . 30

PROPOSED ALLOCATION FOR THE YEAR 2014-15

(1)NMDFC is to allocate for 2014-15 (@ 90%) 975.00

lakhs

(2)Matching Share required from State Govt. (@5%) 54.15

lakhs

(3)Beneficiary contribution (@5%) 54.15

lakhs

Rs. 1083.30

lakhs

For Borrowing fund from NMDFC, Block State Govt.

Guarantee is required for the year 2014-15: Rs. 10.00 Cr.

INNOVATIVE SCHEMES (Placement linked skill training program)

Job Oriented Vocational Training SEKHO AUR KAMAO (LEARN & EARN)in collaboration with IIIML for 720 Minority Unemployed Youth

Sl No

Name of Trade Duration of Training

No of

Youth

Location of training for all trades

1 Information Technology & IT enabled Services

3 months

120 NACC, Buddha Mandir,Agartala

2 Electronics /IT Hardware

3 months

120 NACC,Udp,Ramesh Chowmahani

3 Security Guard (for male)

0 1 month

120 NACC,Sonamura, Shopping Complex

4 Personal Dev. Programme

3 months

120 CMC, Near Noapara Post Office, DMN

5 120 Kailashar IACT,PWD Rd KLS

6 120 Salema Kumudini Computer Education,Kamalpur

Total 720Total Rs 111.98 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

R E C O V E R Y OF L O A N S As shown in the previous slide no 13, loan disbursed by

the TMCDCL from 1997-98 to 2013-14 Rs.1930.39 lakhs & Recovery made Rs. 518.68 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 2012-13 for an amount of Rs.12.22 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.

STEPS 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 2011-12 from RCS.

Awareness & loan recovery camps to be extensively organised. Last camp held at Kadamtala, Dharmanagar on 04-06-2014.

Next 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

STEPS 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.1083.30 lakhs. Hence revision of unit may be considered during 2015-16 subject to availability of fund from NMDFC on state Govt. guarantee as follows

Sl No

Sectors / Scheme Existing Unit Cost Proposed Unit Cost for 2015-16Rs. in Lakhs

A ) Transport sector:

At Actuals i) Auto Rickshaw(Petrol)

ii) Mini Passenger vehicle & Goods Carrier vehicles

@ Rs.1.40

@ Rs.5.00

B ) Business Sector:-Grocery, Stationery, Readymade Garments, Small Business, Restaurant etc.

@ Rs.2.00 3..00

C ) Agriculture Sector:-Fishery, Poultry, Milch. Cow, Rice Mill, Rubber Plantation etc.

@ Rs.1.00-2.00 3.00

D ) Artisan Sector:-Band party, Beauty Parlor, Furniture shop etc

@ Rs.2.00 2.50

E ) Technical Sector:-Mobile repairing, Radio/TV repairing, Photography, Auto Workshop etc. Unit cost

@ Rs.2.00 2.50

F ) Educational Sector @ Rs.1.50 to 15.00

1.50 to 20.00 Continued next slide

STEPS 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 June 2014 .

According 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.

T M C D C L