Amendment status not verified — confirm the current text below against the official source.
Standard Operating Procedure for release of incentives under this Policy: A. Apparel unit: a. General Conditions: On achievement of commercial production [certified by (a) Director Industries or (b) Director of Textiles through SPINFED] with recruitment and enrolment of minimum 200 workforce, the unit shall produce the following documents on yearly basis within 3 months from end of each financial year. i. List of workers with full address and self certified domicile Certificates. ii. Self certified copy of Aadhar Card. iii. Pay Roll duly certified by the employer as proof of wage paid month wise online into individual workers’ Bank Accounts. iv. Copy of the online documents (Electronic Challan cum Return ECR) of EPFO reflecting amount deposited against the individual worker in the prescribed format of the EPFO. v. Universal Account Number (UAN) which is the unique account number issued by EPFO to employees. This number Aadhar seeded and verified should be reflected. 4 vi. Online bank receipt towards payment of monthly provident fund received at EPFO. vii. Undertaking that the wages under different categories as prescribed by Labour & Employment Department, Govt. of Odisha have been paid to the workers. b. Release of funds: i. After receipt of above documents from the units, SPINFED will scrutinise and verify the same and recommend to the Director of Textiles, Odisha within two months. The Director of Textiles, Odisha shall disburse the claim online through Banks. ii. All utilization certificates should be duly audited & certified by chartered accountant firms. B. Apparel Park: a. General Conditions: i. Shall be run through an SPV. ii. An SPV promoter/ anchor may be a) A Company with minimum net worth of Rs. 100 cr., or b) A reputed Industry Association in Apparel clusters which has operated for not less than 10 years. iii. The park (other than individual member units) should have minimum investment of Rs. 50 cr. iv. The SPV shall independently arrange the land either through (a) freehold purchase from market or (b) leasehold from IDCO/State Govt. which must be registered in the name of SPV. v. The Apparel Park in all its processes and functions must adhere to environment related compliances such as rain water harvesting; hazardous waste treatment; storage and disposal facilities; clean emissions; pollution control devices; health and safety standards; water and energy conservation. vi. The SPV shall put in place an interactive online application software/ database relevant for accessing benefits under this Policy. vii. Common infrastructure includes ZLD/ CETP, internal drainage, water supply, internal roads, power supply, compound wall, telecommunications etc. 5 viii. Common facilities include testing labs, design centre, training centre, trade/ display centre, warehousing facilities, packaging unit, crèche, canteen, workers’ hostel, office for service providers, labour rest and recreation facilities, marketing support etc. b. Release of Capital Grant: i. First instalment (10%) of the grant will be released to the SPV subject to SPV furnishing a bank guarantee of equal amount to the State Government and with following conditions:— Certificate of Establishment of SPV Inclusion of one representative of Handlooms, Textiles & Handicrafts Deptt., Govt. of Odisha and MD SPINFED on the board of Directors. Land in possession of the SPV Opening of escrow account in a Nationalised Bank. Submission and acceptance of Detailed Project Report (DPR) Consent of financial institution / Bank for funding the project Furnishing the Credentials of all stake holders of SPV. ii. Second instalment (15%) of the grant will be released to the SPV with following conditions:— Utilization Certificate for 1st Instalment Details of equity contribution Sanction Letter for loan component, in case SPV is taking term loans Award of contracts worth equivalent to at least 30% of the total project cost excluding the land cost. Availability of all statutory clearances necessary for commencement of the project, including water and electricity. The Bank guarantee given by the SPV will be returned upon sanction of second instalment of grant. iii. Third instalment of 25% of the grant shall be released after the utilization of the 2nd instalment and after proportionate expenditure (i.e. 25% of the total SPV share from all sources) has been incurred by the SPV. Utilization Certificate (UC) of the 2nd instalment shall be submitted by the SPV at the time of making claim for the 3rd instalment. iv. Fourth instalment of 25% of the grant shall be released after the utilization of the 3rd instalments and after proportionate expenditure (i.e. 50% of the total SPV share from all sources) has been incurred by the SPV. Utilization Certificate (UC) of the 3rd instalment shall be submitted by the SPV at the time of making claim for the 4th instalment. 6 v. Fifth instalment of 25% of the grant shall be released after the successful completion of the project and after 50% of the units in Apparel Park start their commercial production. Utilization Certificate (UC) of the 4th instalment shall be submitted by the SPV at the time of making claim for the final instalment. vi. All utilization Certificates should be duly audited & certified by chartered accountant firms. vii. All interest earned on account of grant should be spent for the purpose for which the grant has been sanctioned, else it should be returned. c. Release of Interest free Loan: i. On application by SPV, 50% of interest free loan may be considered for release upon fulfilment of conditions for 1st instalment of capital grant. ii. On application by SPV, balance 50% of interest free loan may be considered for release upon fulfilment of conditions for 3rd instalment of capital grant. SPINFED will aid, advise, supervise and monitor the SPV from the beginning till grounding of the Park/Unit. Miscellaneous: (a) This policy shall remain in force until substituted by another policy. The State Government may at any time amend any provision of this policy. (b) Doubts relating to interpretation of any term and/ or dispute relating to the operation of any provision under this policy shall be referred to the concerned Administration Department, Government of Odisha for clarification/ resolution and the decision of Government in this regard shall be final and binding on all concerned. (c) Implementation of various provisions covering the incentives, concessions etc. will be subject to the issue of detailed guidelines/ statutory notifications, whenever necessary, in respect of each item by the concerned Administrative Department. ORDER Ordered that the Resolution be published in the next issue of Odisha Gazette. By Order of the Governor CHITHRA ARUMUGAM Commissioner-cum-Secretary to Government Printed and published by the Director, Printing, Stationery and Publication, Odisha, Cuttack-10 Ex. Gaz. 1671 -173+100