GOVERNMENT OF ANDHRA PRADESH
SOCIAL WELFARE(SCP.II) DEPARTMENT
G.O.Ms No:29 Dated:2-5-2003. Read the following:
1) From the V.C&M.D,APSCCFC Ltd, Lr.No: M1/APSC/99,:
2) From the V.C& M.D, APSCCFC Ltd. NSF-2/564/APSC/2001,
The Vice Chairman & Managing .Director, Andhra Pradesh Scheduled Castes Cooperative Finance Corporation Ltd, Hyderabad has requested the Government in the references first and second read above to provide block guarantee for an amount of Rs.56.90 crores on the loans borrowed from NSFDC, New Delhi, so as to enable the Andhra Pradesh Scheduled Castes Cooperative Finance Corporation to draw loans to assist the S.C.beneficiaries below poverty line. The APSCCFC Ltd, has paid guarantee commission of Rs.113.80 lakhs (One Hundred and thirteen lakhs and eighty thousand) due to State Government vide., challan Nos 230384, Dt:2.7.02& 5898,Dt:28.10.02 and requested the Government to execute block guarantee deed for Rs.56.90 crores. In this connection he has stated that NSFDC, New Delhi has requested to furnish the deed executed by the State Government for an amount of Rs.56.90 crores so as to enable them to release the funds.
2. Government after careful examination of the proposal hereby decide to execute block guarantee deed for an amount of Rs.56.90 crores in favour of National Scheduled Castes& Scheduled Tribes Finance and Development Corporation (NSFDC), New Delhi so as to enable the APSCCFC Ltd to draw loans to assist S.C beneficiaries below poverty line.
3. This order issues with concurrence of Finance (BG.II)Department vide their U.O. No: 10938/144/BG II/2003, Dated: 30.4.2003.
(BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH)
PRINCIPAL SECRETARY TO GOVERNMENT
The V.C& M.D ., APSCCFC Ltd, Hyderabad.,
The C&M.D.,NSFDC., No.8 Balaji Estate,
Guru Ravidas Marg.,
Kalkaji, New Delhi-110019.
The Commnr. of S.W.,A.P., Hyd.
The Fin.& Plg.( FW B.G.II) Dept.,
The Accountant General., A.P., Hyd.
The Gen. Admn .(I&PR) Dept.
The Gen. Admn(Cabinet)Dept.
The Director , I& PR Department,
Copy to : P.S to Minister (SW)
P.S. to Prl. Sec.(SW)
P.S to Minister (TW)
P.S to Secretary (TW)
P.A to Addl. Secy (p)
//FORWARDED BY ORDER//