**Report on Sugar Development Fund Amendment Rules, 2021**
**1. Executive Summary:**
This report analyzes the Sugar Development Fund Amendment Rules, 2021, based on the official notification published by the Department of Food and Public Distribution, Ministry of Consumer Affairs, Food and Public Distribution. The amendment primarily focuses on broadening eligibility criteria for loans, introducing flexibility in security requirements, addressing loan defaults, and restructuring loans for potentially viable sick sugar undertakings. These changes aim to facilitate the rehabilitation and modernization of sugar factories, thereby ensuring the sustained development of the sugar industry. The key findings of the report indicate a shift towards a more inclusive and flexible approach to supporting sugar undertakings facing financial challenges, while also incorporating measures to address loan repayment defaults.
**2. Introduction:**
The purpose of this report is to provide a comprehensive overview of the Sugar Development Fund Amendment Rules, 2021, based solely on the text of the official notification. The report will analyze the key changes introduced by the amendment, its potential impact on sugar undertakings, and the inferred implementation aspects.
**3. Policy Overview:**
* **Original Policy Being Amended:** Sugar Development Fund Rules, 1983
* **Core Objective(s) as inferred from the provided text:** To facilitate the development of the sugar industry by providing financial assistance to sugar undertakings, especially those considered potentially viable but facing financial difficulties. The amendments seek to refine the processes and criteria for accessing and managing these funds.
**4. Background and Rationale:**
The amendment appears to address several issues within the original Sugar Development Fund Rules. Based on the provided text, these issues include:
* **Limited Eligibility:** The original rules may have had restrictive eligibility criteria for accessing financial assistance, particularly regarding the type of sugar undertakings (e.g., limiting to cooperative societies).
* **Rigid Security Requirements:** The original rules might have had inflexible security requirements for loans, potentially hindering access to funds for undertakings with limited collateral.
* **Lack of Measures for Loan Defaults:** The original rules may have lacked explicit mechanisms for dealing with loan defaults, leading to potential financial instability for the Sugar Development Fund.
* **Limited Flexibility for Sick Sugar Undertakings:** The original rules might have been insufficiently flexible in addressing the specific needs of sick sugar undertakings requiring rehabilitation. The amendments introduce measures for loan restructuring.
**5. Key Provisions / Changes:**
The Sugar Development Fund Amendment Rules, 2021, introduce the following key changes:
* **Amendment to Rule 2 (i):** The definition of "cooperative" is broadened to include "private or public or cooperative" sectors for loans in clause ff, making entities beyond cooperatives eligible. This change *expands the scope of eligible sugar undertakings* to include private and public entities, potentially increasing access to funding for a wider range of businesses.
* **Amendment to Rule 2 (ii):** Changes the definition of potentially viable sick sugar undertaking to include those in the private, public, or cooperative sector, provided a rehabilitation scheme has been recommended by the Committee for rehabilitation. This change *expands the scope of eligible sick sugar undertakings* to include private and public entities, potentially increasing access to funding for a wider range of businesses.
* **Amendment to Rule 21 (i) & (ii):** This rule outlines eligibility for loans to potentially viable sick sugar undertaking, requiring recommendation from the Committee for Rehabilitation, and approval from a financial institution or scheduled bank, with no more than one loan under Rule 16, 22, or 23 outstanding. In subrule (ii) The proviso is updated to emphasize the Committee for rehabilitation's recommendation. This change ensures that loans are only provided to entities undergoing rehabilitation, and if that rehabilitation is recommended by the commitee for rehabilitation.
* **Amendments to Rules 22, 22A, and 23:** These rules now stipulate that State Government guarantee or "such other security, as may be decided by the Committee," is furnished for the Sugar Development Fund loan. This change *introduces flexibility* in security requirements, allowing the Committee to consider alternative forms of security beyond State Government guarantees, potentially making it easier for undertakings to secure loans.
* **Addition to Rule 25:** A new subrule 7 is inserted, allowing the Central Government to initiate proceedings under the Insolvency and Bankruptcy Code, 2016, in case of two consecutive defaults in loan repayment. This change *introduces a stricter enforcement mechanism* for loan repayment, potentially improving the financial health of the Sugar Development Fund.
* **Amendment to Rule 26:** This rule addresses the restructuring of loans, interest, or additional interest for potentially viable sick sugar undertakings, taking into consideration the scheme of rehabilitation recommended by the Committee for rehabilitation. It clarifies that outstanding principal and simple interest cannot be waived, but additional interest may be waived at the Central Government's discretion. The second proviso now states that loans during the restructuring period are only eligible as part of rehabilitation scheme under rule 21. Additionally, the application form (Form No. XI) for loan restructuring is updated, requiring detailed financial and operational information from the sugar factory and undertaking. Also, the member secretary shall place the recommendations of the committee before the said committee. This change *provides a framework for restructuring loans* to support the rehabilitation of sick sugar undertakings, balancing the need for financial assistance with the protection of the Fund's assets.
**6. Target Audience and Stakeholders:**
Based on the provided text, the primary target audience and stakeholders are:
* Sugar undertakings (private, public, and cooperative) seeking financial assistance from the Sugar Development Fund, especially those considered potentially viable but facing financial challenges.
