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The
Grantee shall carry out the work of modernization/ upgradation
of the ginning and pressing factory more particularly described
in the Schedule hereunder written and hereinafter referred to as
the “the said factory” in
accordance with the proposal submitted by it to the TMC in that behalf
and sanctioned by the TMC with or without modifications in terms
of the details laid out in Annexure – II hereto. |
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The Grantee
will be entitled to reimbursement of 25% of the cost incurred for
the modernization/ upgradation of the Grantee’s factory subject
to an upper limit of Rs……… lakh. The
grant shall be released to the Grantee on reimbursement basis of
satisfactory completion of work of modernization/ upgradation of
his factory as approved by the TMC. |
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The Grantee
shall modernize his composite unit as a whole and in terms of the
sanctions order.
Or
Since the Grantee has only a ginning/ pressing
(strike out as irrelevant) factory, he shall have to undertake
and complete the upgradation of the factory to a composite factory
with both ginning and pressing facilities within the same premises,
in terms of this sanction order.
Or
The Grantee shall set up the new composite ginning
and pressing factory within a common premises in terms of this
sanction order (strike out as not appropriate) |
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The Grantee shall not avail of or be entitled
to any other grant or subsidy from any other Government of India
agency including any loan from the Technology Upgradation Fund
Scheme set up by the Ministry of Textiles, Government of India
with effect from 1st April 1999. |
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Modernization/ upgradation/ establishment
of the Grantee’s said factory shall conform to the requirements
of an ideal ginning and pressing factory as defined by the TMC
vide Annexure – III. |
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If the TMC
suggests any change(s) in the original proposal of the Grantee
for modernization/ upgradation of his/ its said factory, the same
shall be accepted by the Grantee. |
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The Grantee
shall also accept the priorities suggested by the TMC in the execution
of the work of modernization/ upgradation/ establishment of the
said factory. |
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The advice,
if any, given by the TMC in the matter of purchase of equipments/
machineries for his/ its said factory shall be accepted by the
Grantee. |
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If the TMC
takes a decision to make centralized purchases of equipments/ machineries
for different factories for modernization/ upgradation thereof,
the said decision shall be accepted by an be binding upon the Grantee. |
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The modernization/
upgradation work shall be carried out by the Grantee strictly in
accordance with the guidelines prescribed by the TMC, if any, from
time to time. |
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Execution
of the project shall be completed in all respects before ___________
as stipulated by TMC in that behalf. An extension in the
project completion period, not exceeding 6 months, may be granted
by the TMC in its absolute discretion, if it is fully satisfied
by the grounds furnished by the Grantee in that behalf. Any
cost of overrun due to such delay/ extension shall, however, not
be eligible for calculation of the subsidy @ 25%. |
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TMC will
be entitled to periodically review the progress of the modernization/
upgradation work for the completion thereof within the stipulated
time. |
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The Grantee
shall submit quarterly progress reports of the project work for
the completion thereof within the stipulated time. Once
the project is completed, the same will be intimated in writing
by grantee to TMC Cell for final inspection. Expenditure
on account of first two visits to G & P units on account of
final inspection will be borne by TMC and any expenditure incurred
on account of final inspection beyond 2nd visit will
be borne by grantee only. |
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The Grantee
shall provide all facilities to the TMC for taking inspection at
any time of his said factory for verifying the progress of modernization/
upgradation work. |
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The Grantee
shall insure and keep insured the modernized/ upgraded factory
and all its equipments/ machineries and other assets at all times
and shall, whenever required, produce before the TMC/ Government
of India authorities the Insurance policy or policies and the receipts
for the premium paid by the Grantee. |
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After the
completion of the project work, the Grantee shall be solely responsible
for the proper maintenance and upkeep of the said factory and its
equipments/ machineries and TMC/ Government of India authorities,
shall be entitled at any time to visit the said factory for the
purpose of verifying its conditions and its operation. |
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The Grantee
will ensure that a display board is prominently placed in the ginning
and pressing unit itself where it will be clearly written that
the ginning and pressing unit has been upgraded/ modernized/ set
up under Mini Mission IV of Technology Mission on Cotton, a centrally
sponsored scheme of the Ministry of Textiles, Government of India,
New Delhi. |
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If the Grantee
is unable to complete the modernization/ upgradation work within
the stipulated or extended time or fails or neglects to carry out
the said work or to observe the terms and conditions as provided
hereinabove, then and in such event the TMC/ Government of India
shall be entitled to not to reimburse any amount of assistance
for upgradation/ modernization/ establishment of the said factory. |
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Unless and
until the project in respect of the said factory is completed in
all respects and confirmed in writing by the TMC, the Grantee must
retain the absolute ownership and control and charge of the said
factory and shall not change its constitution in any manner without
the prior written consent of the TMC. |
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After the
said factory is duly modernized/ upgraded with the grant from TMC,
the Grantee shall always ensure all modern machines/ systems are
put to appropriate use and that BIS standards in respect of bale
packaging as well as TMC norms for trash content are strictly adhered
to. |
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If the Grantee,
after release of the grants, fails to abide by the terms and conditions
stipulated at Sr. 20 of this Annexure at all times, the Government
of India, through the TMC or the Textile Commissioner, shall be
entitled to recover the grants released to the Grantee. |
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These terms
and conditions shall be deemed to mean and include and shall be
binding upon –
the heirs, executors, administrators and
assignees of the Grantee if the Grantee is an individual person
or persons;
the partner or partners for the time being
and the heirs, executors, administrators and assignees of the
last surviving partner if the Grantee is a partnership firm;
the successors and assignees of the Grantee
if the Grantee is a limited company.
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IN
WITNESS WHEREOF the parties hereto have hereunto and to the duplicate
hereof set and subscribed their respective hands and seals the
day and year first hereinabove written.
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SCHEDULE |
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SIGNED,
SEALED AND DELIVERED
by the within named Technology Mission on Cotton, by its authorized
______________________ ____________________________________ Ministry
of Textiles, Government of India, in the presence of _________________________________________ |
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SIGNED,
SEALED AND DELIVERED
by the within named Grantee_______________ or by the duly authorized
Executive/ Officer ___________________________________________
in the presence of ___________________________________________ |
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