GOVERNMENT OF TAMIL NADU

ABSTRACT

Industries - The Tamil Nadu Industrial Investment Corporation Ltd. - State Capital Subsidy of Rs.75,07,208/- for the year 2003-2004 - Sanctioned.

INDUSTRIES (MIF 2) DEPARTMENT

G.O.(Ms)No.103
Dated: 20.10.2003.

 READ:

1. G.O.Ms.No.83, Industries (MIF.1)Department, dt.14.8.2003.

2. From the Managing Director, Tamil Nadu Industrial Investment Corporation Ltd, Letter No.TIIC:HO:F&R:2003-2004 dated 18.9.2003.

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ORDER:

In the Budget Estimate 2003-2004, a sum of Rs.17.00 crores has been provided towards disbursement of the Subsidy (Individual based subsidy) in respect of the units assisted by the Tamil Nadu Industrial Investment Corporation Ltd (TIIC).  The Managing Director,  Tamil Nadu Industrial Investment Corporation Ltd.  in her letter read above, has requested Government to release Rs.75,07,208 for disbursement of State Subsidy to the Industrial units assisted by the Tamil Nadu Industrial Investment Corporation Ltd. during May 2003 to July 2003.

2. The Government after careful examination of the request of the Tamil Nadu Industrial Investment Corporation Ltd. have decided to sanction a sum of Rs.75,07,208/- (Rupees seventy five lakhs seven thousand two hundred and eight only) to the Tamil Nadu Industrial Investment Corporation Ltd. towards disbursement of State Capital Subsidy for the industrial units assisted by the TIIC.

3. The expenditure sanctioned in para 2 above shall be debited to the following head of account:-

"2885-Other outlays on Industries & Minerals-01 Industrial Financial Institutions -101 Assistance to Industrial Financial Institutions - Schemes in the Tenth Five Year Plan II State Plan - JD Assistance to the Tamil Nadu Industrial Investment Corporation Ltd. towards Share Subsidy to Industrial Units- 11 Subsidies-01-Individual based Subsidy (D.P Code No.2885-01-101-JD-1113)".

4. The expenditure sanctioned in para 2 above shall be credited to Personal Deposit Account of the Tamil Nadu Industrial Investment Corporation Ltd. viz. "K.Deposits and Advances-(b). Deposit not bearing interst-8443 -00 - Civil Deposits - 800. Other Deposits - AE Deposits of Government Companies, Corporations, etc.-01 Deposits of Tamil Nadu Industrial Investment Corporation Ltd.

(DP Code No.8443-00-800-AE-010H) (Receipts)".

5. The Industries Commissioner and Director of Industries and Commerce is authorised to draw the amount sanctioned in para 2 above and credit it to the Personal Deposit Account of the Tamil Nadu Industrial Investment Corporation Limited.

6. The Managing Director, Tamil Nadu Industrial Investment Corporation Limited, is requested to follow the guidelines issued by the Government for sanction of subsidy (individual based subsidy), maintain proper disbursement of the subsidy and obtain stamped receipts from the units assisted.  Tamil Nadu Industrial Investment Corporation Limited is informed that further release will be considered only on production of disbursement certificate for the amount of Rs.75,07,208/-  sanctioned in para 2 above.

7. The Industries Commissioner and Director of Industries and Commerce is directed to obtain the utilization certificate from the Tamil Nadu Industrial Investment Corporation Limited and send it to Government.

8. This order issues with the concurrence of the Finance Department vide its U.O.No.55963 / Fin.(Ind) / 03, dated 14.10.2003.

(By order of the Governor)

ARUN RAMANATHAN
SECRETARY TO GOVERNMENT.

To

The Managing Director, Tamil Nadu Industrial Investment Corporation Limited, 692-Anna Salai, Chennai-35.

The Industries Commissioner and Director of Industries and Commerce, Chennai-5.

The Accountant General, Chennai-18.

The Accountant General, Chennai-18.(by name)

The Commissioner of Treasuries and Accounts, Chennai-15.

The Pay and Accounts Officer, Chennai-5.

The Chief Accounts Officer, O/o. Industries Commissioner and Director of Industries and Commerce, Chennai-5.

Copy to:

The Finance Department, Chennai-9.

The Planning,  Development  and Special Initiatives Department, Chennai-9.

The State Planning Commission, Chepauk, Chennai-5.

The Secretariat Library, Chennai-9.

The Industries (OP.II) Department, Chennai-9.

The Industries (IT) Department, Chennai-9.

Sf/Sc.

/Forwarded/by order/

Section Officer.