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REGD. NO. D.L.—33004/95 The Gazette of India EXTRAORDINARY FART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 23] NEW DELHI, FRIDAY, JANUARY 12, 1996/PAUSA 22, 1917 113GI/96 (1) 2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] 3 MINISTRY OF FOOD Provided also that the loan from the fund shall bo granted only if the sugar undertaking contributes (Department of Food) a minimum of ten per cent, of the loan applied for, from its own resources as promoter's contri- NOTIFICATION bution subject to the financial appraisal of the project sponsored by the Technology Information, New Delhi, the 12th January, 1996 ForecastinK and Assessment Council, (TIFAC) O.S.R 27(E).—In exercise of the~powers conferred by sec- which shall be undertaken by financial institution, tion 9 of the Svigar Development Fund Act, 1982 (4 of 1982}, for which the requisite service charges shall be the Central Government hereby makes the following rules be borne by the Ministry of Science and Techno- further to amend the Sugar Development Fund Rules 1983, logy. The project of the sugar undertaking covered under Technology Information, Forecasting and namely :— Assessment Council, (TIFAC) shall be for the 1. (1) These rules may be called the Sujjar Development purpose of modernisation of plant an4 machinery Fund (Amendment) Rules 1995. and such sugar undertaking shall not be allowed any incentives applicable for expansion project: (2) They shall come into force on the date of their pub- lication in the Official Gazette. Provided further that the Central Government shall authorise payment of the said loan under clausej 2. In vuJe 2 of the SuKar Development Fund Rules, 1983 (a) and (b) only to such sugar undertakings which (hereinafter referred to as the said rules), after clause (o). have fully repaid all the sums due in respect of the following shall be inserted, namely :— Sugar Development Fund and Levy SiiRar Price Equalisation Fund ;" "(oo) 'Technology Information, Forecasting and Assess- ment Council' (TIFAC) means a body registered 3. (i) in clause (iii), of sub-rule (9),—after the words "per under the Scieties Registration Act, 1860 (XXI of annum" the words : I860)." "in respect of the projects approved by a financial 3. In rule 16 of the said rulw.— institution and for the projects sponsored by the Technology Information, Forecasting aud Assess- (1) in sub-rule (1) after the words "ils relevant Scheme", ment Council six per cent per annum''; shall be the words "or sponsored1 by the Technology Informa- inserted. tion Forecasting and Assistant Council, in respect of the scheme 'Mission Mode Project on Sugar Pra- (ii) In clause (iv), the following proviso sha11\be Inserted, duction Technologies' of the Department of Science namely :— and Technology" shall be inserted ; "Provided that for the projects sponsored by Techno- 12) for sub-rule (6), the following shall be substituted, logy Information, Forecasting and Assessment namely:— ' Council, the repayment of loan under this rule, together with interest thereon, shall commence "(6)(a) The Central Government mav. after considera- after the expiry of such period as may be decided tion of the recommendation of the Committee and by the Central Government after due verification any other relevant factor, authorise payment to a by Financial Institution subject to a maximum Of sugar undertaking o'f such amount .of loan, not 5 years, reckoned froni the date o£ disbursement exceeding the amount required by 'the financial of the fund Joan and! the loan from the 'fund institution to be contributed by such sucar under- alongwith the interest due thereon, shall be recover- taking as promoter's contribution, as may bo deter- able In annual Instalments not exceeding five in mined bv the Central Government. number". (b) For the projects sponsored bv Technolojty Infor- 4. Li Form-n, items Vill, DC, X and XT after the word mation. Forecasting and Assessment Council, 'Institutions', the words "Technology Information, 'TIFAC) the Central Government may, after con- Forecasting and Assessment Council (TTFAC)" shall sideration of the recommendation of the Committee be inserted. and other relevant factors, authorise payment to a sunar undertaking of such amount of loan not [F. No. 1-2/94-SDF1 exceedinc the amount recommended by the Tech- NAVIN KUMAR, It. Secy. nology Information. Forecastina and Assessment Council (TIFAC) may be determined by the Central Government : Foot Note.—The Principal rules were published In the Gazette of India No. GSR 752(E), dated 27th September, 1983 and subsequently amended vide number:— Provided that the amount of loan from the Fund shall not exceed sixty per cent of the eligible project (i) GSR 8I7(E), dated the 20th December, 1984. cost : (11)GSR 838(E), dated the 11th November, 1985. (ill) GSR 551(E), dated the 6th May, 1988. Provided further that the scheme 61 loin to 63 HSB. tioned under clause (b) shall be coterminus with" (Iv) GSR 235(E), dated the 24th April, 1991. the duration of 'Million Mode Project Scheme on (v) GSR 441(E), dated the 28th April, 1992. Sugar Production Technologies' of Department of Science and Technology: (vl) GSR 435(E), dated the 6th May, 1994. Printed by the Manager, Govt, of India Press, Rku Road. Mays Puri. N*» Delhi-11006* and Published by th* Controller of Publio»ttofl», Defti-110054, 1996