(1) Applications for loans shall be made by the Industrial Cooparative Societies in Form 1A and by individuals or other registered bodies in Form 1B, which forms can be had from any of the officers mentioned below :—
(i) Director of Industries, Rajasthan,
(ii) Additional Director, Deputy Dircctor, Asstt. Director of Industries, 1485
(iii) District Industries Officers,
(iv) Registrar, Co-operative Societies or Assistant Registrars, Co-operative Societies,
(v) Manager, Industrial Estates,
(vi) Managing Director, Rajasthan Financial Corporation, and
(vii) Project Officers, Rural Industrialisation Projects.
(2) Application shall be made in writing to the District Industries Officer or the Deputy Director of Industries where there is no District Industries Officer and in the case of applications has Industrial Co-operative Societies, to the Assistant Registrar of Co-operative Societies concerned or project Officers who will forward the same with his report and recommendation to the authorities concerned to whom powers for sanctioning loans have been conferred under Rule 8 of these rules.
(3) In the case of Industrialists whose factories are located in an Industrial Estate, such application shall be made to the Manager of the Industrial Estate concerned who shall forward the same with his report and recommendation to the authorities competent to sanction, loans under Rules 8 of these rules, through the District Industries Officer conzerned.
(4) An application for a loan out of the funds placed in accordance with these rules at the disposal of Rajasthan Financial Corporation may be made direct to the said Corporation.
Document to accompany applications :— Every application for loans shall be cecompanied by :—
(i) a full description of the property together with the copies of sketches of the same which the applicant proposes to offir as security for the loan applied for,
(ii) an affidavit in Form II to the effect that property is owned by the applicant or his surety and is not subject to any encumbrance or charge or any interest or claim by way of inheritence gift or otherwise, and
(iii) an affidavit in Form III as to the capital invested or to be invested in the industry including the value of rented premises, if any but excluding the amounts spent on housing and amenities for workers shall not exceed ten lacs of rupees and in case it does prior intimation of the same shall be given to the Government.
1486 Authorities competent to sanction loans :— Loans shall be sanctioned by the authorities specified below :— @ Gi)
(iii)
(iv)
(v)
(vi)
(vii) Loans to the extent of Rs. 2000/- in each case will be sanctioned by the Panchayat Samiti having jurisdiction or its standing committee to whom such powers may be delegated by the Panchayat Samiti. Loans exceeding Rs, 2000/- and to the extent of 15,000/- in each case may be sanctioned by a Committee consisting of :—
(a) the Collector of the District asChairman,
(b) the Pramukh of Zila Parishad as member,
(c)_ the District Level Officers of the Industries Department asMember Secretary.
loans of any amount exceeding Rs. 15,000/- but not exceeding Rs. 20,000/- in each case may be sanctioned by the Director of Industries, Rajasthan, Jaipur.
loans for amounts exceeding Rs. 20,000/- but not exceeding Rs. 50,000/- may be sanctioned by the Loan Committee.
loans exceeding the limit prescribed in clause (iii) above may also be examined by the aforesaid loan Committee and the Registrar Co-operative Societies as the case may be and necessary recommendation shall be made to the State Government.
loans to the extent specified in clause (iii) may also be sanctioned in accordance with these rules by the Rajasthan Financial Corporation for and on behalf of the State Government as its agent out of such percentage of the funds of the Block Loans as State Government may decide to place at the disposal of the said Corporation for disbursement under and in accordance with these rules.
loans upto Rs. 50,000/- to Co-operative Societies shall be granted by the Registrar, Co-operative Societies or the Central Co-operative bank out of the funds placed by the State Government at the disposal of the Registrar, Co-operative Societies.
for implementation of Rural Industrialisation Programme the State level Co-ordination Committee and the Project Committees may sanction Joans not exceeding Rs. 1.00 lacs and Rs. 50,000/- respectively in each case, 1487
9. Limitation to the power of sanctioning Loan:
The power to sanction loans conferred on the authorities specified in rule 8 shall be subject to the following limitations, namely :— @ Gi) not less than 50% of the total amount allocated for being advanced by way of loans under and in accordance with rules withina district shall be so advanced with in the local limits of the Panchayat Samities in that District; and the maximum amount of loans sanctioned in any one case shall not, subject to the other provisions contained in the rules, ordinarily exceed :—
(a) in the case of an individual Rs 25,000/-
(b) in the case of registered firm body or company Rs. 50,000/- and
(c) in the case of Industrial Co-operative Societies up to Rs. 50,000/~ and in exceptional cases by the Government up to Rs. | lacs in each case but in no case the amount of loan shall exceed the maximum credit limit of the Industrial Co-operative Societies concerned, and
(d) loans exceeding Rs. 50,000/- shall be sanctioned by the State Government,