* Committees involved in recommending rehabilitation schemes for sick sugar undertakings.
* Financial institutions and scheduled banks providing financial assistance to sugar undertakings.
* The Central Government (specifically the Department of Food and Public Distribution) responsible for administering the Sugar Development Fund.
* State Governments (potentially through the guarantee provision).
**7. Implementation Aspects (Inferred):**
* **Responsible agency/bodies:** The Department of Food and Public Distribution, the Committee for rehabilitation, financial institutions, and scheduled banks.
* **Timelines or procedures:** While specific timelines are not detailed, the amendment implies a process involving application, recommendation by the Committee for rehabilitation, approval by a financial institution/bank, and potential restructuring by the Central Government. The reference to the Insolvency and Bankruptcy Code introduces a legal framework for handling loan defaults.
* **Focus on specific changes:** Implementation will require the Committee for rehabilitation to assess rehabilitation schemes considering the broadened eligibility of sugar undertakings. The committee must also decide if guarantees are required for specific loans. The central government will be responsible for tracking and enforcing the loan repayment terms, including the potential initiation of insolvency proceedings.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcomes of these amendments are:
* **Increased Access to Funding:** The broadened eligibility criteria will likely increase access to funding for a wider range of sugar undertakings, including private and public entities.
* **Improved Rehabilitation of Sick Units:** The provisions for loan restructuring and flexibility in security requirements are expected to facilitate the rehabilitation of potentially viable sick sugar undertakings.
* **Enhanced Financial Discipline:** The stricter enforcement mechanism for loan defaults is likely to improve financial discipline and reduce the risk of losses for the Sugar Development Fund.
* **More Efficient Use of Funds:** The amendments may lead to more efficient use of funds by targeting assistance to potentially viable undertakings and ensuring that loans are used for modernization, rehabilitation, or diversification projects.
**9. Conclusion:**
The Sugar Development Fund Amendment Rules, 2021, represent a significant update to the existing framework for supporting the sugar industry. By broadening eligibility, introducing flexibility, addressing loan defaults, and facilitating loan restructuring, the amendments aim to create a more sustainable and financially sound sugar sector. These changes are expected to have a positive impact on sugar undertakings, particularly those facing financial challenges, and contribute to the overall development of the industry.
Key Entities Referenced
NEW DELHI: Location of publication
Ministry of Consumer Affairs, Food and Public Distribution: The ministry under which the Department of Food and Public Distribution operates.
Department of Food and Public Distribution: The department issuing the notification.
Sugar Development Fund Act, 1982: The Act under which the powers are conferred to amend the rules.
