KHADI AND VILLAGE INDUSTRIES
Irla Road, Vileparle (West), Mumbai – 400 056.
RURAL EMPLOYMENT GENERATION PROGRAMME (GRAMODYOG ROJGAR YOJANA)
THROUGH PUBLIC SECTOR BANKS AND REGIONAL RURAL
BANKS
OBJECTIVES OF GRAMODYOG ROJGAR YOJANA:-
Providing more and more new avenues of employment for rural unemployed people in the country-side has all along been the prime concern of the Government of India.
Keeping in mind the expectations of various sections of rural area, the Ministry of ARI, Govt. of India has launched REGP through OCKVI in a big way.
The broad objectives that the OCKVI has set before it are:-1. To generate employment in rural area.
2. To develop entrepreneurial skill among the rural unemployed youth.
3. To achieve the goal of rural industrialization.
4. To facilitate participation of Financial Institutions for higher Credit to rural industries

(B) THE SCHEME:-The scheme envisages that:-25 % of the project cost for the project up to Rs. 10.00 lakhs will be provided as "Margin Money"
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For project above Rs. 10.00 lakhs and up to Rs.25.00 lakhs, rate of Margin Money will be 25% of Rs.10.00 lakhs plus 10% of the remaining cost of the project .(Project cost beyond Rs.25.00 lakhs not eligible for financing under the Scheme)
In the case of weaker section beneficiary, viz.
SC/ST/OBC/Women/Physically Handicapped/Ex-servicemen and Minority Community beneficiary and for Hill, Border and Tribal Areas, North Eastern Region, Sikkim, Andaman & Nicobar Islands, Lakshdweep, Margin Money grant will be at the rate of 30% of the project cost upto Rs.10.00 lakhs and above this amount up to 25 lakhs it will be 10% of the remaining cost of the project. A certified copy issued by the Competent Authority is required is required to be produced with the Margin Money Claim,
The Institutions/Co-operative Societies/Trusts specifically registered as all SC/ST/OBC/Women/PH/Ex-Servicemen and Minority Institutions with necessary provision in the bye-law to that effect alone are eligible for Margin Money @ 30% of the project cost upto Rs.10.00 lakhs.
Certified copies of by-laws are to be appended to Margin Mney Claim,
Project cost will include Capital Expenditure and one cycle of Working Capital. Projects without Capital Expenditure are not eligible for financing under the Scheme. Projects of more than Rs.5.00 lakhs, which do not require working capital, need clearance from the Reg. Office or Controller of the Bank’s Branch and claims are required to be submitted with such certified copy of approval from Regional Office or Controller as the case may be.
Cost of the land should not be included in the Project. Cost of the ready built as well as long lease or rental Work shed/Workshop/Building/Shop can be included in the project.
Gramodyog Rojgar Yojana is applicable for all viable Village Industries projects except village industries as given in the negative list of Village Industries (Annexure-A).
Only one person from one family is eligible for obtaining finance under the Gramodyog Rojgar Yojana.
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(C) THE BENEFICIARIES
1. Individual Entrepreneurs;
2. Self Help Groups;
3. Institutions;
4. Co-op. Societies;
5. Trusts and
6. Public Limited Companies owned by State/Central Government.

(Partnership firms/Private Limited Companies/Joint Borrowers/Co-Borrowers/Co-obligators/Joint Ventures/HUF do not come under the ambit of Gramodyog Rojgar Yojana)
(D) OWN CONTRIBUTION:- 10% of the Project cost in respect of beneficiary of General Category. 5% of
the project cost in respect of beneficiaries belonging to SC/ST/OBC/Women/PH/Ex-Servicemen/Minority/HBT Area/N.E. Region/Sikkim/A.& N./Lakshadweep.
(E) FINANCIAL INSTITUTIONS:- E
F 1) 27 Public Sector Banks and their sponsored Regional Rural Banks
2) Private Sector Banks approved by the State/UT KVI Boards and
3) Co-op. Banks approved by the State/UT KVI Boards.
(F) BANK FINANCE:- The Bank will sanction 90% of the project cost in case of General Category
of beneficiary/Institution and 95% of the project cost in case of Weaker Section beneficiary/Institution and disburse full amount suitably for setting up of the project.
Bank will finance Capital Expenditure in the form of Term Loan and Working Capital in the form of Cash Credit. Project can also be financed by the Bank in the form of Composite Loan consisting of C.E. & W.C.
Working Capital component should be utilized in such a way that at one point of stage it touches 100% limit of Cash Credit within two years of lock in period of

