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Technical Consultancy Services Organisation Of
1 2-7
Karnataka( TCSOK)
It was established in the year 1976 by the Government of Karnataka. The primary objective of
founding TECSOK was to provide reliable consultancy support for entrepreneurs to start up self
employment ventures in Karnataka, India.
TECSOK has been considered by the Government of Karnataka, Government of India, State &
Central Financial Institutions, Commercial Banks, Asian Development Bank and a host of other
institutions of the Government and Private as the recognized consultancy agency.
TECSOK has been recognized as the State Nodal Agency by the Ministry of Food Processing
Industries, Govt of India to operate the Ministry's PromotionalSchemesinKarnataka.
A Powerhouse of Expertise
Projects
• Study on working of Alcohol based chemical units to assess the utilization of allotted
RS/DS.
• Study on Energy conservation measures in energy Intensive Industries.
• Study report on fixing tariff rates for utilizing the services of Jawaharlal Nehru Port
Trust, Mumbai.
• Fixing vessel related charges for Murmugoa Port Trust, Goa.
• Study on Consultancy capabilities in Karnataka.
• Study on various aspects of lending by NABARD for non-farm sector in 14 districts of
Karnataka.
• Survey of Rice Mills to assess the potential for establishment of edible grade Rice Bran
oil units.
• Market study on Natural Gas in Karnataka.
• Market intelligence Report on Packaged Tender Coconut Water.
Clients
A Testimony to our capability to serve
• Ministry of Food Processing Industries Govt. of India.
• Department of Scientific and Industrial Research (DSIR), Govt. of India.
• Council for Advancement of People's Action and Rural technology (CAPART), New Delhi.
• Technology Information, Forecasting and Assessement Council (TIFAC), New Delhi.
• Jungle Lodges and Resorts Ltd., Bangalore.
• Industrial Development Bank of India, (IDBI), Mumbai.
• State Level Financial Institutions and Developmental Agencies.
• Commercial Banks.
• Karnataka State Bureau of Public Enterprises(KSBPE),Bangalore
• Danish Embassy, New Delhi.
• Jawaharlal Nehru Port Trust, Mumbai.
• Ford Foundation, New Delhi.
• Heycarb, Colombo, Sri Lanka.
• Major Port Trusts in India.
Departments of
• Industries and Commerce, Govt. of Karnataka
• Fisheries, Govt. of Karnataka
• Sericulture, Govt. of Karnataka
• Tourism, Govt. of Karnataka
• Rural Development and Panchayat Raj. Govt. of Karnataka
• Women and children Development, Govt. of Karnataka
Manpower
TECSOK has over 25 well experienced Engineers of different discipline, MBA's, Finance
professional apart from outside subject experts associated as empanelled consultants involved on
assignment basis.
Fax:+91-80-22266138
E-mail:tecsok@bgl.vsnl.net.in
http://www.tecsok.com
Now the KIADB is following ISO 9001:2000 module covering its functions of Land Acquisition,
Development and Allotment functions in Bangalore Urban and Rural districts.
Functions :
• Acquire land and form industrial areas.
• Provide all infrastructure to such industrial areas.
• Acquire land for Single Unit Complexes.
• Acquire land for Government agencies for their schemes and infrastructure projects.
KIADB has also acquired lands to cater the specific needs of individual industrial units (Single
Unit Complexes). The Board also acquires land for infrastructure projects of the Government.
the world take notice of Karnataka as the premier destination for their startups and ventures.
Till date, KIADB has formed 95 industrial areas spread all over the State, and acquired land for
nearly 290 Single Unit Complexes ensuring balanced industrial development in all regions with
well thought of infrastructures and unique features.
World's leading Companies have rose up in glory on the infrastructure set by KIADB. This apart,
KIADB has envisaged several innovative projects up its sleeve like Agro -Tech Parks, Apparel
Park, Auto Parks, Hardware Park, Bio-Tech Park, EPIPs, Special Economic Zones etc.
Engineering Wing:
Engineering section prepares a design & development plan taking into consideration different
parameters like:
Infrastructure requirements.