Central Government: The governing body making the rules.
Sugar Development Fund Rules, 1983: The rules being amended by this notification.
Sugar Development Fund Amendment Rules, 2021: The name of the amended rules.
Official Gazette: The publication in which the rules are published.
Committee for rehabilitation: A committee responsible for recommending rehabilitation schemes for potentially viable sick sugar undertakings.
State Government: The government at the state level providing guarantees.
Insolvency and Bankruptcy Code, 2016: The legal code under which proceedings may be initiated for defaults in Sugar Development Fund loan repayments.
Sugar Development Fund: The fund from which loans are given to sugar factories.
Form No. XI: Application for restructuring of loan taken from the Sugar Development Fund
Subodh Kumar Singh: Jt. Secy. Sugar and Admn.
Government of India Press, Ring Road, Mayapuri, New Delhi110064: The location where the document was printed.
Delhi: Location of the Controller of Publications.
रजजस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-27032021-226190
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CG-DL-E-27032021-226190
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 161] नई ददल्ली, िक्रु र्ार, माच व26, 2021/चत्र 5, 1943
No. 161] NEW DELHI, FRIDAY, MARCH 26, 2021/CHAITRA 5, 1943
उपभोक्त ा मामल,े खाद्य और सार्जव जनक जर्तरण मत्रं ालय
(खाद्य और सार्जव जनक जर्तरण जर्भाग)
अजधसचू ना
नई ददल् ली, 24 माच,व 2021
सा.का.जन. 210(अ).—केन्द रीय सरकार, चीनी जर्कास जनजध अजधजनयम, 1982 (1982 का 4) की धारा 9 के
साथ पठित धारा 4 द्वारा प्रदत् त िजतियय का प्रयोग करत े ुए, एतदद्वारा चीनी जर्कास जनजध जनयम, 1983 में और संिोधन
करने के जलए जनम्न जलजखत जनयम ननाती ह, अथावत:्-
1. (1) इन जनयम का संजिप्त नाम चीनी जर्कास जनजध (सिं ोधन) जनयम, 2021 ह।
(2) ये राजपत्र में उनके प्रकािन की तारीख को प्रर्ृत् त ह गे।
2. चीनी जर्कास जनजध जनयम, 1983 (जजसे इसमें इसके पश्चात उक्त जनयम कहा गया ह) , के जनयम 2 म,ें-
(i). खण् ड (चच) म,ें “सहकारी” िब् द के स्ट् थान पर “जनजी अथर्ा सार्वजजनक या सहकारी” रखा जाएगा;
(ii). खण् ड (ञञ) के जलए, जनम्न जलजखत खण्ड रखा जाएगा अथावत :-
‘(ञञ) “संभाजर्त रूप से व्यर्हायव रुग्ण चीनी उपक्रम” से जनजी अथर्ा सार्वजजनक या सहकारी िेत्र में जस्ट्थत कोई चीनी
उपक्रम अजभप्रेत ह, जजसके संनंध में पुनस्ट्थावपन सजमजत द्वारा पनु स्ट्थावपना की कोई स्ट्कीम संस्ट्ततु की गई ह” ।
3. उक्त जनयम में जनयम 21(i) के उप-जनयम (1) के जलए, जनम् नजलजखत उप-जनयम रखा जाएगा:
1839 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
“(1) संभाजर्त रूप से व्यर्हायव रुग्ण चीनी उपक्रम, संयंत्र और मिीनरी के आधुजनकीकरण अथर्ा पुनस्ट्थावपन या एल्कोहल
अथर्ा िीरे या गन्न े के रस से एनहाइड्रस एल्कोहल अथर्ा इथेनोल के उत्पादन अथर्ा खोई आधाठरत सह-उत्पादन जर्द्युत
पठरयोजना के जलए ऋण हते ु पात्र होगा:
परन्दत ु पनु स्ट्थावपन सजमजत द्वारा संभाजर्त रूप स े व्यर्हायव रुग्ण चीनी उपक्रम के जलए पुनस्ट्थापव न स्ट्कीम म ें इस जनजध
से दकसी ऋण की संस्ट्तुजत की गई होोः
परन्दत ु यह और दक संयंत्र और मिीनरी के आधुजनकीकरण अथर्ा पुनस्ट्थावपन या एल्कोहल अथर्ा िीरे या गन्न े के रस
से एनहाइड्रस एल्कोहल अथर्ा इथेनोल के उत्पादन अथर्ा खोई आधाठरत सह-उत्पादन जर्द्युत पठरयोजना की ऐसी
कोई स्ट्कीम अथर्ा पठरयोजना दकसी जर्त्तीय संस्ट्थान अथर्ा अनुसूजचत नैंक द्वारा अपनी संगत स्ट्कीम के अधीन
जर्त्तीय सहायता के जलए अनुमोददत हो:
