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

members collectively should have contributed to a corpus of at least Rs.50lakhs to demonstrate their commitment towards the Project. Such Inprincipleapproval will be valid for a period of 6 months from the date ofapproval, and before that it is expected that the project would be ready forfinal approval. In case final approval is not accorded to the project, within 6months, the in-principle approval will automatically lapse, unless it isspecifically extended by the SMC’.6. Under Section (9) (a) (iii):a. Point 1. Stands deletedb. Point 3. Stands modified as under:Procurement of requisite land by the SPV in terms of registered sale orlease deed in the SPV’s namec. Point No. 6 is replaced by the following point:Sources of funds should have been tied up. In-principle sanction letterbased on DPR appraisal by the lending institution for loans, in caseSPV is borrowing should be there. However the SPV shall obtainformal sanction letter, before the release of the second installment. Incase SPV is not borrowing, 30% of the proposed equity contributionincluding cost of land, should have been brought in by the SPV and theDPR shall be duly approved by the IL&FS and project viability certified.(S.K. Chadha)DirectorTo,1. All AYUSH Drug Manufacturers Associations and Stakeholders.2. All SPVs of AYUSH Cluster, who has submitted their project in theDepartment.3. Dr. A.K. Krishnakumar, General Manager, IL&FS (PMC for Development ofAYUSH Cluster), 2 nd Floor, Niryat Bhawan, Rao Tula Ram Marg, Opp. ArmyHospital Research & Referral, New Delhi-57.4. State health Secretaries/Commissioner (AYUSH) and Directors of AYUSH.5. One copy to NIC for putting it on department’s websiteCopy for information to:1. PPS to Secretary (AYUSH)2. PS to JS (SB)/JS (VS)3. PS to Advisor (Ay.)4. Director (MN)