Statutory & Regulatory requirements.
Co-ordination with other agencies.
Chief Engineer and Chief Development Officer heads Engineering section assisted by
Development Officers who are in charge at the Zonal Offices. This wing of KIADB also
provides service to the allottees by approving building plans, providing water supply
connections, NOCs for obtaining power connections from supply agencies and addressing the
grievances of allottees at industrial areas in the matters related to infrastructure.
Allotment Wing:
This section is headed by Secretary assisted by Assistant Secretaries at Zonal
Offices. Requests of entrepreneurs in the matters of leasing, issuance of absolute sale deed,
issuance of NOCs for financial assistance, needful clearances for change in activity, change in
constitution, maintenance of payment records of allottees etc, are attended by allotment section.
6. Can somebody from KIADB show the industrial sites available for allotment ?
Yes. The area engineer in-charge will show the available sites to the entrepreneurs.
10. What is the land cost for Single Unit Complex (SUC) ?
Consideration for land would be the tentative cost of land plus service charges of 22.1% on such
tentative cost. However, board may at its discretion reduce the levy of service charges at such
rate as may be prescribed from time to time for the government organizations and infrastructure
projects.
The cost of developed plots in different Industrial Areas is determined based on the cost of
acquisition of land and the developmental expenditure incurred for providing infrastructure
facilities.
21. Do we have to pay any bribe for getting work done in KIADB ?
No, If any Board Official demands bribe or inordinately delays processing of papers and /or
misbehaves in any manner, the same should immediately be brought to the notice of CEO & EM
either orally or in writing.
Accounts Wing:
Controller of Finance- the head of this department is assisted by Senior Audit Officer, Accounts
Officer, Project Officer and Assistant Secretary (A&MIS). This wing of KIADB is engaged in
drawing of budgetary proposals, project financing & planning. This section also has
responsibility of monitoring & maintaining the process related to mobilization of finance for
projects, preparation of final accounts and other activities of KIADB.
Administration Wing:
Joint Director (Admn.) is the Head of this Department. This section has overall responsibility of
general administration, human resources management, other administrative and logistic matters.
This section ensures that the employees of this board are abreast with professionalism by
providing trainings, refresher courses etc., for better productivity in the Organization.
Projects of KIADB
PROJECTS OF KIADB
Auto Parks
To give momentum to growth of automobile industry in Karnataka, KIADB has made plans
to encourage location of automobile ancillary & servicing units following areas. Brief details of
Auto Park and Locations are as below:
At Bidadi in Bangalore:
• Existing world-class infrastructure.
• Adjoining to Proposed Bangalore-Mysore Express Corridor project.
• Home of Toyota Cars ,Coco-Cola & Toyota Techno - Park Projects.
• In the vicinity of Kumbalgodu Industrial Area where Motherson-Sumi, & Araco have
units.
• 30 Kms. from Bangalore on State High Way.
• 1400 MW power project envisaged by KPC.
At Shimoga:
• Extent: 23 Acres with fully loaded infrastructure.
• Allotment made to 180 Units already.
• Shimoga is regional centre for trade and commerce.
• Educational & Health facilities.
• Rivers: Tunga & Bhadra.
• District is well connected with rail and roads.
• Abode of world famous Jog Falls & 1330 MW capacity power generation unit .
At Dharwar:
• Extent 650 Acres with fully loaded infrastructure.
• Regional Centre for trade and commerce.
• An extent of 320 acres of land either side of NH-7 (Banglore-Hosur Road) comprises
Electronic City.
• Full infrastructure loaded.
• Dedicated Water supply from BWS & SB and stable Power Supply.
• Additional land of 122 acres acquired for formation of 3rd Phase.
• Out of this, 75 acres already allotted to Dept of Bio Technology for setting up of Bio-
Tech Park.
• Located On NH-7 at a distance of 23 Kms. from Bangalore City.
• Concrete topped double road for express traffic.
• Looped fly over on approach road built by BDA to ease traffic.
• All secondary infrastructure available in the area.
