PROCEEDINGS OF THE COLLECTOR/CHAIRMAN,

THE DISTRICT BACKWARD CLASSES SERVICE COOPERATIVE SOCIETY LIMITED

PRAKASAM DISTRICT

Present: Sri.V.Vinay Chand,I.A.S.,

Sub: DBCSCS Ltd., Prakasam District - BCAP 2017-18 - Sanction of Subsidy under Bank Linked
Schemes Orders- Issued.
Ref: 1. G.O.Ms.No.101, Social Welfare (SCP.I) Dept., dt.31.12.2013.
2. Go.Ms.No. 32 SW (SCP) Dept., dt: 19.03.2016
3. Go.Ms.No. 111 SW (SCP) Dept., dt: 23.11.2016
4. Approved BC Action Plan 2017-18 communicated to the district societies in the State
5. Mandal wise Targets approved by the D.C.C.
6.List of Sponsored Candidates to concerned bank lr. no. 773/2015/Mepma of the MPDO/
Commissioner Kanigiri (Urban) Mandal/Municipality.
7. Non-operative & Loan Account Numbers uploaded by the Bank Manager concerned.
8. Lr. Rc.no. 773/2015/Mepma Dt- 06/01/2018 of the MPDO/ Commissioner Kanigiri (Urban)
Mandal/Municipality to this office.
*****
ORDER:

As per the BC Action Plan 2017-18 communicated by the VC & Managing Director, APBCCFC Ltd.,
Amaravathi reference 4th read above, there is a provision for sanction of financial assistance to (2863) BC
beneficiaries (2863 Units) with an amount of Rs.2863 lakhs as subsidy component.
The Mandal/Municipal Committee had screened and selected the following beneficiaries and forwarded
sponsored candidates list to the concern banks vide ref.6th read above.
Benf. Name Non operative
Scheme Unit EMF/ Bank /
Mandal/ Benf. Id/ with Bank Benf. SB A/c No. / Loan
SNo. Name/ cost/ Subsidy Other Dept. Branch/
Panchayat Aadhaar No. Father/Husband Loan Share
Unit Outlay Subsidy IFSC
Name A/c No.
Kanigiri State Bank Of
Isb
(Urban) 20151894957 Shaik Shabana 0 20460336470 / India
1 Beauty 200000 100000 100000 0
Kanigiri 916979084528 D/O Mohammad 0 20460336470 Kanigiri
Parlor
Urban SBIN0021206

As against the sponsored candidates list forwarded by the MPDO / Mun. Commissioner to the banks, the
concerned Bank Manager had opened Loan & Non-Operative SB A/c and uploaded in OBMMS (online)
through his/her login provided. All the beneficiaries have remitted the share capital and entrance fee @
Rs._____/-. The above proposals have been scrutinized with reference to the documents submitted and found
eligible for sanction of subsidy as per the norms and guidelines under BC Action Plan 2017-18.
Therefore, as recommended by the Mandal / Muncipal Committee the administrative sanction is hereby
accorded for an amount of Rs. 200000 (Rupees in words Two Lakh ) towards total unit cost for the benefit of
above 1 and 1 BC Beneficiaries and Rs. 100000 (Rupees in words One Lakh ) towards release of subsidy on
behalf of the above beneficiaries schemes noted against each.
The VC & Managing Director APBCCFC is requested to release subsidy portion to the Non-operative
SB A/cs of respective beneficiaries to ground the units by the Banks concerned duly following guidelines &
other Govt. instructions issued from time to time. No ATM facility or any withdrawal provision shall be
allowed by beneficiary.
On notice of subsidy credit from the Government, the Bank Branch Manager is requested to deposit the
subsidy as TDR in the name of the beneficiary within 24-hours from the date of reciept of subsidy, and take
up grounding within 15 days duly following guidelines & other modalities issued vide ref. in G.O.3rd read
above.
Vide reference 3rd read above, the Government of Andhra Pradesh have issued the following operational
guidelines for disbursement of backend subsidy in implementation of Economic Support Schemes 2015-16
onwards.
The concerned Branch Managers shall follow strictly without deviation.
1) The released subsidy in favour of the beneficiary should be kept in the Term Deposit for period of
two years at branch level in the name of the beneficiary.
2) It is the responsibility of the bank branch for furnishing the correct non-operative SB account of the
beneficiaries for crediting the subsidy amount. The Banker shall not furnish Jandhan account of the
beneficiary as it allows credit of Rs. 50,000/- only in-operative, Closer accounts also should not be
furnished.
3) The implementing bank shall release the entire total outlay of the sanctioned unit.
4) The implementing bank will ground the total outlay of the unit cost initially with the bank amount
within 15 days from the date of release of subsidy with the grounding committee consisting of
representative from MPDO/ Municipality/ Municipal Corporation, District Welfare Societies,
Beneficiary, bank officials and concerned technical persons from the line department.
5) The District Societies concerned in close coordination with bank branches will ensure that the
amount released to beneficiaries is utilized in establishing the unit.
6) No interest will be paid on the TDR and no interest will be charged on loan to the corresponding
amount of TDR.
7) The Bank branch will adjust the TDR amount (subsidy) to the loan account of the beneficiary only
after satisfactory physical verification report given by the competent authority.
8) No collateral security will be insisted upon by the banks in line with the guidelines of RBI for units
involving loan upto Rs.5.00 lakhs.
9) Under Minor Irrigation Sector units shall be purchased from the Authorized dealers and approved by
the District Purchasing Committee.
10) The District Societies should monitor the bank loan portion as and when the units are grounded.
11) In the JMLBC meetings at Mandal level under the Chairmanship of District Collectors, the status of
the units grounded and the units rejected by banks and the reasons will be reviewed.
12) With regard to Transport schemes hypothecation of the units shall be done in favour of the bank.
13) The name of the financing bank and BC Corporation shall be written on the unit as FINANCED BY
the Concerned Bank Branch & Concerned Welfare Corporation under 2017-18
14) The financing bank shall release the hypothecation of the unit after repaying the Bank loan amount
The Branch Manager shall inform well in advance to the MPDO/Municipal Commissioner/ corporation,
and also to the District BC. Society Prakasam about the proposed date of groundingtoparticipatein grounding
of the unit in the presence of the BC beneficiary and photo of the asset be captured so as to upload the same
in the OBMMS along with Utilisation Certificate. The scheme/unit so far grounded will be geo-tagged and
tagged to OBMMS/online within 3 months and 3rd party verification will be conducted subsequently.
The Assets so created shall stand hypothecated to the financing Bank concerned and the District BC
Service Cooperative Society Ltd. Prakasam shall have the right to inspect and to call for production of assets
at any time. In case of mis-utilization or partial utilization, District BC Society Prakasam have the right to
cancel and recover the entire subsidy amount along with Bank Loan in one lumpsum. The Loan portion
amount should be paid to the Bank regularly along with interest within the time frame fixed.
Encls:-U.C.format.

COLLECTOR/CHAIRMAN
To
The beneficiaries concerned with a direction to approach the Bank for grounding the Scheme
Copy to the VC & Managing Director, APBCCFC Ltd., Amaravathi.
Copy to the MPDO/Municipal Commissioner/ Corporation., Kanigiri (Urban)
Copy to the Branch Manager, State Bank Of India-KANIGIRI District, A.P.
Copy to the concerned Lead District Manager.