Centrally Sponsored Scheme of Quality Control of Ayurveda, Siddha ...

i. Appraisal of the DPRsj. Submission of the financially viable projects/DPRs to theDepartment of AYUSH for final approval of the project andsanction of its share of grant fundingk. Assisting the SPVs in liasoning with the State Governmentagencies for land, external infrastructure like watersupply, effluent disposal, connecting roads, power supplyetcl. Assisting the SPVs in selection of agencies/ experts forvarious services: capacity building, businessdevelopment, technical, engineering, CDEs etcm. Assisting the Department of AYUSH in periodicalmonitoring of the progress of the projects, anddisbursement of funds to the SPVs and their utilisationn. Assisting the SPV in developing suitable O&M frameworko. Providing other need based advisory services to theDepartment of AYUSH in effective implementation of thescheme(iii)The fee payable to PMC by AYUSH will be separate from thegrant-in-aid being given to the SPVs.(c)Special Purpose Vehicle(i)(ii)(iii)(iv)The scheme would be implemented on a PPP basis throughproject specific Special Purpose Vehicles (SPV) formed, ownedand managed by the user Industry. An SPV shall ordinarily be aCompany registered under Companies act 1956. Any otherstructure of SPV would require prior approval of SMCSPV should represent the cluster as a whole and should have aminimum of 15 manufacturer enterprises of AYUSH products asits shareholders, of them at least 75% should have beenlicense holders for manufacturing of AYUSH products underDrugs & Cosmetics Act 1940 with license valid for 3 yearspreceding to incorporation of SPVAYUSH enterprises shall hold at least 51 % equity of the SPVand remaining may be held by any Government agency,Financial Institution/Bank, strategic partners like buyers, ASUcolleges etc as the case may beThe shareholding/member enterprises taking/holding stake inthe SPV shall be legally independent entities without anyrelated party relationship with each other as described under