• Close to posh residential localities
The growth of Small Scale Industries in our country since independence is rightly regarded as
one of the most significant features of planned economic development. The very concept of
small-scale industries, as we know, was not in vogue on the eve of independence. Rural and
Cottage industries, which constituted the “indigenous sector” of our industries, were wide spread
throughout the length and breadth of our country. Various programmes to sustain, modernise and
further develop this group of industries were initiated soon after the independence and the
modern small-scale industry scheme has gradually emerged out of this programme. The Small
Scale Industries have provided opportunities for self employment to educated young men and
experienced technicians from the middle level of society and contributed full to the growth of
industrial entrepreneurship in our country. Today small-scale industries is regarded as power tool
for balanced regional economic development. These achievements are primarily due to the
dynamic enterprising spirit of the small-scale industrialists themselves. A positive programme
for assistance of small-scale industries was initiated towards the end of 1954 on the basis of a
suggestion made by the international planning team sponsored by the Ford Foundation at the
request of Govt. of India. Further, on the basis of the recommendations of the central small
scale industries advisory board the state level organisations to assist the small scale
industries for procurement of scarce raw materials establishment of industrial estates, etc, have
been set up in all states. KSSIDC, is one of such Corporations, established on 29th April
1960.The registered office of the Company started functioning at Bangalore in the State of
Karnataka. The Company framed comprehensive and well-defined Memorandum of Association
and Articles of Association. Which permit the Corporation to take up any activity aimed at the
rapid development of small-scale industry, subject to the guidelines issued by the Government
from time to time and also as per Govt. order.
Functions:
ESTABLISHMENT AND MANAGEMENT OF INDUSTRIAL ESTATES
The programme of establishment of industrial estates, which has been carried out by the State
Government involved in construction of industrial sheds of various dimensions and providing
them with essential amenities such as roads, water supply, sewerage line and electricity. The
maintenance and upkeep of the sheds also became a part of the responsibility of the Corporation.
Besides constructing and letting out the industrial sheds, developed plots were also offered to the
entrepreneurs to put up their own factory sheds. The company also established exclusive and
prominent ancillary industrial estates in the vicinities of large and medium scale industry to cater
to their services to public sectors like BEL, ITI, HAL, NGEF, BHEL, BEML, VISL and Mysore
Lamps.
The Company has also established an exclusive Industrial Estate under ‘Dr. B.R.Ambedkar Birth
Centenary Programme’ at Jigani Bangalore District where 100 sheds have been constructed and
86 plots have been formed with all infrastructure exclusively for SC & ST entrepreneurs. The
Allottees of these sheds are required to pay only 40% of its cost.
The company under VISHWA SHEDS SCHEME constructed 800 sheds all over the state for the
use of tiny units.
LAND ACQUISITION:
The Company with a view to acquire land in and around Bangalore has identified about 2000
Acres of Land in Ganapathihalli and surrounding villages in Magadi Taluk which will be
developed as a model Industrial Estate.
The company has also established centralised stockyard with railway siding facility
at Channasandra, Bangalore at a cost of Rs.100 Lakhs. The Channasandra Stock
Yard is capable of handling more than 1,00,000 Mts. of Iron and Steel Materials including Coal
and Coke.
PARTICIPATION IN EXHIBITIONS
The Company up to 1980 participated in a large number of National and International exhibition
as a part of dissemination of information as well as to create Marketing Outlets for
the products of SSI units. Participation in the International Exhibition has resulted
in securing substantial export order by the SSI units. With this expertise the
Company looks forward to help Export Units to obtain their orders.
OTHER ACITIVITIES:
The Company as a nodal agency for Co-Ordination with Indian Standard Institution set up a
laboratory at Peenya Industrial Estate for ensuring the quality of the products
manufactured in the State. This laboratory provides modern testing facilities for
types of products manufactured in Engineering, Chemical, Electrical, Electronics
and other similar areas. This project with an investment of Rs. 100 Lakhs. Is
financed by the State Govt., KSSIDC, KSFC, KSIIDC, NGEF, MML and IDBI.
