scas in A Sentence

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    Rating Schemes for Scas.

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    The Officials of the Scas.

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    Nationalised Bank The District Offices of Scas/ Branches of RRBs/ Nationalised Banks.

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    The Scas may endeavor to tie-up financial assistance from other sources if any.

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    However funds transferred by Scas to its Branch/District Office(s) are not considered as funds utilised.

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    Further, the Scas are required to endeavour to cover target groups in accordance with the priorities laid down as under:.

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    SECURITY Scas shall provide Government Guarantee/Bank Guarantee to the NSFDC for the funds sanctioned to them, preferably as block guarantee.

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    Only in exceptional circumstances the Scas will be permitted to utilize the notional allocation for cluster development for other purposes.

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    Repayments are to be made by the Scas in accordance with repayment schedule intimated to them at the time of disbursement of funds.

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    After acceptance of the terms and conditions of the sanction and execution of loan agreement/other documents, funds are released to the Scas/RRBs/Nationalised Bank for onward disbursement to the beneficiaries.

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    At the beginning of the each financial year, NSFDC shall notionally allocate funds to the Scas, in proportion to the Scheduled Caste population of the country represented by the respective State/UT Administration.

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    12

    NSTFDC funds released by the Scas to the beneficiary(ies) or advanced to the manufacturer/ supplier of assets(in exceptional cases) towards procurement of approved items as specified in Letter of Intent(Sanction) issued by NSTFDC are only considered as funds utilised.

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