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Margin Money and not less than 75% utilization of the sanction limit. If it does not
touch aforesaid limit, proportionate limit of the Margin Money is to be refunded to the
OCKVI at the end of the second year.
Though Bank will claim Margin Money on the basis of projections of C.E. in
the project report and sanction thereof, Margin Money on the actual availment of C.E.
only will be retained and excess, if any, will be refunded to the OCKVI, immediately
after the project is ready for commencement of the production.
(G) VILLAGE INDUSTRY:-Any Village Industry including Coir based projects (except those mentioned
in the negative list) located in the rural area which produces any goods or renders any
service with or without the use of power and in which the fixed capital investment per
head of a full time artisan or worker does not exceed एक लाख रुपये
(H) RURAL AREA:-(i) Any area classified as Village as per the revenue record of the State, irrespective of population.
(ii) It also includes an area even if classified as town, provided its population does not exceed 20,000.
(I) PER CAPITA INVESTMENT:-Should not exceed Rs. एक लाख - per artisan or worker i।e. Capital Expenditure on Building/Workshed, Machinery & Furniture divided by Full Time employment created by the project should be Rs. एक लाख - or less.
(J) AGE LIMIT:-Any adult beneficiary above 18 years is eligible for financing under the REGP.
(K) MODALITIES OF THE OPERATION OF THE SCHEME:-
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(i) Sponsoring of project by any agency is not mandatory. The beneficiary can directly approach Bank along with his project or it can be sponsored by OCKVI/ KVIBs/DIC/Panchayat Karyalayas etc.
(ii) Banks will appraise projects technically as well as economically and
after ensuring that each project fulfills the criteria of "Village
Industry", "Per Capita Fixed Investment", "Own Contribution" and
"Rural Area", take their own credit decision on the basis of viability of
each project. In case Bank feels that the cost of the project is more
according to the circumstances prevailing in the area, they can reduce
the cost of the project.
(iii) Once the project is sanctioned and first instalment of the Bank Finance is
released to the beneficiary, Bank will inform the State/Regional Office of the
OCKVI, as the case may be, for arranging EDP training to the beneficiary, if
he has not already undergone such training. If he has already undergone
such training either with the training centre of OCKVI or KVIB or at any
other training centre of repute, such beneficiary need not undergo EDP
training.
(iv) After the successful completion of EDP training arranged by the OCKVI, bank will release second instalment of the Bank Finance to the beneficiary.
(v) After the release of Bank Finance either partly or fully, Bank will submit Margin Money claim on the prescribed format as at Annexure-B to the designated Nodal Branch of the State/Region as given in the Annexure-C, where OCKVI has placed lumpsum deposit of Margin Money in advance in the Savings Bank Account in the name of OCKVI, for release of Margin Money.
In case of projects financed by the branches of the Regional Rural Banks, the financing branches of the RRBs will have to submit the Margin Money Claim to their Head Office, who will submit the consolidated claims to the designated Nodal Branch of their sponsoring Bank.
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Though the margin money will be released by the designated Nodal Branch of the Bank, OCKVI is the final authority to either accept the project/claim or reject, based on the parameter of the Scheme.
(vi) Once the Margin Money is released in favour of the loanee, it should be kept in the Term Deposit Receipt of 2 years at branch level in the name of the beneficiary/Institution. No interest will be paid on the TDR and no interest will be charged on loan to the corresponding amount of TDR.
(vii) Since "Margin Money" is to be provided in the form of middle-end Subsidy
(Grant), it will be credited to the Borrowers loan account after 2 years from
the date of first disbursement to the borrower/institution. (viii) In case the Bank’s advance goes "bad" before the 2 years period is over,
Margin Money will be adjusted by the Bank to liquidate the loan liability of