Further, the cost of standardisation and licensing fee will also be kept to minimum
since the laboratory will work on no profit basis. Like wise National Institute of
Design have come forward to associate with KSSIDC in setting up a branch of the
National Institute of Design at Industrial Estate, Rajajinagar and is extending its
services for the benefit of the small scale industry in improving the product design
and allied matter. Necessary infrastructure facility has been provided by KSSIDC
to this center.
Company has also provided the accommodation to National Productivity Council for
maintenance and service center at Peenya for the benefit of the Small Scale
Industries.
KSSIDC MISSION
The Corporation’s principle objective is the promotion and development of Small Industries in
the State. Construction and utilisation of infrastructure, especially in backward areas,
procurement and marketing of Raw Materials, technical support and assistance-are means to
reach the goals. A concern for results, emphasis on quality and timely work and willingness to
understand the problems of entrepreneurs-are the staff creed, and KSSIDC constantly strive for
this end. An Industrially prosperous Karnataka is our vision
estimate, tender and also to process the management information system to aid the management
on the day-to-day administration. The company is also making efforts for simplifying the
procedures and to de-centralise the powers so as to ensure that the decisions are taken even at the
field level.
Powers of Officers:
The Board has delegated routine restrictive administrative powers to the departmental heads for
day-to-day affairs of the functional areas. The officers in the cadre of General Managers, Chief
Managers, Superintendent Engineer, Company Secretary, Dy.Chief Managers exercise the same.
However, the overall administrative control of the corporation is vested with the Managing
Director.
obtaining copies thereof. Apart from this each department maintains their own documents and
registers for its smooth functioning.
VII) THE PARTICULARS OF ANY ARRANGEMENT THAT EXISTS FOR
CONSULTATION WITH, OR REPRESENTATION BY, THE MEMBERS OF THE
PUBLIC IN RELATION TO THE FORMULATION OF ITS POLICY OR
IMPLEMENTATION THEREOF;
The Corporation has not appointed any consultants nor do they have any arrangement
with any consultant in relation to formulation of its policy or implementation there to. The
corporation is under the Ministry of Industries, Govt. of Karnataka. The corporation generally
follows the industrial policy announced by the state government from time to time. The policy is
framed by the elected representatives of legislature with the objective of Industrial growth in the
state and creation of employment.
The members of these sub committees are the Directors of the Corporation who are nominated
members for the above Committee. The Committee meets periodically at different intervals and
takes decisions on the subjects, which are placed before them. Thereafter the proceedings are
drawn and are placed before the Board for its consideration and noting. The proceedings of the
above committee are not available for inspection by the citizens.
2) Vishwa shed subsidy is offered by Government which comes in the form of Rent.
The respective allottees are the beneficiaries of these subsidies.
The above Assistant Public Information Officers and Public Information Officers are advised to
address the grievances of the citizens in the light of the right to information act. In case of any
clarifications or doubts on this, the Company Secretary of the Corporation may be contacted.
New Programmes
Professional Course in International & Domestic B.P.O. Skills (Call Center Training)
Schemes
• Schemes under NMCP
• Reimbursement Scheme for obtaining ISO 9000
• MSME-MDA Scheme
We w ish him all success and hope that many young entrepreneurs w ill be motivated from his
Management And Entrepreneurship
Address :
RAPID INDUSTRIES
Diamond Industrial Estate,
Ketkipada Road, Off. W.E. Highw ay,
Dahisar (east),
Mumbai - 400068
Shri P. Satheesan Menon, a Chartered Engineer had undergone the Entrepreneurship Develop
Shri Menon is operating in the follow ing address :
M/s. Jai Automotive Innovations,
B-7, Annapoornadham, 2nd Lane, Pandurangw adi,
P.O. Dombivali (E), Maharashtra
Tel:0251-2801258 / 2441832
Ms. Rita Chhabria & Ms. Geeta Chhabria w ere the trainees of EDP Programme conducted fo
Inspired by the training received in the EDP Programme, the duo started their ow n venture in G
They have now their ow n shop registered under Bombay Shop & Establishment Act.
