Executive Summary:
This notification, dated January 4, 2019, amends a previous scheme to increase ethanol production and supply under the Ethanol Blended with Petrol (EBP) Programme. It modifies interest subvention terms, the loan approval process, and repayment guidelines for sugar mills. The aim is to improve the liquidity of sugar mills, enabling them to clear cane price arrears for farmers.
Key Points / Main Content:
Interest Subvention:
* Interest subvention will be 6% per annum or 50% of the interest rate charged by banks/NCDC/IREDA, whichever is lower, for five years.
Loan Approval Process:
* DFPD will grant in-principle approval to applications and recommend them to lending banks.
* Banks/NCDC/IREDA have the liberty to sanction/release loans based on their commercial norms, policies, and regulatory guidelines.
Operational Instructions:
* DFS will issue instructions to banks/NCDC/IREDA to operationalize the scheme, including appointing NABARD as a nodal bank.
Repayment Guidelines:
* Banks/NCDC/IREDA may decide on accelerated payments in case of surplus cash flow with sugar mills.
* The interest subvention liability of DFPD will be reduced accordingly.
Impact Analysis:
Sugar Mills:
* Impact: Enhanced financial assistance and modified loan terms to improve liquidity and ethanol production capacity.
* Action Required: Prepare and submit applications for financial assistance under the revised scheme.
Banks/NCDC/IREDA:
* Impact: Revised guidelines for loan sanctioning and release, as well as for handling accelerated payments.
* Action Required: Operationalize the scheme based on DFS instructions, including appointing NABARD as a nodal bank.
Department of Food and Public Distribution (DFPD):
* Impact: Responsible for providing in-principle approval to applications and recommending them to lending banks.
* Action Required: Scrutinize applications and provide recommendations to lending banks.
Department of Financial Services (DFS):
* Impact: Responsible for issuing instructions to banks/NCDC/IREDA to operationalize the scheme.
* Action Required: Issue suitable instructions to banks/NCDC/IREDA, including the appointment of NABARD as a nodal bank.
Farmers:
* Impact: Indirectly benefits from the improved liquidity of sugar mills, enabling them to clear cane price arrears.
* Action Required: No direct action required.
Key Entities Referenced
Ethanol Blended with Petrol EBP Programme: A government program aimed at increasing the production and supply of ethanol by blending it with petrol.
Scheme for extending financial assistance to sugar mills for enhancement and augmentation of ethanol production capacity: A government scheme providing financial support to sugar mills to increase their ethanol production capacity.
Ministry of Consumer Affairs, Food and Public Distribution: The government ministry responsible for consumer affairs, food, and public distribution.
Department of Food and Public Distribution: A department within the Ministry of Consumer Affairs, Food and Public Distribution.
National Cooperative Development Corporation NCDC: A financial institution providing loans mentioned in the context of interest subvention for sugar mills.
Indian Renewable Energy Development Agency Limited IREDA: A financial institution providing loans, mentioned in the context of interest subvention for sugar mills
Reserve Bank of India RBI: The central bank of India, responsible for regulatory guidelines, including restructuring guidelines, relevant to loan sanctioning.
National Bank for Agriculture and Rural Development NABARD: A nodal bank appointed to operationalize the scheme.
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EXTRAORDINARY
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PART II—Section 3—Sub-section (ii)
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No. 43] NEW DELHI, FRIDAY, JANUARY 4, 2019/PAUSHA 14, 1940
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((((खखखखाााा(cid:4)(cid:4)(cid:4)(cid:4) औऔऔऔरररर ससससााााववववजज(cid:10)(cid:10)जज(cid:10)(cid:10) ििििननननकककक ििििववववततततररररणणणण ििििववववभभभभाााागगगग)
अिधसूचना
नई (cid:4)द(cid:6)ली, 4 जनवरी, 2019
ककककाााा....आआआआ.... 44447777((((अअअअ))))....————के(cid:12)(cid:13)ीय सरकार न ेइथेनोल का उ(cid:16) पादन बढ़ाने और िवशेष (cid:19)प से अिधशषे वाल ेमौसम म (cid:21)पै(cid:23)ोल के
साथ इथेनोल (cid:25)ल(cid:21)(cid:26)डगं (ईबीपी) काय(cid:30)(cid:31)म के अधीन इसक" आप%ू त(cid:30) बढ़ान े और इसस े चीनी िमल( क" नकदी क" ि)थ ित म(cid:21) सधु ार