the borrower either in part or full.
(ix) In case any recovery is effected subsequently by the Bank from any source whatsoever, such recovery will be utilized by the Bank for liquidating their outstanding dues first. Any surplus will be remitted to OCKVI.
(x) Margin Money will be one time assistance from OCKVI. For any enhancement of credit limit or for expansion/modernization of the project, margin money assistance is not available.
(xi) Margin Money assistance is available only for new project sanctioned specifically under the REGP-Gramodyog Rojgar Yojana. Existing units are not eligible under the Scheme.
(xii) As per the existing guidelines of the Reserve Bank of India, beneficiary already assisted under REGP – Gramodyog Rojgar Yojana is not eligible for further assistance under another Scheme or vice-versa.
(xiii) Projects financed jointly i.e. financed from two different sources, are not eligible for Margin Money assistance without the prior approval of the competent authority of the Commission.
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(xiv) Bank has to obtain undertaking from the beneficiary before the release of Bank Finance that in the event of objection by OCKVI, he will refund the Margin Money kept in the TDR or release to him after 2 years period.
(xv) Bank has to ensure that each beneficiary prominently displays following sign-board at the main entrance of his project site:-
…………………………………..(Unit name) Financed by………………………….. (Bank)
Under OCKVI’s Gramodyog Rojgar Yojana
(xvi) Margin Money Claim will be submitted by the Financing Branch of the Bank to the designated Nodal Branch within three months from the date of disbursement of first instalment Belated claim will be entertained only on approval by the State/Regional Office of the OCKVI.
(xvii) All the advances under the REGP are collateral security free advances.
(L) REGISTRATION:-Registration with the OCKVI/KVIBs under the Scheme is mandatory. Beneficiary will have to register either with OCKVI or KVIB. For registration with OCKVI, they will have to apply on the prescribed form given in the Annexure-D, duly recommended by the concerned financing bank.
The application should be accompanied by registration fee @ 1% of the project cost by Demand Draft drawn in favour of the Chief Executive Officer of the Commission payable at State Bank of India, Vile Parle (West) Branch, Mumbai – 56. Registration is valid for 3 financial years. For further renewal of the registration, registration fee @ 0.5% of the project cost is to be paid to the OCKVI.
OCKVI will conduct periodical inspection/physical verification of the units through its officials.
Beneficiary will submit quarterly report about production, sales, employment, wages paid etc. to the State/Regional Director of the OCKVI.
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(M) GRAMODYOG ROJGAR YOJANA THROUGH PRIVATE SECTOR SCHEDULED COMMERCIAL BANKS/CO-OPERATIVE BANKS:-
The Scheme is implemented through the Private Sector Scheduled Commercial Banks/Co-operative Banks on selective basis on approval, after verification of intending Banks’ last 3 year's Balance Sheet and ascertaining quantum of lending port-folio. Margin Money portion will be paid on actual reimbursement basis to the Banks by the respective State/UT KVI Boards out of Margin Money amount placed with them by OCKVI and as per guidelines/ circulars issued for the purpose
NEGATIVE LIST OF ACTIVITIES
A) Any industry/business connected with Meat (slaughtered), i.e. processing, canning and/or serving items made of it as food, production/manufacturing or sale of intoxicant items like Beedi/Pan/ Cigar/Cigarette etc., any Hotel or Dhaba or sales outlet serving liquor, preparation/producing tobacco as raw materials, Tapping of Toddy for sale.
B) Any industry/business connected with cultivation of crops/ plantation like Tea, Coffee, Rubber etc. sericulture (Cocoon rearing), Horticulture, Floriculture, Animal Husbandry like Pisciculture, Piggery, Poultry etc.
C) Khadi and Polyvastra and project producing yarn and cloth under Khadi Certification Rules, and any other project of spinning and weaving.
D) Manufacturing of Polythene carry bags of less than 20 microns thickness and manufacture of carry bags or containers made of recycled plastic for storing, carrying, dispensing or packaging of food stuff and any other item which causes environmental problems.