These trainees are now motivating others to opt for self-employment by attending Training Pro
Mrs Pratiksha Bagw e has undergone a One Month Entrepreneurship Development Programme
Her unit is now permanently registered w ith DIC Thane w ith Regn No 112484158. SISI, Mumba
Shri Subhashchandra A.Palav, opted for VRS from India United Mills, Unit No.1, NTC(MN) Ltd.,
Shri Palav,
R.V.College of Engineering, started his venture of re-filling of perfumes etc. He now
Bangalore feels very confident of lea 35
Address :
Shri Subhashchandra Ankush Palav,
2/53, Anant Nivas, Sane Guruji Marg,
Management And Entrepreneurship
As per the advice of Director, during his presence in valedictory function and Inspired by this
Programme the participants viz Mrs. Alaskar, Mrs. Khare, Mrs Mane, Mrs. Khamkar, Mrs Jyoti
Kanhere formed Sneha Swayam Rojgar Mahila Sahakari Sanstha, a cooperative organisation for
self employment, Now 70 women operating in nearby area have become member of this
Cooperative Society which manufactures and sell ladies garments like petticoat, blouses, bags,
wallets etc.
They have achieved turn over of Rs.5.00 lakh in first 08months. They approach SISI Mumbai for
further guidance and improving working of their Society.
Services
Technical Consultancy Services
Managerial Consultancy Services
Economic Investigation Services
Mission:
To empower the Micro, Small and Medium Enterprises (MSME) sector with a view to
contributing to the process of economic growth, employment generation and balanced regional
development
Vision
To emerge as a single window for meeting the financial and developmental needs of the MSME
sector to make it strong, vibrant and globally competitive, to position SIDBI Brand as the
preferred and customer - friendly institution and for enhancement of share - holder wealth and
highest corporate values through modern technology platform
Various schemes:
Mahila Udyam Nidhi (MUN)
Purpose To meet gap in equity
Eligible Women entrepreneurs for setting up new projects in tiny / small scale sector
Borrowers and rehabilitation of viable sick SSI units. Existing tiny and small scale
industrial units & service enterprises [tiny enterprises would include all
industrial units and service industries (except Road Transport Operators)
satisfying the investment ceiling prescribed for tiny enterprises] undertaking
expansion, modernisation technology upgradation & diversification can also be
considered.
Norms Scheme operated through SFCs / twin function SIDCs / Scheduled Commercial
Banks / Select Urban Co-operative Banks
Cost of Project - Not to exceed Rs.1 million
Soft Loan limit - 25% of cost of Project subject to a maximum of Rs.2,50,000
per project.
Service charges - 1% p.a. on soft loan
Schemes
Minimum Deposit@
A. Cumulative Deposit Rs. 10,000
B. Annual income Rs. 10,000
C. Quarterly Income Rs. 10,000
D. Monthly Income Rs. 10,000
* Additional amounts in multiples of Rs.1,000
Eligible Depositors
Resident Individual. Companies
Minors. Bodies Corporate
HUFs. Societies
Partnership firms Association of Persons
Features
Nomination facility available on Single & Joint Deposits by Individuals.
TDS exemption for income upto Rs. 5000/-. Eligible investments for religious/ charitable trusts
u/s 11(5) of I.T. Act,1961
Interest/ Redemption Cheques will be encashable “at par” in Depositor’s City/ Town.
Direct Credit of Interest to Depositor’s Bank Account through ECS.
Higher rates of interest for Senior Citizens.
Flexible Interest rates on Bulk Deposits.
Duration of Deposit
The minimum and maximum duration of the deposit is 12 and 60 months respectively. The
deposits are accepted for a tenure in multiples of one month only.
F. No. 2(II)/92-Mktg.
Government of India
Ministry of Industry
(Department of SSI & ARI)
New Delhi , the 10th July 1993 .
Government’s Purchase Price Preference Policy- Grant of benefits to small scale units.
Government of India have been extending various facilities as detailed below to the small scale
units registered with National Small Industries Corporation under its Single Point registration
Scheme or with Public Enterprises concerned in order to help them in marketing their products:-
Issue of tender sets free of costs, Exemption from payment of Earnest Money, Waiver of
Security Deposit upto the monetary limit for which the unit is registered, rice preference upto
15% over the quotation of the large scale units.