परन्दतु यह भी दक कोई चीनी उपक्रम इस जनयम के अधीन ऋण हते ु पात्र नहीं होगा, यदद जनयम 16 अथर्ा 22 या
23 के अधीन एक से अजधक ऋण का पणू व पुनभुवगतान िेष रहता ह।
(ii) उप-जनयम (2) म ेंप्रथम परन्द तुक के जलए जनम्न जलजखत परन्दत ुक रखा जाएगा अथावत:-
“परन्दतु पनु स्ट् थावपन सजमजत द्वारा संभाजर्त रूप से व् यर्हायव रुग्ण चीनी उपक्रम के जलए पुनस्ट्थ ावपन स्ट् कीम म ें जनजध से ऋण
की संस्ट् तुजत की गई हो” ।
4. उक्त जनयम म,ें जनयम 22 के, उप-जनयम (1क) में खण्ड (iv) के जलए जनम्न जलजखत खण् ड रखा जाएगा, अथावत:्-
“(iv) चीनी जर्कास जनजध ऋण के जलए चीनी कारखाने अथर्ा चीनी उपक्रम द्वारा राज्य सरकार की गारण् ी अथर्ा ऐसी
प्रजतभूजत, जजसका जनणवय सजमजत द्वारा दकया जाए, दी जाएगी।”
5. उक्त जनयम म ें जनयम 22क के उप-जनयम (1क) में खण्ड (iv) के जलए जनम्न जलजखत प्रजतस्ट् थाजपत दकया जाएगा:
“(iv) चीनी जर्कास जनजध ऋण के जलए चीनी कारखाने अथर्ा चीनी उपक्रम द्वारा राज्य सरकार की गारण् ी अथर्ा ऐसी
प्रजतभूजत, जजसका जनणवय सजमजत द्वारा दकया गया ह, प्रस्ट्तुत की जाएगी।”
6. उक्त जनयम म ेंजनयम 23 के उप- (1क) में खडं (iv) जनम्न जलजखत को रखा जाएगा:
“(iv) चीनी जर्कास जनजध ऋण के जलए चीनी कारखाने अथर्ा चीनी उपक्रम द्वारा राज्य सरकार की गारण् ी अथर्ा ऐसी
प्रजतभूजत, जजसका जनणवय सजमजत द्वारा दकया जाए, दी जाएगी।”
7. उक्त जनयम में जनयम 25 म ें उप-जनयम (6) के पश्चात ् जनम्न जलजखत उप-जनयम अन्दतोःस्ट्थाजपत दकया जाएगा
अथावत:्
“(7) दकसी ऋण अथर्ा उसकी दकस्ट् त के पुनभगुव तान में लगातार दो चूक होने के मामल े में केंन्दरीय सरकार, ददर्ाला और
ददर्ाजलयापन संजहता, 2016, के प्रार्धान के अधीन कायवर्ाही िुरू कर सकती ह। ”
8. उक्त जनयम म ेंजनयम 26-
(i) में उप-जनयम (1) के जलए जनम्न जलजखत उप जनयम रखा जाएगा अथावत:-
“(1) जनयम 16, 17, 21, 22, 22क, 23, 24 और 25 में दकसी नात के होत े ुए भी केंन्दरीय सरकार पनु स्ट् थावपन और अन्द य
संगत घ क के जलए सजमजत द्वारा संस्ट् तुत पनु स्ट् थावपन स्ट् कीम को यान में रखकर संभाजर्त रूप स े व्यर्हायव रुग्ण चीनी
उपक्रम के ऋण, ब् याज अथर्ा इसमें चूक होने के कारण अजतठरक्त ब् याज की पुनसचरचना कर सकती ह: -
परन्दत ु ऐसी पनु सचरचना करत े समय उक्त संगत समय पर नकाया मूलधन अथर्ा लागू दर पर साधारण ब् याज के दकसी भी
जहस्ट्स े को मान नहीं दकया जाएगा;
परन्दत ु यह दक केन्दरीय सरकार अपने जर्र्ेकानुसार कारण को जलजखत म ें दजव करते ुए पणू व अजतठरक्त ब् याज अथर्ा इसके
भाग को मान कर सकती ह। ”
(ii) उप-जनयम (2) म,ें प्रथम और दसू रे परन्द तुक के जलए, जनम्न जलजखत परन्द तुक रखा जाएगा अथावत:-[भाग II—खण् ड 3(i)] भारत का राजपत्र : असाधारण 3
परन्दत ु सरकार द्वारा यथा जनर्णणत ददिा-जनदेि के अनुसार चीनी उपक्रम के जलए पनु स्ट्थ ावपन हते ु स्ट् कीम में पुनस्ट् थावपन
सजमजत द्वारा पुनसचरचना की सस्ट्ं तुजत की गई हो :
परन्दत ु यह भी दक चीनी उपक्रम ऐसी अर्जध के दौरान जन तक ऐसे पुनसचरजचत ऋण की पूण व अदायगी होती ह, तन तक र्ह
ऋण के जलए तभी पात्र होगा यदद यह जनयम 21 के अधीन पुनस्ट् थावपन स्ट् कीम का ही जहस्ट्स ा हो:
(iii) उप-जनयम (3) म ेंप्ररूप सख्ं या XI के जलए जनम्न जलजखत प्ररूप रखा जाएगा अथावत:-
प्ररूप सख्ं य ा XI
(जनयम 26 दखे )ें
चीनी जर्कास जनजध स ेजलए गए ऋण की पनु सचरचना हते ुआर्ेदन
क्र. स.ं जर्र्रण सचू ना
1. चीनी कारखाने का नाम और पता
2. संयंत्र कोड
3. चीनी उपक्रम का नाम
4. रजजष्ट्रीकृत कायावलय
5. चीनी उपक्रम का संघ न क. सहकारी सजमजत
ख. प्राइर्े जलजम ेड कंपनी
ग. सार्वजजनक जलजम ेड कंपनी
घ. सार्वजजनक िेत्र की कंपनी
6. जनगजमत करने की तारीख
7. अय ि और जनदिे क मंडल
8. जलया गया चीनी जर्कास जनजध ऋण
क्र.सं. संयंत्र स्ट् कीम र्षव कुल िेष
कोड ऋण राजि
(₹) (₹)
9. आर्ेददत अजधस्ट्थगन अर्जध (24 माह से अजधक न