E) Industries such as processing of Pashmina Wool and such other products like hand spinning and hand weaving, taking advantage of Khadi Programme under the purview of Certification Rules and availing sales rebate.
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F) Rural Transport (Except Auto Rickshaw in Andaman & Nicobar Islands, House Boat, Shikara & Tourist Boats in J&K and Cycle Rickshaw), Harvesters.
RECENT DEVELOPMENTS OF OCKVI IN REGP
1. The REGP Scheme is linked with Credit Guarantee Trust Scheme for Small Industries (CGTSI).
2. Convergences are being workedout with Women & Child Development Department, Nehru Yuva Kendra, Army Women Welfare Association, PMRY Scheme

3. Self Help Groups (SHGs) are included among the eligible beneficiaries of REGP.
4. Projects which do not require Working Capital are also eligible under REGP.

5. Opening of Sales Outlets under REGP as service points for Khadi (without rebate) and V.I. products in Rural areas only are also now eligible for Margin Money.
6. Coir-based units are deleted from Negative List of Industries and are now eligible for Margin Money.
7. Rural Transport (except Auto-Rikshaw in A&N Islands, House Boat, Shikara & Tourist Boat in J&K and Cycle Rikshaw), Harvesters are included in the Negative List.
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8. REGP Help-Line Counter is opened at all State/Regional Offices of OCKVI.
9. 'Rural Industries Consultancy Services (RICS) - REGP' allready been set-up 49 RICS and 24 RICS to be set up as 2nd Phase during 2005-06, to help the needy beneficiaries in preparing viable V.I. projects.
DIFFERENT FORMATES