The basic objective of the Department is also to act as the Nodal Promotional Agency in the
development of industries and industries activities in the State as a whole.
And to promote and achieve the above-mentioned purpose, the Department organises and
implements various programmes and schemes to provide the basic infrastructural facilities for
the creation of industrial awareness and atmosphere viz.,
Investment Awareness Programmes
Entrepreneurship Development Programmes
Workshop and seminars etc.
Besides, the Department also runs regular vocational training courses for creation of skilled
manpower in the following trades: -
Knitting
Tailoring and Embroidery
Carpentry and Furniture making
Leather, Blacksmith and Fabrication
Carpet Weaving
To replacement the above purpose, regular sponsoring with stipend is also offered to local youths
for under-going training and study courses both inside and outside the State.
The Department also provides grants-in-aid loans to some of the autonomous bodies and
subsidiaries like the M.K.V.I.B., M.H.H.D.C., M.E.D.C., M.C.C.L. etc., every year.
Every year, a number of local entrepreneurs are nominated for selection of National Awards to: -
Small Scale Industries and
Handloom and Handicrafts Artisans
Feasibility Studies
As consultancy and study for identification of viable industrial projects, the Department, through
the Meghalaya Industrial Development Corporation (M.I.D.C.) have undertaken a feasibility
studies of several Industrial projects, in which the Meghalaya Industrial Development
Corporation can take part in its equity participation.
Financial Operation
In order to enable the Meghalaya Industrial Development Corporation (M.I.D.C.) to meet its
requirement of fund as a financial institution, the Department extends fund to the Meghalaya
Industrial Development Corporation under the scheme of Financial Operation.
The trainees are granted with monthly stipend at nominal basis. On completion of the training
course, as a follow up, Grants-in-aid both in cash and kind are made available to these technical
entrepreneurs to set up self-employment ventures of their own.
1. Objectives:
The PMRY has been designed to provide employment to more than a million Person by setting
up of 7 lakhs micro enterprises by the educated unemployed youth. It relates to the setting up of
the self-employment ventures through industry, service and business routes. The scheme also
seeks to associate reputed non-governmental organisations in implementation PMRY scheme
especially in the selection, training of entrepreneurs and preparation of project profiles.
2. Coverage:
The scheme intends to cover urban areas only during 1993-94 and whole of the country from
1994-95 onwards. From 1994-95 onwards, the existing self-employment Scheme for the
Educated Unemployed Youth (SEEUY) will be subsumed in PMRY.
3. Eligibility:
Any unemployed educated person living in any part of the country rural or urban fulfilling the
following conditions will be eligible for assistance. However, during 1993-94, the scheme would
be operated only in urban areas.
4. Reservation:
Preference should be given to weaker section including women. The scheme envisages 22.5%
reservation for SC/ST and 27% for other Backward Classes (OBCs)
5. Project Cost:
Projects upto Rs.1 lakh are covered under the scheme in case of individuals. If two or more
eligible persons join together in a partnership, the project with higher costs would also be
covered provided share of each person in the project cost is Rs.1 lakhs or less.
8. Subsidy:
Government of India would provide subsidy at the rate of 15 percent of the project cost subject
to a ceiling of Rs.7, 500/- per entrepreneur. In case more than one entrepreneur join together and
set up a project under partnership, subsidy would be calculated for each partner separately at the
rate of 15 percent of his share in the project cost, limited to Rs.7, 500 (per partner).
9. Repayment Schedule:
Repayment Schedule would range from3 to 7 years after an initial moratorium of 6 to 18 months
as decided by the Bank.
10. Training:
Scheme envisages compulsory training for entrepreneurs after the loan is sanctioned.
various tax concessions and incentives under their industrial Policy. Such concessions
should also be extended to the beneficiaries under the scheme.
• As load requirement will be small, State/U.T. governments have also been
requested to give priority to the person getting the loan sanctioned under the
PMRY for electric connection and no deposit should be asked for and small
infrastructure e.g. erecting a few poles and extension of wire line should be done
expeditiously.
