ABSTRACT

Small Industries - Payment of Back ended interest subsidy for term loans obtained for Technology Upgradation / Modernisation, NEF Schemes ISO Certification and R & D resulting in Registration of Patent and intellectual property rights and loans obtained by Tiny units under CGFT scheme - Permitting the General Managers, District Industries Centres and RJD, Chennai to process back ended interest subsidy applications of banks / financed units - Orders - Issued.

SMALL INDUSTRIES (DEV.2) DEPARTMENT

G.O.(Ms).NO.89                                                       DATED: 3.10.2005

READ:-

G.O.Ms.No.131, Small Industries (Dev.1) Department, dated 9.12.2003.

From the Managing Director, Tamil Nadu Industrial Investment Corporation Letter No. HO:MD:2003-04 dated 30.12.03 and 12.8.2005.

Government Letter No.14111/Dev.2/02-1 dated 5.3.04.

From the Managing Director, SIDCO, Letter No.4865/Y3/04 dated 15.9.04.

READ ALSO:

From the Industries Commissioner and Director of Industries and Commerce Letter RC.No.22751/KC1/05, dated 10.6.05, 5.7.05 and 28.7.05.

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ORDER:

The following amendment is issued to the annexure to G.O.Ms.No.131, Small Industries Department, dated 9.12.2003.

For the existing first paragraph under the caption ‘Nodal agency' in the Annexure to G.O. first read above the following shall be substituted:-

"Tamil Nadu Industrial Investment Corporation is the nodal agency for the above schemes for the units assisted by TIIC except NSIC - SIDCO Consortium Loan schemes and composite term loan and loan obtained by Tiny Industries under CGFTS. For National Small Industries Corporation - Small Industries Development Corporation consortium loan, Composite Term Loan, Small Industries Development Corporation will be the nodal agency. The General Managers in the District Industries Centres / Regional Joint Director, Chennai shall process the back ended interest subsidy applications in respect of bank financed units under technology upgradation / modernisation, ISO Certification, R & D resulting in Registration of Patent & Intellectual property rights and loans obtained by Tiny units under C.G.F.T. Schemes. The Industries Commissioner and Director of Industries and Commerce shall release the fund sanctioned by Government from the funds provided in the Budget to these Nodal Agencies.

(BY ORDER OF THE GOVERNOR)

D. RAJENDRAN

SECRETARY TO GOVERNMENT

To

The Industries Commissioner and Director of

Industries and Commerce, Chennai -5.

The Managing Director, Tamilnadu Industrial

Investment Corporation Limited, Chennai -35.

The Managing Director, Tamilnadu Small

Industries Development Corporation Limited, Chennai -16.

The Regional Director, NSIC, Anna Salai, Chennai -2.

The Accountant General, Chennai - 6/18/35.

The Accountant General, Chennai - 6/18/35(By name)

The State Level District Lead Banks.

Copy to:-

The Chief Minister's Office, Chennai -9.

Senior Personal Assistant to Minister (Rural Industries), Chennai -9.

Senior Personal Assistant to Minister (Finance), Chennai -9.

The Finance Department, Chennai -9.

The Industries Department, Chennai -9.

All Sections in Small Industries Department, Chennai -9.

SF/SC.