ANNEXURE-'A'
CERTIFICATE TO BE OBTAINED BY STATE KHADI & V.I. BOARD FROM THE BANK
Certified that …………………………………………………………… ….
(Bank Branch, Name & Address) has entertained/financed the Project of Shri/Smt/Kum………………...………………………………………………… ….
(Name & Address of the beneficiary) under Margin Money Scheme of OCKVI and has claimed Margin Money only through …………………..…… .. State Khadi & V.I. Board ……………………..…
It is also certified that our Bank has not claimed Margin Money from Nodal Branch of our Bank for the same case.
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Place: Date:
Signature with seal of the financing Bank Branch Manager.
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ANNEXURE-'B'
CERTIFICATE OF UNDERTAKING TO BE OBTAINED FROM THE
BENEFICIARY
I …………………………………………………………………………. (Name & Address of the beneficiary) have submitted a V.I. Project under …… ………………………………………….. (Scheme) which was sanctioned by … …………………… (Name & Address of the Bank Branch/State KVI Board). I, hereby declare that the Margin Money has not been claimed either by me or by any other person of my family for the same Project in the past.
If at any stage it is noticed that the declaration made by me as above is false and/or Margin Money is claimed more than once, I agree for such action penality as deemed fit by the Competent Authority in the eyes of law.
Place: Date:
Signature of the Beneficiary
ANNEXURE-'C'
CERTIFICATE TO BE OBTAINED FROM BENEFICIARY AS WELL AS FROM BANK
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1. Certified that the unit sanctioned by our Bank/branch in favour of Shri/Smt/Kum …………………………………………………………………………………
is a new Village Industry unit and not an existing unit.
Place: Date:
Signature with seal of financing Bank/Branch Manager.
2. Certified that the unit financed by …………………Bank/………….... KVI Board in my favour under …………………….(activity/industry) is a new Village Industry unit and not an existing unit.
It is also certified that the unit located at the address mentioned in the MM claim is in my name only and I am the sole proprietor of this unit. It is also declared that, it is not a Partnership Firm/Private Company, etc.
It is also hereby declared that all facts furnished by me related to the unit are correct and if found false leading to misguiding the authorities by providing wrong information with ulterior motive of availing Margin Money then I should be subjected to any punishment as deemed fit in the eyes of law.
Place: Date:
Signature of the Beneficiary
ANNEXURE-'D’
CERTIFICATE TO BE OBTAINED FROM THE BENEFICIARY REGARDING TRAINING
a) Certified that I have undergone ………………………….. months/years necessary training under……………..(activity/industry) conducted by ………
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..…………………………….. (Name & Address of the training institute) during …………………… .(period).
b) I am willing to undergo training at my own cost under ………………………… …
(activity/industry) to be conducted by …………………………………………... (name & address of the training institute) in connection with my project financed by …………………………………………. (Bank/KVIB with address) or I am also willing to undergo training under ………..……………….. (activity/industry) whenever I am invited by OCKVI/KVIB/Bank at my own cost.
c) Certified that, I have undertaken the project under ……………...……………… … (activity/industry) since ……………………… (date) and in view of my existing experience as …………………………………….. (position in the unit), I may not require any training for the same(attested copy of proof is enclosed).
Place: Date:
Signature of the Beneficiary
ANNEXURE - "E"
TO BE STAMPED AS AN AGREEMENT AS PER THE STATE STAMP ACT IN FORCE
LETTER OF UNDERTAKING TO BE SIGNED BY THE BORROWER FINANCE UNDER OCKVI - REGP
To,
The Branch Manager,
__________________
LOAN SANCTIONED UNDER THE REGP OF THE OCKVI
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FOR ________________________________ (ACTIVITY)
I/We have been sanctioned with a loan for Rs. ______________________ (Rupees
______________________________________ ) on __________________ for which
necessary documents have been executed by me/us. I/We shall become eligible for
Margin Money Assistance of Rs. __________ (Rupees
_____________________________________ ) under the above scheme only after
OCKVI approves my/our eligibility for the Margin Money. Pending approval & admission of the claim by OCKVI the Margin Money Subsidy amount may be retained in a Term Deposit Account with the Bank in my/our name for two years with lien marked for the loan sanctioned. In case of non-admission / non approval of claim by OCKVI the Bank shall be entitled to.
(a) Refund the subsidy in full to the OCKVI.
(b) To convert the sanction into one or the other of its schemes at its sole discretion without any further reference to me in this regard.
(c) I further undertake to bind myself and abide by the decisions/actions taken by the Bank in this regard as aforesaid
Yours faithfully, Date :-Signature of Borrowe

FORMAT FOR SPONSORING THE BENEFICIARY FOR UNDERGOING EDP TRAINING
ATTESTED PHOTO OF THE BENEFICIARY
1. Name & Address of the beneficiary :
2. Name of the Activity :
3. Location of the Unit :
4. Whether the beneficiary belongs to : SC/ST/OBC/Minority/Ex-Servicemen/ PHC/Women OR General
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5. Name of Financing Bank with add.
:

6. Total cost of the Project : C.E. : ________ W.C. : _______
7. Amount sanctioned with date :
8. Amount of 1st release with date :