• Implementation of the Scheme of PMRY Yearwise Target and Achievements
Sl Year Target Applications Sanctioned Disbursed Nos. of Benef. Trained Empl. Gen
No Recd. Spon Nos. Amount Nos. Amount
.
1 1993 - 200 574 199 139 106.29 135 98.92 152 313
94
2 1994 - 300 1339 428 307 211.47 288 191.53 316 567
95
3 1995 - 550 1622 592 513 356.88 477 296.77 586 687
96
4 1996 - 550 1537 635 553 406.12 497 327.37 589 735
97
5 1997 - 550 1733 588 524 364.63 464 289.95 415 751
98
6 1998 - 550 1699 583 463 341.84 396 247.1 494 538
99
7 1999 - 550 2912 609 477 315.47 290 163.37 551 261
00
8 2000 - 600 3249 640 417 194.65 179 121.11 549 213
01
9 2001 - 2000 3591 1920 146 977.305 119 845.694 1714 1267
02 6 5
10 2002 - 300 3356 334 157 82.5 9 6.49 160 18
03
11 2003 - * 1350
04
12 2004 - * 1400
05
• Total 8900 2161 6528 501 3357.16 393 2588.3 5526 5350
2 6 0
Why Meghalaya
• Store House of Natural Resources
Services Offered
Assistance will be extended as per the Scheme and Lending Policy guidelines discussing
the sector under which a project falls such as Thrust, Normal, Restricted and Prohibited Sectors,
stipulations on the extent of finance and collateral security to be offered by the promoter will be
duly indicated.
Along with the Project Profile and Bio-data and Networth statements, the promoter is
required to submit copies of the following:
b. Land details: Title deed, previous deed, land conversion order from the Deputy
Commissioner for non agricultural purpose, layout plan approval from competent authority,
khata, tax paid receipts, EC for 15 years if own land In case of leased premises, submit lease
deed including the special clauses stipulated by the Corporation, proof of title of the owner such
as Khata/tax paid receipt etc.
e. Plant and Machinery – list of plant and machinery proposed with supplier and cost supported
by copies of competitive quotations/proforma invoices.
If the plant and machinery is proposed to be imported – copies of Chartered Engineer's
Certificate to be submitted along with the proforma invoice. The minimum residual life should
be at least 10 years.
f. Marketing arrangements made. Market study duly discussing the demand supply position
and gap there of etc.,if carried out may be submitted. Assurance letters/orders placed to also be
submitted. Focus on backward and forward linkages essential.
(You may also download the formats of both Project Profile and Bio-Data & Networth
Statement by clicking on the links shown above.The Soft Copies of both the documents, duly
filled-in may be sent by email to jayaram@ksfc.in and eg@ksfc.net)
Once the above details are submitted and prima-facie clearances on the documents are
obtained from the legal department of the Corporation, the proposal will be placed before the
Project Clearance Committee Meeting Chaired by the Managing Director with Executive
Directors, General Managers (Credit, North Zone, South Zone), DGM (Credits-I), DGM
(Credits-II), AGM (Legal) and AGM (BDCR) as members and convened by AGM (EG). The
project will be deliberated and interacted with the promoter and once the proposal was found to
be in accordance with the lending policy requirements, in principle clearance will be given on the
spot and loan application form will be issued for the specified amount.
The promoter is to submit the application in two sets with copies of all related documents,
estimates, quotations, affidavit etc., Processing fee of 0.5% and Service Tax of 12.36% on the
processing fee shall be paid while submitting the application. Upon scrutiny of the application
the same will be forwarded to the Credits Department for processing. The Credit Department
with its team of technical, financial, legal and marketing officers interacts with the promoter,
inspects the locations of both primary and collateral securities' properties for valuation. After
processing the proposal as per lending policy norms and reports on technical, financial, legal and
marketing duly discussing the viability/feasibility the case will be placed for sanction by the
competent authorities. Up-front fee of 0.5% shall be paid before disbursement of the sanctioned
loan.
