CITY BUSINESS PLAN

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City Business Plan for Muzaffarpur Municipal Corporation project cost of Rs.10.00 crore, with GoI contribution of 60% (80% for Special Category States and for clusters with more than 50% women/micro/SC/ST units. Credit Linked Capital Subsidy Scheme (CLCSS) for Technology Upgradation of Small Scale Industries The Scheme aims at facilitating technology upgradation by providing upfront capital subsidy to MSE units, on institutional finance (credit) availed of by them for modernization of their production equipment. The Scheme provides for 15 per cent capital subsidy on related equipment. The eligible amount of subsidy calculated is based on the actual loan amount not exceeding Rs. 1 crore. The Small Industries Development Bank of India (SIDBI) and the National Bank for Agriculture and Rural Development (NABARD) act as Nodal Agencies for the implementation of this scheme and several Public Sector Banks have also been inducted as nodal banks/agencies for implementation and release of capital subsidy under the CLCSS.CHEME 4 Credit Guarantee Fund Scheme for MICRO AND SMALL ENTERPRISES (CGTMSE) The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGMSE) was launched by the Government of India to make available collateral-free credit to the micro and small enterprise sector. Both existing and new enterprises are eligible to be covered under the scheme. The Ministry of Micro, Small and Medium Enterprises and Small Industries Development Bank of India (SIDBI), established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to implement the Credit Guarantee Fund Scheme for Micro and Small Enterprises. The corpus of CGTMSE is contributed by the Government and SIDBI in the ratio of 4:1. The institution which are eligible under the scheme are the SIDBI, scheduled commercial banks (Public Sector Banks/Private Sector Banks/Foreign Banks) and select Regional Rural Banks. The credit facilities which are eligible to be covered under the scheme are both term loans and working capital facility up to Rs.100 lakh per borrowing unit, extended without any collateral security or third party guarantee, to a new or existing micro and small enterprise. For those units covered under the guarantee scheme, which may become sick owing to factors beyond the control of management, rehabilitation assistance extended by the lender could also be covered under the guarantee scheme. It is noteworthy that if the credit facility exceeds Rs.50 lakh, it may still be covered under the scheme but the guarantee cover will be extended for credit assistance of Rs.50 lakh only Typically, the guarantee cover available under the scheme is to the extent of 75 per cent of the sanctioned amount of the credit facsility. In case of default, the Trust settles the claim up to 75% (or 80% wherever applicable) of the amount in default of the credit facility extended by the lending institution. Operations of the CGTMSE are conducted through Internet. The website of the CGTMSE has been hosted at www.cgtsi.org.in. Final Report 5-5
City Business Plan for Muzaffarpur Municipal Corporation Scheme for Micro Finance The Scheme has been tied up with the existing programme of SIDBI by way of contributing towards security deposits required from the Micro Finance Institutions (MFIs/NGOs) to secure loans from the SIDBI. The scheme is being operated in underserved States and underserved pockets/districts of other states. The Government of India provides funds for Micro-Finance Programme to SIDBI, which is called a „Portfolio Risk Fund‟ (PRF).At present SIDBI takes fixed deposit equal to 10% of the loan amount. The share of MFIs/NGOs is 2.5% of the loan amount (i.e. 25% of security deposit) and balance 7.5% (i.e. 7.5% of security deposit) is adjusted from the funds provided by the Government of India. Assistance under this scheme may be leveraged to evolve and strengthen MFIs in the region. Quality Upgradation/Environment management for small scale sector through incentive for ISO 9000 /ISO 14001 /HACCP Certification: The scheme provides incentive to those small scale/ ancillary undertaking who have acquired such certifications. The Scheme envisages reimbursement of charges of acquiring certifications to the extent of 75% of the expenditure subject to a maximum of Rs. 75,000/- in each case. Permanent registered Small Scale/ancillary/Tiny/Small Scale Service Business Enterprises (SSSBE) units are eligible to avail the Incentive Scheme. The Scheme provides one time reimbursement of 75% of the admissible expenses incurred for acquiring ISO 9000/ISO 14001 certification, limited to Rs. 75,000 to a small unit. MSME – MDA Scheme The scheme offers funding for: Participation by (manufacturing) MSEs in international trade fairs/exhibitions under MSME India stall; Sector specific market studies (also) by Industry Associations. Initiating/contesting anti-dumping cases by SSI Associations; Reimbursement of 75% of one time registration fee and 75% of annual fees (recurring) paid to GSI by Small & Micro units for the first three years for bar code. Under this scheme, the Govt. of India reimburses 75% of air fare by economy class and 50% space rental charges for one representative of an MSE unit for General category entrepreneurs. For Women/SC/ST Entrepreneurs & Entrepreneurs from North Eastern Region, Govt. of India reimburses 100% of space rent and economy class air fare. The total subsidy on air fare & space rental charges is restricted to Rs.1.25 lakh per unit. SCHEME 7 The Schemes of the DC (MSME) also addresses the growing demand for tools and dies in the country, particularly in the MSME sector. The scheme supports establishment of large as well as Mini Tool Rooms and Training Centres. Such a centre can be set up at an estimated cost of around Rs. 15 crore (including Rs. 10 crore towards cost of machinery/equipment). However, the cost may vary depending upon the activities proposed to be undertaken. The Central assistance will be in the form of one time grant-in-aid equal to 90% of the cost of machinery/equipment (restricted to Rs. 9.00 crore in each case) in the case of a new Mini Tool Room. Such schemes may be of use in the North Bihar region in the longer term context, as the engineering and capital goods sector evolves. Final Report 5-6
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9 REHABILITATION OF STREET VENDORS
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12 CBP IMPLEMENTATION PROCESS 12.1
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