Amendment in rule 6 in s.no.(8) and rule 25 in sub rule (3), Insertion of sub-rule IA in rule 22, 22A & 23 of SDF Rules dated 7th Aug, 2020
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EXTRAORDINARY II(i PUBLISHED BY AUTHORITY No. 391] NEW DELHI, FRIDAY, AUGUST , 2020/SRAVANA 16, 1942 [ II3(i)] 3 MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION (Department of Food and Public Distribution) NOTIFICATION New Delhi, the 7th August, 2020 G.S.R. 496.(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, 2020. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Sugar Development Fund Rules, 1983 (hereinafter referred to as the said rules), in rule 6, in serial number (8), for the words" Chief Director, Directorate of Sugar", the words "Director, Directorate of Sugar and Vegetable Oils" shall be substituted. 3. In the said rules, in rule 22, after sub-rule (1), the following sub-rule shall be inserted, namely:- "(IA) A proposal for modernization-cum-expansion project integrated with cogeneration plant or ethanol plant of any sugar factory of an undertaking having an installed capacity of less than 2500 tones Crushed Per Day but not less than 1250 tones Crushed Per Day and to which financial assistance has been approved as provided in sub-rule (1), shall also be eligible to apply for loan under this rule, subject to the following conditions, namely:- (i) the application for such project is submitted to a bank or financial institution by the sugar factory; (ii) in every such project, the appraising authority of the bank or financial institution certifies that the project submitted by the sugar factory is financially viable for such sugar factory of capacity less than 2500 tones crushed Per Day; (iii) such project shall be technically appraised by the National Sugar Institute, Kanpur or any other institute recognized by the Central Government and it has certified that the project is technically viable; (iv) State Government guarantee is furnished by the sugar factory or sugar undertaking for Sugar Development Fund loan". 4. In the said rules, in rule 22A, after sub-rule (1), the following sub-rule shall be inserted, namely:- "(1A) A proposal for modernization-cum-expansion project integrated with cogeneration plant or ethanol plant of any sugar factory of an undertaking having an installed capacity of less than 2500 tones Crushed Per Day but not less than 1250 tones Crushed Per Day and to which financial assistance has been approved as approved in sub-rule (1), shall also be eligible to apply for loan under this rule, subject to the following conditions, namely:- (i) the application for such project is submitted to a bank or financial institution by the sugar factory; (ii) in every such project, the appraising authority of the bank or financial institution certifies that the project submitted by the sugar factory is financially viable for such sugar factory of capacity less than 2500 tones crushed Per Day; (iii) such project shall be technically appraised by the National Sugar Institute, Kanpur or any other institute recognised by the Central Government and it has certified that the project is technically viable; (iv) State Government guarantee is furnished by the sugar factory or sugar undertaking for Sugar Development Fund loan". 5. In the said rules, in rule 23, after sub-rule (1), the following sub-rule shall be inserted, namely- "(1A) A proposal for modernization-cum-expansion project integrated with cogeneration plant or ethanol plant of any sugar factory of an undertaking having an installed capacity of less than 2500 tones Crushed Per Day but notless than 1250 tones Crushed Per Day and to which financial assistance has been approved as approved in sub-rule (1), shall also be eligible to apply for loan under this rule, subject to the following conditions, namely:- (i) the application for such project is submitted to a bank or financial institution by the sugar factory; (ii) in every such project, the appraising authority of the bank or financial institution certifies that the project submitted by the sugar factory is financially viable for such sugar factory of capacity less than 2500 tones crushed Per Day; (iii) such project shall be technically appraised by the National Sugar Institute, Kanpur or any other institute recognised by the Central Government and it has certified that the project is technically viable; (iv) State Government guarantee is furnished by the sugar factory or sugar undertaking for Sugar Development Fund loan". 6. In the said rules, in rule 25, in sub-rule (3), for the words "rate of six percent", the words "rate of four per cen shall be substituted. 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 was last amended vide notification number G.S.R. 885(E), dated the 17th September, 2018. 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.