The Corporation has fixed time standards for sanction of loans from 21 days to a maximum of 60
days depending on the type of loan.
The Corporation has delegated powers of sanction by the Committees at various levels
DISBURSEMENT PROCEDURE
After the sanction of loan it will bereleased subsequent to the borrower complying with
all the terms and conditions stipulated in the loan sanction letter.
The first step is execution of necessary legal documents by the borrower with the Legal
department of the Corporation. The borrower needs to make necessary upfront fee and legal
fees, which is linked to the loan amount sanctioned at this stage.
The borrower has to obtain appropriate licenses/permissions from various statutory
authorities depending upon the type of project as stipulated in the loan sanction letter.
The borrower has to first bring in his contribution/margin towards the assets being
considered for financing by the Corporation. The loanee has to submit a Chartered
Accountant certificate in a specified format indicating the investments made and the sources
of funds.
The officers of the Corporation will visit the project site to ascertain the status of project
implementation and also the amount invested in the project.
Eligible loan releases will be made considering the progress in implementation of project
and also the securities created and after inspection.
The release towards building is considered after the promoter complying with the first
investment clause. The loan towards building is released in suitable instalments after
inspection.
If the borrower has already remitted his margin as advance for the acquisition of plant
and machinery and submits required proof, the Corporation will issue commitment letter to
the machinery supplier for the balance eligible loan amount. The committed amount will be
released to the machinery supplier once he supplies the machinery to the satisfaction of the
Corporation and the borrower.
Similarly in respect of imported machinery, the Corporation facilitates opening of FLC
after ensuring that the borrower complies required formalities.
The borrower will plough back the releases for creating further assets and he can obtain
additional releases. A provision will be made in the loan amount itself for meeting interest
during implementation. Necessary release and adjustment will be made out of the interest
during implementation provided.
The process will go on till the borrower avails the release of entire loan amount and
implements the project in total.
Periodic visits will be made by the officers of the Corporation to ascertain the status of
project implementation and it will be monitored closely till the entire loan amount is released
to the borrower
NON-LIFE INSURANCE
Corporation has entered into an MOU with IFFCO TOKIO General Insurance Co. for
marketing its non-life insurance policies.
This would enable the clients of KSFC to have credit and the insurance cover under one
roof. The premium tariffs applicable are same as the other insurance companies and at no
extra service charges. An exclusive Insurance Cell with well-trained staff is in operation at
Head Office and also at all the Branch Offices.
LIFE INSURANCE
KSFC has entered into strategic alliance with Life Insurance Corporation of India, the largest
and the oldest Life Insurance Company of the country, to market its Life Insurance products.
The Corporation will help the customers in identifying the tailor made policies suitable for
their future financial needs and extend professional service from procurement of policies to
settlement of claims/payment on maturity to the customers. The clients of KSFC can avail the
group gratuity insurance scheme also for the welfare of their employees through Corporation.
The services are available at no extra cost and at Head Office and at all the branches of the
Corporation situated in the district head quarters. The Corporation believes that life insurance
is not only an investment decision but also a risk protection. The key persons of the ventures
who have availed the loans from KSFC can avail special policies to protect against the risk of
burden of debt in case of happening of any unfortunate event to the key person.
KSFC has well trained staff for servicing the clients of life insurance at Head Office as well
as at all the branches
trusts and PF trusts, co-operative banks can invest their invesitable surplus in the UTI Mutual
Fund products.
The Corporation has got professionally trained persons to guide in the investment process of
UTI Mutual Fund at Head Office and Branch Offices. The service carries no extra charges.
MONITORING AGENCY
As per SEBI guidelines any company which is issuing more than Rs.500 crore shares for
subscription by the publicy, has to appoint a monitoring agency. KSFC is a notified agency for
this. The work involves inspection of the books of accounts and physical assets of the company
every six months, until the completion of the project to verify and certify that the proceeds of the
issue are utilised towards the objects of the issue declared in the prospectus. The companies
planning to issue IPOs can utilise the services of Corporation for Monitoring Agency
assignment as per SEBI guidelines.