SFAC's Project Development Facility (PDF) will maintain a pool of pre-qualified skilled consulting firms and individuals with specific skills to render services at low cost to entrepreneurs and to Lending Banks. SFAC's PDF will address gaps if any in agri-business enterprise skills in an active handholding manner. SFAC will also look to take assistance of specialized Agri-business Groups if some Banks have the capability to undertake PDF role in line with the PDF and Venture Capital Scheme.
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SFAC's PDF is a generator of potential agri-business projects which can attract investment that will benefit the rural community through increased employment and incomes which can be referred to the Bank.
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SFAC may assign the services of agri-business specialists from SFAC's PDF from time to time to associate with periodic progress evaluation of SFAC's VCA projects.
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SFAC will forward proposals received from State Level functionaries / State Level SFAC's to the Nodal Officer of the Bank or Regional /Zonal offices of The Bank for their consideration.
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The PDF of SFAC will arrange to have DPR prepared by a consultant in its panel promptly on receipt of request from the Bank after satisfying about pre-feasibility report. |
SFAC will arrange to remit funds required for preparation of DPR under PDA immediately on receipt of request from the Bank in respect of cases directly referred to a consultant by them. |
9.7 The Bank will release the term loan in one go or as per the progress in the project implementation after completion of documentation formalities and receipt of funds from SFAC towards VCA. The funds received from SFAC will be retained in a separate account and released for the project implementation as and when requested by the applicant. |
On receipt of communication from banks giving details of the qualifying project for VCA, SFAC will place the proposal for VCA before its Investment Committee and communicate sanction to the Bank and the borrower. SFAC will make VCA funds available for the project implementation through the Bank immediately on receipt of communication from the Bank giving details of term loan / working capital proposed to be sanctioned by them. |