हो)
10. चीनी कारखान ेका जर्र्रण
मद जपछले 3 र्षों के जलए आंकडे अगले 3 र्षों के जलए अनुमान अनुमान हते ु
औजचत् य
20__ 20__ 20__ 20__ 20__ 20__
लाइसेंसिुदा
पेराई िमता
स्ट् थाजपत पेराई
िमता ( ीसीडी)
गन्द ने के अधीन
िेत्र (एकड)
औसत उपज
( न/एकड)
गन्द ने का कुल
उत् पादन
मौसम की सकल
अर्जध (ददर्स)
मौसम की जनर्ल4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
अर्जध (ददर्स)
कुल पेराई दकया
गया गन्द ना (लाख
न)
औसत चीनी
ठरकर्री %
कुल उत् पाददत
चीनी (क्क् र् ल)
11. चीनी कारखान ेके जर्त्त ीय पठरणाम
मद जपछले 3 र्षों के जलए आंकडे अगले 3 र्षों के जलए अनुमान अनुमान हते ु
औजचत् य
20__ 20__ 20__ 20__ 20__ 20__
जनर्ल जनक्री
सकल लाभ/हाजन
जनम् न पर ब् याज:
(क) सार्जध ऋण
(ख) कायविीलपूंजी
(ग) कुल
मूल् य ्ास
प्रचालन लाभ/हाजन
कर
जनर्ल लाभ/हाजन
नकद प्राजत
भारत सरकार द्वारा
जनधावठरत उजचत और
लाभकारी मूल् य
(प्रजत क्क् र् ल)
अदा दकया गया
र्ास्ट्त जर्क गन्दन ा
मूल् य (प्रजत क्क् र् ल)
गन् ना मूल् य नकाया
(रुपये)
12. चीनी कारखान े की जर्त्त ीय जस्ट्थ जत (संलग्न
लेखापरीजित जर्त्त ीय जर्र्रण के अनसु ार जपछल े 3
र्षों हते )ु
20__ 20__ 20__ अभ् युजक् त
प्रगजत में कायव सजहत सकल जनधावठरत
पठरसम् पजत् तया ं
मूल् य ्ास घ ाएं
जनर्ल जनधावठरत पठरसम् पजत् तया ं
जनर्ेि
र्तवमान पठरसम् पजत्त या ं
र्तवमान दये ताएं[भाग II—खण् ड 3(i)] भारत का राजपत्र : असाधारण 5
जनर्ल कायविील पूंजी
जनर्ल र्ास्ट् तजर्क पठरसम् पजत् तयां
दीघावर्जध दये ताएं
िेयरधारक की माजलयत
िेयर जनलम् नन और अप्रजतदये जमा
सजहत िेयर पूंजी
ठरजर्व और अजधिेष
लाभ और हाजन खाते तथा अमूत व
पठरसम् पजत् तय में कमी
िुद्ध माजलयत
13. चीनी कारखाने के जलए सीए प्रमाजणत एनएसीआर
गणना प्रपत्र
क. ऋण की पुनसचरचना हते ु आर्ेदन करने का समय
ख. आरजम् भक ऋण के जलए आर्ेदन करने का समय
14. चीनी उपक्रम के जलए सीए प्रमाजणत एनएसीआर
गणना प्रपत्र
क. ऋण की पुनसचरचना हते ु आर्ेदन करने का समय
ख. आरजम् भक ऋण के जलए आर्ेदन करने का समय
15. चीनी कारखाने का ऋण प्रदाय कर्रेज अनुपात
क. ऋण की पुनसचरचना हते ु आर्ेदन करने का समय
ख. आरजम् भक ऋण के जलए आर्ेदन करने का समय
16. चीनी उपक्रम का ऋण प्रदाय कर्रेज अनुपात
क. ऋण की पुनसचरचना हते ु आर्ेदन करने का समय
ख. आरजम् भक ऋण के जलए आर्ेदन करने का समय
17. केंरीय सरकार अथर्ा राज्य सरकार या जर्त् तीय
संस्ट् थान अथर्ा अनुसूजचत नैंक और अन्द य नैंक से
राहत या ठरयायत या चीनी उपक्रम के कमवचाठरय
और अन्द य एजेंजसय , यदद कोई हो, से प्राप्त दान का
ब्यौरा
18. क् या संनंजधत एजेंजसयां चीनी उपक्रम को ये
राहत/ठरयायत प्रदान करने के जलए सहमत ुई हैं?
यदद हां तो संनंजधत एजेंजसय से सहमजत पत्र की
प्रजतयां इस आर्ेदन प्रपत्र के साथ प्रदान की जाएं
19. स्ट् कीम के दक्रयान्द र्यन की समय अनुसूची:
20. स्ट् कीम के दक्रयान्द र्यन पर 10 र्षव के जलए अनुमाजनत
लाभ/नकद प्रर्ाह जर्र्रण का सारांि और महत् र्पूणव
अर्धारणाएं
* सभी राजियां लाख रुपये में ह।ैं
हस्ट्त ािर:
नाम:
पदनाम:
चीनी यूजन अथर्ा कारखाने का नाम और पता
स्ट् थान:
तारीख:6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
(iv) उप-जनयम (4) में जनम्न जलजखत उप जनयम रखा जाएगा अथावत् :-
“(4) सजमजत का सदस्ट् य-सजचर् पुनस्ट् थावपन सजमजत की जसनाठरि ें प्रा त होन े के उपरांत इन्द ह ें अपनी ठ पजणय , यदद कोई
हो, के साथ सजमजत के जर्चाराथव उक्त सजमजत के समि रखगे ा”;
(v) उप-जनयम (6) म,ें खण्ड (ख) के जलए जनम्नजलजखत खण्ड रखा जाएगा, अथावत्ोः-
“(ख) पनु स्ट्थ ावपन सजमजत की जसनाठरि के संनंध में दकसी पहलू की जांच करने और ठरपो व देने के जलए उप सजमजत अथर्ा
जर्िेषज्ञ की जनयुजक्त करना”।
[ना. स.ं 1-4/2020-एसडीएन]
सुनोध कुमार क्सह, संयुक् त सजचर् (िकवरा और प्रिासन)
