1 / 22

Tripura Minorities Co-Operative Development Corporation Ltd. (T.M.C.D.C.L.)

Tripura Minorities Co-Operative Development Corporation Ltd. (T.M.C.D.C.L.) Lake Chowmuhani , Agartala West Tripura. I n t r o d u c t I o n

lilia
Télécharger la présentation

Tripura Minorities Co-Operative Development Corporation Ltd. (T.M.C.D.C.L.)

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Tripura Minorities Co-Operative Development Corporation Ltd. (T.M.C.D.C.L.) Lake Chowmuhani, AgartalaWest Tripura.

  2. I n t r o d u c t I o n • TheTripura Minorities Cooperative Development Corporation Limited (TMCDCL) was set up on 28th February 1997 as per guideline of Ministry of Minority Affairs, Govt. of India. • Registered under the Tripura Cooperative Societies Act’1974 vide registration No-1845. • Functioning under the Administrative control of the Minorities Welfare Department, Govt. of Tripura. • Authorized Share Capital Rs.50.00 cores. The Share Capital comprised of 2.50 lakhs (two lakhs fifty thousand) @ Rs.10/- each for the individual members termed as “A” class share and 4.975 lakhs shares of Rupees One thousand each termed as “B” class share issue of which limited to Govt./PRIs/ULBs/PSUs/FIs etc. • Paid up share capital as on 31/03/2014 No of “A” class share = 1970 nos = Rs. 3.84 lakhs. No of State Govt.“B”class share=24,695 nos = Rs. 246.95 lakhs. Total = Rs. 250.79 lakhs

  3. O b j e c t I v e s 1. To acquire/purchase of land or property and to develop khash lands on getting allotments from Government, take up settlement of Minorities on Agricultural/ Plantation based occupation either on it’s own or through specific agencies. 2. To help the Minorities in getting proper price for their Agro-Forest surpluses and products of Vocational trade . 3. To take up various programme for economic development of Minorities through vocational trades, Industries & self employment opportunities in the form of loan. 4. To facilitate in securing institutional finance for bankable scheme in favour of Minorities. 5. To implement any scheme for economic & educational development of the Minorities.

  4. S t r a t e g I e s 1) Taking refinance from National Minorities Development & Finance Corporation (NMDFC) on simple interest @ 3.5% per annum in respect of term loan and simple interest chargeable on the beneficiary by TMCDC 6% as per guide line of NMDFC. 2) Taking refinance from NMDFC an account of Education loan at a simple interest of 1% per annum but simple interest chargeable on the beneficiary by the TMCDC @ 4%. 3) Target group of beneficiaries both for Term & Education loan are the persons belonging to Minority Communities and living below double the poverty line i.e families having annual income less than Rs.81,000/- in Rural Areas and Rs. 1,03,000/- in Urban Areas categorized as below double the poverty line as per guidelines of NMDFC.

  5. Administrative Setup - TMCDCL Board of Director Chairman • Elected Member – 8 nos including Chairman Nominated Member – 3 nos a) Secretary ,MW- Member b) Director , MW- MD c) One Representative of NMDFC • General Manager S T A F F i)Accountant – 1 (On contract basis) (ii) Cashier -1 on deputation (iii) Loan investigator – 1- on Deputation (iv) Data Entry Operator – 1 on contract .(v) Field Supervisor – 20 nos of ST/SC Co-Operative Development Corporation are working for TMCDCL in addition to their normal works.(vi) Group – D . 1.

  6. Unit Cost of Term & Education loan according to norms of NMDFC

  7. Rate of Loan on Education Sector

  8. RESTRICTIONS ON UTILIZATION OF FUNDS AS PER NMDFC’S NORMS • Terms & Conditions of lending for Tripura against borrowing from • NMDFC as indicated below. • 1. Transport Sector - 50% • 2.OtherSmall Business etc. 30% • 3.Education Sector20% • Unit cost of Term loan decided by the Board of Directors of TMCDCL subject to the ceiling limit of NMDFC. Term loan for individual cases can be increased up to Rs.5.00 lakhs carrying simple interest of 6%. • Further increase of term loan which could be up to maximum ceiling of NMDFC for Rs 10.00 lakhs i.e. above Rs.5.00 lakhs would carriy higher rate of 7.5% simple interest. • There is scope for upward revision of Educational loan upto 20.00 lakhs for courses abroad with maximum duration of 5 years @ Rs.4.00 lakhs per annum and moreover up to Rs.10.00 lakhs for professional & job oriented degree courses in India with maximum duration of 5 years @ Rs.2.00 lakhs per annum.

