GOVERNMENT OF ANDHRA PRADESH

                                                                      ABSTRACT

Social welfare Department –Execution of block guarantee deed by State Government for an amount of Rs.56.90 crores to A.P.Schedule Castes Cooperative Finance Corporation Limited to draw loans from NSFDC, New Delhi and to assist the S.C.beneficiaries- Orders-Issued. 

 

                                    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,:

     Date :27.10.99&29.8.01                                      

                         2) From the V.C& M.D, APSCCFC Ltd. NSF-2/564/APSC/2001,

                             Dt: 2.11.02.&28.11.2002.

 

 

**********

ORDER :

 

                              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)

 

                                                                                    JANNAT HUSAIN

                                                           PRINCIPAL SECRETARY TO GOVERNMENT

 

 

To

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)

S.F/S.Cs.

  

 

                              

                                               //FORWARDED BY ORDER//

 

 

                                                                                                                        SECTION OFFICER