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सं. का.आ. 3523(अ) (cid:4)दनाकं 19.07.2018 0ारा एक ) क"म अथा(cid:30)त ् – ‘इथेनोल उ(cid:16) पादन ,मता बढ़ान े और उसम(cid:21) विृ 5 करन े
के िलए चीनी िमल( को िव(cid:16)त ीय सहायता 6दान करने सबं ंधी ) क"म’ अिधसिू चत क" थी, िजसे त(cid:16)प7ात अिधसूचना
सं. का.आ. 3952(अ) (cid:4)दनाकं 09.08.2018 तथा अिधसूचना स.ं का. आ. 5219 (अ) (cid:4)दनाकं 11.10.2018 0ारा सशं ोिधत
(cid:4)कया गया था।
2. (cid:4)दनाकं 19.07.2018 क" उ8 अिधसूचना के परै ा 9 के अनसु रण म (cid:21) के(cid:12)(cid:13)ीय सरकार न े यह िनण(cid:30)य िलया ह ै (cid:4)क उ8
अिधसूचना का परै ा 3 (i) िन:ानुसार पढ़ा जाए:-
“ब=क(/रा>ीय सहकारी िवकास िनगम/भारतीय नवीकरणीय ऊजा(cid:30) िवकास एज(cid:21)सी िलिमटेड 0ारा (cid:4)दए जाने वाल ेऋण
पर ब=क(/रा>ीय सहकारी िवकास िनगम/भारतीय नवीकरणीय ऊजा(cid:30) िवकास एज(cid:21)सी िलिमटेड 0ारा 6भाCरत 6%
6ित वष(cid:30) क" दर से (cid:25)याज छूट अथवा (cid:25)याज दर क" 50% रािश, जो भी कम हो, के(cid:12)(cid:13)ीय सरकार 0ारा पांच वष(cid:30) के
िलए वहन क" जाएगी।”
अिधसूचना का परै ा 5 (i) िन:ानुसार पढ़ा जाएगा:-
“आवेदन-सह-6)ताव क" जांच के बाद खाF और साव(cid:30)जिनक िवतरण िवभाग अपना स5ै ांितक अनमु ोदन 6दान
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िनगम/भारतीय नवीकरणीय ऊजा (cid:30) िवकास एजस(cid:21) ी िलिमटेड को अपने वािणिHयक मानदडं (/नीितय( तथा भारतीय
Cरजव(cid:30) ब=क 0ारा समय-समय पर अिधसिू चत पुनः संरचना (cid:4)दशा-िनदशJ ( सिहत िविनयामक (cid:4)दशा-िनदJश( के
अनुपालन म (cid:21)ऋण )वीकृत/िनगत(cid:30) करने क" )वत(cid:12)Kता होगी।”
74 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
अिधसूचना का परै ा 5 (v) िन:ानुसार पढ़ा जाएगा:
“िवLीय सेवाए ं िवभाग इस )क"म को 6चािलत करने के िलए नोडल बक= के (cid:19)प म (cid:21) नाबाड (cid:30) क" िनयुि8 सिहत
ब=क(/रा>ीय सहकारी िवकास िनगम/ भारतीय नवीकरणीय ऊजा(cid:30) िवकास एजस(cid:21) ी िलिमटेड को समिु चत अनुदशे जारी
करेगा।”
अिधसूचना का परै ा 6 (iii) िन:ानुसार पढ़ा जाएगा:
“चीनी िमल( के पास अिधशषे नकद 6वाह क" ि)थित म (cid:21) भगु तान म (cid:21) तेजी लान े का िनण(cid:30)य ब=क(/रा>ीय सहकारी
िवकास िनगम/भारतीय नवीकरणीय ऊजा(cid:30) िवकास एजस(cid:21) ी िलिमटेड 0ारा िलया जाएगा और ऋण खात ेपर खाF और
साव(cid:30)जिनक िवतरण िवभाग क" (cid:25)याज छूट संबंधी दये ता तदनुसार कम हो जाएगी।”
[फा. सं. 1(10)/2018-एसपी-1]
सुरेश कुमार विशM, संयु8 सिचव
MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION
(Department of Food and Public Distribution)
NOTIFICATION
New Delhi, the 4th January, 2019
S.O. 47(E).—The Central Government, with a view to increase production of ethanol and its supply
under Ethanol Blended with Petrol (EBP) Programme, specially in the surplus seasons and thereby to improve
the liquidity position of the sugar mills enabling them to clear cane price arrears of the farmers, notified the
following scheme namely— “Scheme for extending financial assistance to sugar mills for enhancement and
augmentation of ethanol production capacity” vide notification No. S.O. 3523(E), dated 19.07.2018, which
was subsequently amended vide notifications No. S.O. 3952(E) and No. S.O. 5219(E) dated 09.08.2018 and
11.10.2018 respectively.
2. Now in pursuance of para 9 of the said notification dated 19.07.2018, Central Government has
decided that Para 3(i) of the notification may be read as under:-
“Interest subvention @ 6% per annum or 50% of rate of interest charged by banks/National
Cooperative Development Corporation (NCDC)/ Indian Renewable Energy Development Agency
Limited (IREDA), whichever is lower, on the loans to be extended by banks/NCDC/IREDA, shall be
borne by the Central Government for five years”
Para 5(i) of the notification may be read as under:-
“After scrutinizing the applications cum proposals, DFPD will accord it’s in principle approval and
recommend such approved proposals to the lending banks for considering sanction of loan.
Banks/NCDC/IREDA would be at liberty to sanction/release the loan as per their commercial
norms/policies and in compliance with regulatory guidelines, including the restructuring guidelines, as
notified by RBI from time to time.”
Para 5(v) of the notification may be read as under:-
“The Department of Financial Services (DFS) will issue suitable instructions to the
banks/NCDC/IREDA to operationalize the scheme including appointment of NABARD as a nodal
bank”.
Para 6(iii) of the notification may be read as under:-
“In the event of surplus cash flow with the sugar mills, accelerated payments may be decided by the
bank/NCDC/IREDA and the interest subvention liability of DFPD towards loan account would
accordingly get reduced.”
[F. No. 1(10)/2018-SP-I]
SURESH KUMAR VASHISHTH, Jt. Secy.
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.