  9. Achievement since inception w.e.f 1997-98 to 2013-14

  10. Education loan disbursed since inception to 2014-15(Up to 18th June,2014)

  11. Achievement of last financial year 2013-14Fund borrowed from NMDFC: Rs.9.00 Crors.Loan disbursed during 2013-14: Rs.7.82 Crors.

  12. Achievement during financial year 2014-15Fund borrowed from NMDFC: Nil.Spill over fund: Rs. 2 . 33 Crores. Loan disbursed during 2014-15 (up to June 19, 2014) : Rs. 1 . 88 Crores. Balance fund: Rs. 0. 45 Crores

  13. Repayment made to NMDFC up to 31/03/2014Total demand raised by NMDFC up to 31/3/2014 was Rs 534.25 lakhs. Repayment by TMCDCL Rs. 534.25 lakhsupto 31/03/2014 made as follows

  14. Action Plan for the year 2014-15

  15. Proposed allocation for the year 2014-15 • NMDFC is to allocate for 2014-15 (@ 90%) 975.00 lakhs • Matching Share required from State Govt. (@5%) 54.15 lakhs • Beneficiary contribution (@5%) 54.15 lakhs • Rs. 1083.30 lakhs • For Borrowing fund from NMDFC, Block State Govt. Guarantee is required for the year 2014-15: Rs. 10.00 Cr.

  16. INNOVATIVE SCHEMES (Placement linked skill training program)Job Oriented Vocational Training SEKHO AUR KAMAO (LEARN & EARN)in collaboration with IIIML for 720 Minority Unemployed Youth

  17. R e c o v e r y of l o a n s • As shown in the previous slide no 13, loan disbursed by the TMCDCL from 1997-98 to 2013-14 Rs.1930.39 lakhs & Recovery made Rs. 518.68 lakhs. • Extent of Recovery 66.5% based on the Schedule of recovery. • According to NMDFC guideline, recovery from beneficiary should be completed within maximum period of 5 years in case of Term loan and completion of courses in case of Education loan. • TMCDCL to repay to NMDFC Interest & Principal within 8 (eight) years in 32 equal installments. • No baddebt declared so far. Will full defaulters identified 305 nos (40 nos Transport sector & 265 nos Small Business sector). • PDR cases lodged for 19 nos cases against defaulters in 2012-13 for an amount of Rs.12.22 lakhs but no recovery reported so far. • Deduction for loan recovery being done from monthly salary of guarantors i.e. Govt. employees having minimum 10 years service.

  18. Steps for improvement of functioning • Periodical evaluation of the implementation of the sanctioned project/schemes by the Board of Management. • 3rd party evaluation may be considered. • Annual audit by Registrar of Co-Operative Societies on regular basis. Audit report received till 2011-12 from RCS. • Awareness & loan recovery camps to be extensively organised. Last camp held at Kadamtala, Dharmanagar on 04-06-2014. • Next camps will be held at Sadar, Bishalgarh, Boxanagar, Sonamura, Udaipur, Amarpur, Kailasahar after Panchayet election 2014. • More number of PDR cases to be lodged and closely monitored. • Proposal initiated for sanction of 23 posts, namely, LDC-6, UDC-4, Field Supervisors-8, Driver-1 & Group - D-4 . This is necessary for gearing up the activities of the Corporation. Continued next slide

  19. Steps for improvement of functioning • During the current financial year physical & financial target already decided by the Board of Director of TMCDCL within the financial outlay of Rs.1083.30 lakhs. Hence revision of unit may be considered during 2015-16 subject to availability of fund from NMDFC on state Govt. guarantee as follows

  20. Steps for improvement of functioning • Placement linked skill training programme has been under taken in 6 (six) centres of the state only in the first fortnight of June 2014 . • According to MoU signed with IIIML minimum 75% placement would be ensured by the said organization. If the present initiative succeeds , NMDFC would be moved for sanction of more fund for skill development programme.

  21. T M C D C L

More Related