THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY(SHRI JAIRAM RAMESH)
(a) : The Special Purpose Tea Fund Scheme was notified by the Govt. of India on 17.01.2007.
The funds allocated/released under Special Purpose Tea Fund over the last three years is as
under :
A/c. Year Subsidy (Cr. Rs.) Default Reserve Fund (Cr. Rs.) Sanct- Rele- Pend- Sanct- Rele- Pend- ioned ased ing ioned ased ing
2006-07 Nil Nil Nil 30.00 30.00 Nil
2007-08 15.00 15.00 Nil 15.00 15.00 Nil
2008-09 25.00 25.00 Nil 15.00 15.00 Nil
The funds are not allocated/sanctioned state-wise.
(b) & (c) : During 2007-08, 96 % of allocated subsidy has been utilized. During 2008-09, it is
expected to utilize 100 % of allocated fund.
(d): The scheme came into operation only in 2007-08. Hence the status of the applications
received during 2007-08 and 2008-09 is shown below:
Applications received for Loan and subsidy
2007-08 2008-09
State No. Sanct- Pending State No. Sanct- Pending ioned ioned
Assam 126 89 37 Assam 82 5 77
W.B. 72 49 23 W.B. 72 17 55
Cachar 9 3 6 Cachar 7 0 7
Karnataka 0 0 0 Karnataka 0 0 0
Kerala 15 14 1 Kerala 7 1 6
Tamilnadu 2 1 1 Tamilnadu 4 3 1
Tripura 3 0 3 Tripura 1 0 1
Application received for Subsidy only
2007-08 2008-09
State No. Sanct- Pending State No. Sanct- Pending ioned ioned
Assam 210 109 101 Assam 155 3 152
W.B. 134 66 68 W.B. 62 4 58
Cachar 16 3 13 Cachar 11 0 11
Karnataka 3 3 0 Karnataka 1 0 1
Kerala 21 17 4 Kerala 20 4 16
Tamilnadu 24 21 3 Tamilnadu 27 0 27
Tripura 12 2 10 Tripura 12 0 0
(e): The details are as follows : -
(i) Meetings taken by Tea Board with the various stakeholders for exploring the ways and means
for resolving procedural delays.
(ii) Matter taken up by Tea Board with the West Bengal Government for expediting the process of
renewal of the lease in r/o gardens in the state as non renewal makes it difficult for the
Banks to give their consent for sharing the mortgage rights with Tea Board.
(iii) The intervention of the Indian Bank Association (IBA) has been sought for overcoming the
differences arising as to the various clauses of the Tripartite Agreement between the Banks
holding the title deeds, applicant and Tea Board and for devising a common standard Tripartite
Agreement which will be applicable to all the commercial Banks.
(iv) Simplification of scheme provisions and centrally monitoring of the various stages of
receipt and processing of applications
(v) Time frames have been set up for the various stages of processing, i.e. from the time of
receipt of application to disbursement of financial assistance to ensure payment of loan /
subsidy within 6 months from the date of receipt of applications
(vi) A dedicated web site is being developed for the scheme with the provision of submission
of applications online.