ठ पण : मलू जनयम भारत के राजपत्र में अजधसूचना संख् या सा.का.जन. 752 (अ) तारीख 27 जसतम्न र, 1983 द्वारा
प्रकाजित दकए गए थे और जनम्न जलजखत अजधसूचनां के द्वारा इनमें पश्चातर्तती संिोधन दकए गए थ:े -
(i) सा.का.जन. 817 (अ), तारीख 20 ददसम् नर, 1984;
(ii) सा.का.जन. 838 (अ), तारीख 14 नर्म् नर, 1985;
(iii) सा.का.जन. 551 (अ), तारीख 6 मई, 1988;
(iv) सा.का.जन. 235 (अ), तारीख 24 अप्र ल, 1991;
(v) सा.का.जन. 441 (अ), तारीख 28 अप्र ल, 1992;
(vi) सा.का.जन. 435 (अ), तारीख 6 मई, 1994;
(vii) सा.का.जन. 27 (अ) तारीख 12 जनर्री, 1996;
(viii) सा.का.जन. 656 (अ), तारीख 21 नर्म् नर, 1997;
(ix) सा.का.जन. 91 (अ), तारीख 12 नरर्री, 2001;
(x) सा.का.जन. 886 (अ), तारीख 6 ददसम् नर, 2001;
(xi) सा.का.जन. 442 (अ), तारीख 21 जून, 2002;
(xii) सा.का.जन. 443 (अ), तारीख 21 जून, 2002;
(xiii) सा.का.जन. 584 (अ), तारीख 19 अगस्ट् त, 2002;
(xiv) सा.का.जन. 67 (अ), तारीख 29 जनर्री, 2003;
(xv) सा.का.जन. 241 (अ), तारीख 25 माचव, 2003;
(xvi) सा.का.जन. 787 (अ), तारीख 6 अक् तूनर, 2003;
(xvii) सा.का.जन. 895 (अ), तारीख 19 नर्म् नर, 2003;
(xviii)सा.का.जन. 953 (अ), तारीख 17 ददसम् नर, 2003;
(xix) सा.का.जन. 72 (अ), तारीख 23 जनर्री, 2004;
(xx) सा.का.जन. 687 (अ), तारीख 21 अक् तूनर, 2004;
(xxi) सा.का.जन. 739 (अ), तारीख 9 नर्म् नर, 2004;
(xxii) सा.का.जन. 149 (अ), तारीख 2 माच,व 2005;
(xxiii)सा.का.जन. 451 (अ), तारीख 4 जुलाई, 2005;[भाग II—खण् ड 3(i)] भारत का राजपत्र : असाधारण 7
(xxiv) सा.का.जन. 558 (अ), तारीख 15 जसतम्न र, 2006;
(xxv) सा.का.जन. 188 (अ), तारीख 9 माच,व 2007;
(xxvi) सा.का.जन 697 (अ), तारीख 7 नर्म् नर, 2007;
(xxvii) सा.का.जन. 699 (अ), तारीख 8 नर्म् नर, 2007;
(xxviii) सा.का.जन. 738 (अ), तारीख 29 नर्म् नर, 2007;
(xxix) सा.का.जन. 749 (अ), तारीख 5 ददसम् नर, 2007;
(xxx) सा.का.जन 115 (अ), तारीख 28 नरर्री, 2008;
(xxxi) सा.का.जन 279 (अ), तारीख 10 अप्रल , 2008;
(xxxii) सा.का.जन 388 (अ); तारीख 19 मई, 2008;
(xxxiii) सा.का.जन 508 (अ), तारीख 7 जुलाई, 2009;
(xxxiv) सा.का.जन 599 (अ), तारीख 30 जुलाई, 2012;
(xxxv) सा.का.जन 210 (अ), तारीख 8 अप्र ल, 2013;
(xxxvi) सा.का.जन 847 (अ), तारीख 9 नर्म् नर 2015;
(xxxvii) सा.का.जन 23 (अ), तारीख 13 जनर्री, 2016;
(xxxviii) सा.का.जन 885 (अ), तारीख 17 जसतम्न र, 2018;
(xxxix) सा.का.जन 496 (अ), तारीख 07 अगस्ट् त, 2020;
(xxxx) सा.का.जन 564 (अ), तारीख 16 जसतम्न र, 2020.
MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION
(Department of Food and Public Distribution)
NOTIFICATION
New Delhi, the 24th March, 2021
G.S.R. 210(E).—In exercise of the powers conferred by section 4 read with section 9 of the Sugar
Development Fund Act, 1982 (4 of 1982), the Central Government hereby makes the following rules further to amend
the Sugar Development Fund Rules, 1983, namely:-
1. (1) These rules may be called the Sugar Development Fund (Amendment) Rules, 2021.
(2) They shall come into force on the date of their publication in Official Gazette.
2. In the Sugar Development Fund Rules, 1983 (herein after referred to as the said rules), in rule 2,-
(i) in clause (ff), for the word “co-operative”, the words “private or public or co-operative shall be substituted;
(ii) for clause (jj) ,the following clause be substituted, namely:-
„(jj) “potentially viable sick sugar undertaking” means a sugar undertaking being in the private or public or co-
operative sector in respect of which a scheme of rehabilitation has been recommended by the Committee for
rehabilitation‟.
