GOVERNMENT OF TAMIL NADU

Abstract

Small Industries - Industrial Cooperatives - New Schemes for year 2002-2003 - Organisation of Gold jewellery Manufacturing Industrial Cooperative Society in Coimbatore with State Government Share capital assistance - Orders - Issued.

SMALL INDUSTRIES(SIA)DEPARTMENT

G.O.Ms.No.40                                                                               Dated: 16.8.2002

Read :

From the Industries Commissioner and Director of Industries and Commerce, Chennai-5 letter Rc.No.71968/PDB1/2001 dated 6.3.2002.

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ORDER:

Around 500 Goldsmith Artisans and their families are engaged in the gold jewellery manufacturing trade in Coimbatore district traditionally. They have been thrown out of employment owing to recent bomb blast in Coimbatore district and the jewellery trade in Coimbatore district became stand still and export also affected.

2. With the view to provide gainful employment for the livelihood to the goldsmith engaged in the trade and make use of their vast experience in tapping the export market, the Director of Industries and Commerce in his letter read above has sent proposals to Government to organise an Industrial cooperative society for Gold jewellery manufacturing in Coimbatore during the year 2002-2003 with the project cost of Rs.23.17 lakhs as detailed below:-

(Rupees in lakhs)

Non-Recurring Expenditure    1.00

Recurring Expenditure         22.17

                                        ----------

                                 Total 23.17

                                        ----------

3. The financial pattern of the projects is given below:-

(Rupees in lakhs)

Members Contribution                10.00

Government share participation     5.00

Loan from TAICO Bank                8.17

                                            -------------

                                         Total 23.17

                                            -------------

4. The Government after careful examination accept the above proposal for setting up of an Industrial Cooperative Society for Gold Jewellery Manufacturing in Coimbatore, as a new scheme for 2002-2003.

5. Sanction is accorded for incurring an expenditure not exceeding Rs.5 lakhs (Rupees five lakhs only) towards the State Government share participation in the above proposed society.

6. The expenditure sanctioned in para 5 above shall be debited to the following new head of account to be opened under Demand No.42 (02) Small Industries:-

"4851-00-Capital Outlay on Village and Small Industries -195. Investments in Cooperatives-I. Non-Plan-AB. Share Capital Assistance to Gold Jewellery Manufacturing Industrial Cooperative Society-22. Investments".

(D.P.C.No.4851 00 195 AB 2204)

7. The Director of Industries and Commerce is the estimating, reconciling and controlling authority for the new head of account.

8. The expenditure sanctioned in para 5 above shall be constitute an item "New Service" and will be included in the Supplementary Estimate 2002-2003.

9. The Director of Industries and Commerce is authorized to draw and disburse the amount sanctioned in para 5 above to the proposed Society.

10. This order issues with the concurrence of Finance Department vide its U.O.No.58/DS(Per)/2002 dated 16.8.2002 and the additional sanction Ledger No.409.

(BY ORDER OF THE GOVERNOR)

S.MARUTHAI,

DEPUTY SECRETARY TO GOVERNMENT.

To

The Director of Industries and Commerce, Chennai-5.

The Accountant General, Chennai-18/35/6( By Name).

The Accountant General, Chennai-18/35/6.

The Pay and Accounts Officer(East), Chennai-5.

The Collector, Coimbatore.

Copy to:

The Registrar of Cooperative Societies, Chennai-10.

The Finance Department, Chennai-9.

All Section in Small Industries Department, Chennai-9.

Stock file / Spare copy.

/forwarded by order/

SECTION OFFICER.