Insertion of necessary requirement of financial appraisal report from FI/Schedule bank in Rule 16 dated 15th Sept, 2006

MINISTRY OF CONSUMER AFFAIRS, FOOD AJ'.'D PUBLIC DISTRIBUTION (Department of Food and Public Distribution) NOTIFICATION New Delhi, the 15th September, 2006 G.S.R. 558(E)·~ In exercise of the powers conferred by section 9 of the Sugar Development Fund Act, 1982 (4 of !982), the Central Government hereby makes the following rules fwther to amend the Sugar Development Fund Rules, 1983, namely:- l. Short title and commencement.-(1) These rules may be called the Sugar Development Fund (Amendment) Rules, 2006. (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 16, in sub-rule (I), for the portion beginning with the words "Any sugar undertaking" and ending with the words "eligible for a loan under this rule", the f(11lowing shall be substituted, "A sugar undertaking shall ordinarily be eligible for a loan und~r this rule- (a) if it is approved by a fmancial institution or a scheduled bank for financial assistance for the purpose of rehabilitation or modernization of its plant and machinery; and (b) the rehabilitation or modernization project has been duly appraised by a financial institution or a scheduled bank or sponsored by the .Technology Information, Forecasting and Assessment Council in respect of the Scheme Mission Mode Project on Sugar Production Technqlogies of the Department of Science and Technology.". 3. In clause (a) and third proviso to clause (b) of sub-rule (6) of rule 16, sub-rule (7), sub­ rule (8), clause (i), clause(iii) and clause (iv) of sub-rule (9), sub :...rule (11) of rule 16 and in items VIII, IX, X, and XI of FORM-II and in tl1e note to ANNEXURE-I TO FOR!v! -II, for the words" financial institution", the words " tinancial institution or a scheduled bank, as the case may be" shall be substituted. Footnote: OJ (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xii) . (xiii) (xiv) (xv) (itvi) (xvii) (xviii) (xix) (xx) (xxi) (xxii) GSR739(E) dated 9.11.2004; u« ~---·-----~----Printed by the:: Manager, Govt. of India P~~~~-Ring Ro~. -~i~;;~l, New DclhHi0064--__.;~--. ----­ and Published by ilie Controller of Publications, Delhi-110054. (xi)