3. In the said rules, in rule 21-(i) for sub-rule (1), the following sub-rule shall be substituted:8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
“(1) A potentially viable sick sugar undertaking shall be eligible for a loan for the modernization or rehabilitation of
plant and machinery or for production of anhydrous alcohol or ethanol from alcohol or molasses or sugarcane juice
or for bagasse-based co-generation power project:
Provided that the loan from the Fund has been recommended in the rehabilitation scheme for the potentially
viable sick sugar undertaking by the Committee for rehabilitation:
Provided further that the scheme or project for such modernization or rehabilitation of its plant and
machinery or for production of anhydrous alcohol or ethanol from alcohol or molasses or sugarcane juice or
for bagasse-based co-generation power project is approved for financial assistance by a financial institution
or a scheduled bank under its relevant scheme:
Provided also that a sugar undertaking shall not be eligible for a loan under this rule if more than one loan
under rule 16 or rule 22 or rule 23 remains to be fully repaid.”;
(ii) in sub-rule(2), for the first proviso, the following proviso shall be substituted, namely:-
“Provided that a loan from the Fund has been recommended in the rehabilitation scheme for the potentially viable
sick sugar undertaking by the Committee for rehabilitation”.
4. In the said rules, in rule 22, in sub-rule (1A), for clause (iv), the following clause shall be substituted, namely:-
“(iv) State Government guarantee or such other security, as may be decided by the Committee, is furnished by the
sugar factory or sugar undertaking for the Sugar Development Fund loan”.
5. In the said rules, in rule 22A, in sub-rule (1A), for clause (iv), the following clause shall be substituted,
namely:-
“(iv) State Government guarantee or such other security, as may be decided by the Committee, is furnished by the
sugar factory or sugar undertaking for the Sugar Development Fund loan”.
6. In the said rules, in rule 23, in sub-rule (1A), for clause (iv), the following clause shall be substituted, namely:-
“(iv) State Government guarantee or such other security, as may be decided by the Committee, is furnished by the
sugar factory or sugar undertaking for the Sugar Development Fund loan”.
7. In the said rules, in rule 25, after sub-rule (6), the following sub-rule shall be inserted, namely:
"(7) In case of two consecutive defaults in repayment of the Sugar Development Fund loan or installment thereof,
the Central Government may initiate proceedings under the provisions of the Insolvency and Bankruptcy Code,
2016”.
8. In the said rules, in rule 26-
(i) for sub rule (1), the following sub-rule shall be substituted, namely:-
“(1) Notwithstanding anything contained in rules 16, 17, 21, 22, 22A, 23, 24 and 25, the Central Government may,
after taking into consideration the scheme of rehabilitation recommended by the Committee for rehabilitation and any
other relevant factor, restructure the loan, interest or additional interest on account of default thereof of a potentially
viable sick sugar undertaking-:
Provided that while so restructuring, no portion of the outstanding principal or simple interest at applicable
rates at the relevant time shall be waived off:
Provided further that the Central Government may, at its discretion, waive additional interest in full or in
part, for reasons to be recorded in writing”;
(ii) in sub-rule (2), for first and second provisos, the following provisos shall be substituted, namely:-
Provided that the restructuring has been recommended by the Committee for rehabilitation in the scheme for
rehabilitation for sugar undertakings in accordance with the guidelines as may be decided by the
Government:[भाग II—खण् ड 3(i)] भारत का राजपत्र : असाधारण 9
Provided further that the sugar undertaking shall, during such period till such restructured loans are fully
repaid, be eligible for loans only if it is a part of the rehabilitation scheme under rule 21;
(iii) in sub-rule (3), for Form No.XI, the following Form shall be substituted, namely:-
Form No. XI
(See rule 26)
Application for restructuring of loan taken from the Sugar Development Fund
Sl. No. Particulars Information
1. Name and Address of the Sugar Factory
2. Plant Code
3. Name of the Sugar Undertaking
4. Registered Office
5. Constitution of the Sugar Undertaking a. Co-operative Society
b. Private Limited Company
c. Public Limited Company
d. Public Sector Company
6. Date of incorporation
7. Chairperson and Board of Directors
8. SDF Loans availed Sl. No. Plant Code Scheme Year Total Loan Balance
(₹) Amount (₹)
9. Duration of Moratorium applied for
(not more than 24 months)
10. Particulars of the Sugar Factory:
Item Data for previous three years Projection for next three years Justification for
20__ 20__ 20__ 20__ 20__ 20__ the Projection
Licensed Crushing
Capacity
Installed crushing
capacity (TCD)
Area under
sugarcane (acres)
Average yield
(tonnes/acre)
Total production of
sugarcane
Gross duration of
the season (days)
Net duration of the
season (days)
Total cane crushed
(lakh tones)
Average sugar
recovery %
Total sugar
produced (quintals)
11. Financial Results of the Sugar Factory
Item Data for previous three years Projection for next three years Justification for
20__ 20__ 20__ 20__ 20__ 20__ the Projection
Net sales
Gross Profit/loss
Interest on:
(a) Term loan10 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
(b) Working
Capital
(c) Total
Depreciation
Operation
Profit/loss
Tax
Net Profit/loss
Cash accruals
FRP fixed by the
Govt. of India (per
quintal)
Actual cane price
paid (per quintal)
Cane Price Arrears
(₹)
12. Financial Position of the Sugar Factory (for last
three years as per Audited Financial Statements
enclosed)
20__ 20__ 20__ Remarks
Gross fixed assets including work-in-progress
Less Depreciation
Net fixed assets
Investments
Current Assets
Current Liabilities
Net Working Capital
Net tangible assets
Long-term liabilities
Shareholder‟s Worth
Share capital including share suspense and non-
refundable deposits
Reserves and surplus
Deficit in profit and loss account and Intangible assets
Net worth
13. CA certified FACR calculation sheet for Sugar Factory
a. At the time of applying for restructuring loan
b. At the time of applying for initial loan
14. CA certified FACR calculation sheet for Sugar
Undertaking:
a. At the time of applying for restructuring loan
b. At the time of applying for initial loan
15. Debt Service Coverage Ratio (DSCR) of Sugar Factory
a. At the time of applying for restructuring loan
b. At the time of applying for initial loan
16. Debt Service Coverage Ratio (DSCR) of Sugar
Undertaking
a. At the time of applying for restructuring loan
b. At the time of applying for initial loan
17. Details of the reliefs or concessions from the Central
Government or State Government or Financial
Institutions or Scheduled Bank and other Banks or
donations from the employees of the sugar undertaking
and other agencies, if any[भाग II—खण् ड 3(i)] भारत का राजपत्र : असाधारण 11
18. Whether the concerned agencies have agreed to provide
these reliefs/concessions to the sugar undertakings? If
so copies of the consent letters from the concered
agencies are to be provided alongwith this application
form.