9. (a) Whether the beneficiary himself/ :
herself would undergo the training OR depute nominee for the training
(b) Name & Address of the nominee :
I hereby sponsor Shri/Smt./Kum. _________________________ for undergoing EDP
Training at your Training Institute.
Place : Signature of the Branch
Manager
Date : (With Seal)
To,
1) The Principal,
2) The State/Regional Director
OCKVI _________________ for kind information
……………………………………………………………………………………………………
(Certificate to be issued by Training Centre)
Shri/Smt./Kum. _______________________ sponsored by the above said Bank has undergone 3
days EDP Training from ____________ to ____________ . Kindly send the recoupment of the
expenditure of Rs. _______________________ at the earliest.
Place : Signature of the
Principal/Incharge Date : of the Training Centre
To,
The State Director,
Office Of The Commissioner for Khadi & Village Industries,
_____________________
_____________________
Copy to : The Branch Manager (Financing Branch)
Form No.(1) …………..……………………………………… Bank H.O./C.O ………………………………………………..
(Application Form cum Receipt for claiming "Margin Money" from Khadi & Village Industries Commission by beneficiary and Bank - to be neatly filled in block letters or typed) From:- Full Postal Address of the
Branch
The Branch Manager,
…………………..….Branch Vill./Town:-..……………………
…
………………………Tehsil Road:-...…………………………
…
……………………..District P.O.………… Pin………...……
.…
...……………………...State District:-……………………..…
….
State:…………………………… ….
Ref. No. Date:
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To
The Chief Executive Officer,
Khadi & V. I. Commission,
Gramodaya, 3, Irla Road,
VILE PARLE (W), MUMBAI-400 056.
(THROUGH THE FINANCING BANK/NODAL BANK)
Sub:- Payment of "Margin Money" against the Bank Finance sanctioned - reg. Sir,
I/We………………………………………………………………………… .son/daughter/wife of …………………………………………..………..……………….. Secretary/Chairman/President/ Managing Trustee/Proprietor of ……………………… ……………………… hereby informed that, a Village Industry project has been sanctioned in my/own favour under Margin Money Scheme of OCKVI by …………… ..………..…………………………………………..…………Bank…………………… ………………………..Branch.………………………………………………… Tehsil……………………………………...District……………………………… State.
Details of Project Cost
Amount
Means of Finance
Amoun
A) C apital Expenditure:-(i) Workshed (ii) Machinery/Equipment
Own Contribution
Term Loan For Fixed Capital
B) Working Capital
Cash Credit for Working Capital
TOTAL
TOTAL
Cost of land should not be included in the Capital Expenditure under the project cost.
Note:- Total Cost should not exceed Rs.25.00 lakhs for Individuals and Society/Institution /Trust.
I/We, therefore request you to please advise the Bank to disburse an amount of
Rs.……………… (Rupees……………………………………………..……… only)
being the Margin Money sanctioned by the Commission.
The details of my/our project is as under:- 1. (a) Full Name of the beneficiary/Society/ : Institution/Trust
(b) Full Address (with Pin Code) :
(c) Legal Status/Constitution : (Partnership firm not eligible)
(d) Registration No. and date, if any :

2. Location of the Unit : (Village,Taluka,Dist.and State with Pin Code)
3. Village Industry Activity : (Please specify)
4. (a) General Category or : (b) Whether the beneficiary belongs to SC/ST/Minority
/OBC/Ex-Servicemen/PHC/Women/HBA.
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5. Per Capita Fixed Investment : Rs. ……………. (C. E. divided by full time employment equal to
Rs. 50,000/- or Less)
6. Employment envisaged:- a) Full time :
b) Part time :
c) Seasonal :
7. Particulars of deposit of Own Contribution:-
a) Nature of Deposit : SB/CD
b) Account No. : c) Date of deposit :
d) Amount deposited : Rs. …..……
I/We hereby agree to abide by the terms and conditions and instructions issued by the Khadi & V. I. Commission in this behalf from time to time and those to be issued in future with regard to Margin Money Scheme. I/We also agree to furnish quarterly progress report on production, sales, employment, wages paid etc. to the Bank which in turn will send the information on quarterly basis to the Khadi & V.I. Commission/Bank for record and advise Government of India. The Advance Stamp Receipt of Margin Money amount also attached.
Yours faithfully,

(Signature of the beneficiary) SEAL
Form No.2
APPLICATION FOR REGISTRATION OF BENEFICIARIES WITH OCKVI
UNDER REGP (M.M.S)
Pass port size Photograph, duly attested by the Branch manager of The financing Bank.
The Director, State/Regional Office, Khadi & V. I. Commission, --------------------------------- ,
:

: :

: :
1. Name & address of the individual / Institution.
2. Father's/Husband's Name in Full
3. Location of the unit
(Village, Tal., Dist., State with Pin code, Tel. No. etc.)
4. Village industry activity
5. Whether the beneficiary belongs to SC/ST/OBC/Minority /Ex-Servicemen/PHC/Women or General
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6. Total cost of the Project :
7. Name & Address of the bank/ Agency : sanctioning the project.
8. Amount sanctioned with date :
9. Amount released with date ;

10. Date of commencement of production ;
I hereby agree to abide by the terms and conditions and instructions issued by the Commission in this behalf from time to time and those to be issued in future with regard to Margin Money Scheme. I also agree to abide by the following conditions :
a) The unit will work as per the policy, procedure and principles laid down by OCKVI.
b) The unit shall furnish monthly/ quarterly progress report to State Office/Regional Office.
c) The unit shall furnish all papers and documents whatever and whenever called for by OCKVI for inspection/verification.
d) The unit will arrange for its inspection/audit by OCKVI officials as and when required.
e) The unit shall abide by all instructions given by OCKVI officials from time to time.
f) The unit will not change the character of its products, process and structure without prior permission of OCKVI.

g) The unit will not indulge in activities / trade, which are against the principles of rural development and don't fit in the parameters of OCKVI programme.
Signature of the beneficiary
(With seal and date)
B. For Official use only.
1. Recommendation of the Financing institution.
2. Recommendation of the
State Director / Regional Director of OCKVI.

List of documents to be enclosed along with the application.
1. Application in duplicate.
2. Demand draft for amount @ 1 % for Registration & for renewal @ 0.5 % of the project cost in favour of the CEO, OCKVI, payable at SBI, Vile Parle (West), Mumbai -56
3. A certified copy of the project sanctioned by the bank.
4. Copy of the funds sanctioned / released.
5. Certificate about commencement of production of the unit ( to be signed by the beneficiary)
6. Latest Progress Report.

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Form No.3
CERTIFICATE OF THE BANK BRANCH
Certified that the unit sanctioned by our Bank Branch in favour of Shri/Smt/ M/s. ………………………………………………………………………... is a new unit and not an existing unit. The instant Margin Money claim is in conformity with the guidelines and instructions issued by RBI, OCKVI and our Bank. Hence, the claim is hereby forwarded.
(Signature) (Designation of the Bank official) DATE : (Seal of the Bank and Branch)
Signature Code/P.A. No.
RECEIPT
Received Rs. ………………… (Rupees………………………………… only) from the Chief Executive Officer, Khadi and Village Industries Commission, Mumbai-56, towards the payment of "Margin Money" in respect of project of manufacturing of ……… ………………………….………………………………………..… sanctioned for Rs. … ……………… by …………………………………………………………...… Bank at ……………………………….. Branch.
(Revenue Stamp) (Signature of the Applicant) Note:- In case of a Co. operative Society/Institution, Seal has to be affixed.
(For the use of the Bank/Branch)
In consideration of the project of the above beneficiary/Institution, this Bank/Office has sanctioned a loan of Rs. …………………… after proper appraisal of the project at this end. As against a loan of Rs. ……….….. (C.E. Rs………….. W.C. Rs. ……………) the Bank/this Office has released first instalment/full lumpsum amount of loan of Rs. ………..… on ………..…… The Bank/this Office has arranged to deposit the amount of Margin Money in Term Deposit in the name of the beneficiary for 2 years and no interest will be paid on the amount of TDR by the Bank and no interest will be charged on the corresponding amount out of the loan. The Bank is aware, that if the advance goes "bad" before 2 years, the Commission's Margin Money will be adjusted to liquidate loan
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liability of the beneficiary with interest and recovery, if any, affected later will be remitted to the Commission.
(Signature) Place: (Designation of the Bank Official)
Date : (Seal of the Bank)
Signature Code/P.A.No……………..
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