19. Schedule of Implementation of the scheme:
20. Summary of the projected profitability/cash flow
statements for 10 years on implementation of the
scheme along with critical assumptions.
* all amounts are in lakh of Rupees.
Signed by:
Name:
Designation:
Name and address of the sugar unit or factory
Place:
Date:
(iv) in sub-rule (4), the following sub-rule shall be substituted, namely:-
“(4) The Member-Secretary of the Committee shall soon after receipt of the recommendations of Committee for
rehabilitation, place the same before the said Committee along with his comments if any, for the Committee's
consideration”;
(v) in sub-rule (6),for clause (b), the following clause shall be substituted, namely:-
“(b) appoint a sub-committee or expert to make an investigation and report on any aspect relating to the
recommendations of the Committee for rehabilitation”.
[F. No. 1-4/2020-SDF]
SUBODH KUMAR SINGH, Jt. Secy. (Sugar and Admn.)
Note: The principal rules were published in the Gazette of India vide notification number G.S.R. 752(E) dated the
27th September, 1983 and subsequently amended vide-
(i) G.S.R.817(E), dated the 20th December, 1984;
(ii) G.S.R.838(E), dated the 14th November, 1985;
(iii) G.S.R.551(E), dated the 6th May, 1988;
(iv) G.S.R.235(E), dated the 24th April, 1991;
(v) G.S.R.441(E), dated the 28th April, 1992;
(vi) G.S.R.435(E), dated the 6th May, 1994;
(vii) G.S.R.27(E) dated the 12th January, 1996;
(viii) G.S.R.656(E), dated the 21st November, 1997;
(ix) G.S.R.91(E), dated the 12th February, 2001;
(x) G.S.R.886(E), dated the 6th December, 2001;
(xi) G.S.R.442(E), dated the 21st June, 2002;
(xii) G.S.R.443(E), dated the 21st June, 2002
(xiii) G.S.R.584(E), dated the 19th August, 2002;
(xiv) G.S.R.67(E), dated the 29th January, 2003;
(xv) G.S.R.241(E), dated the 25th March, 2003;
(xvi) G.S.R.787(E), dated the 6th October, 2003;12 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
(xvii) G.S.R.895(E), dated the 19th November, 2003;
(xviii) G.S.R.953(E), dated the 17th December, 2003;
(xix) G.S.R.72(E), dated the 23rd January, 2004;
(xx) G.S.R.687(E), dated the 21st October, 2004;
(xxi) G.S.R.739(E), dated the 9th November, 2004;
(xxii) G.S.R.149(E), dated the 2nd March, 2005;
(xxiii) G.S.R.451(E), dated the 4th July, 2005;
(xxiv) G.S.R.558(E), dated the 15th September, 2006;
(xxv) G.S.R.188(E), dated the 9th March, 2007;
(xxvi) G.S.R. 697(E), dated the 7th November, 2007;
(xxvii) G.S.R.699(E), dated the 8th November, 2007;
(xxviii) G.S.R.738(E), dated the 29th November, 2007;
(xxix) G.S.R.749(E), dated the 5th December, 2007;
(xxx) G.S.R. 115(E), dated the 28th February, 2008;
(xxxi) G.S.R. 279(E), dated the 10th April, 2008;
(xxxii) G.S.R. 388(E); dated the 19th May, 2008;
(xxxiii) G.S.R. 508(E), dated the 7th July, 2009;
(xxxiv) G.S.R.599(E) dated the 30th July, 2012;
(xxxv) G.S.R.210(E) dated the 8th April, 2013;
(xxxvi) G.S.R.847(E) dated 9th November 2015;
(xxxvii) G.S.R.23(E) dated 13th January, 2016;
(xxxviii) G.S.R.885(E) dated 17th September, 2018;
(xxxix) G.S.R. 496 (E), dated the 07th August, 2020.
(xxxx) G.S.R. 564 (E), dated the 16th September, 2020.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.