Sanction of loans by NABARD under RIDF – Payment of interest for the quarter ending 30-09-2015
GOVERNMENT OF ANDHRA PRADESH
ABSTRACT
RIDF – Schemes for completion of ongoing Projects and other schemes – Sanction
of loans by NABARD under RIDF – Payment of interest for the quarter ending
30-09-2015 –
FINANCE (PF-I) DEPARTMENT
G.O.RT.No. 2581 Dated: 29-09-2015
Read the following:
1) Lr.No.NB.APRO.HYD / 745 /LOS-27A/2015-16 Dated :16-09 -2015..
2) G.O.Rt.No. 2579, Finance (DM) Department, Dt. 29-09-2015.
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O R D E R:
In the letter 1st read above,
NABARD has informed that an amount of Rs.50,22,87,003/- (Rupees fifty crores twenty two lakhs and eighty
seven thousand and three only) is due from Government of Andhra Pradesh towards
interest for the period
from 1st July, 2015 to 30th September, 2015 to NABARD in respect of loans
outstanding under RIDF.
2. In the G.O. 2nd read above, Government have issued Re-appropriation
Order for Rs.5022.88lakhs, since the Budget provision of Rs.25.00 Crs is
not sufficient to meet the expenditure. After careful examination of the matter, Government hereby sanction an
amount of Rs.50,22,87,003/- (Rupees fifty
crores twenty two lakhs and eighty seven thousand and three only)towards
payment of interest payable to NABARD for the quarter ending on 30th September,
2015 in respect of loan outstanding under RIDF in relaxation of treasury
control and quarterly regulation orders.
3. The expenditure sanctioned above shall be debited to the head of account
“2049 Interest Payments (charged) - 01 Interest on Internal Debt - M.H.200
Interest on other
Internal Debts – S.H. (13) Interest on Loans from the NABARD for RIDF
Schemes-450 Interest” and shall be met from the provisions available in BE
2015-16 under the above Head of Account.
4. The Assistant Secretary to Government, Finance (Claims) Department shall
prefer the bill well in advance and PAO, Hyderabad shall take prompt action to
credit an amount of
Rs.51,46,90,411/- (Rupees fifty one crores forty
six lakhs ninety thousand four hundred and eleven only) to the NABARD
A/c.No.8692974, RBI, Fort Branch, Mumbai – 400001
through RTGS.
(BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH)
K.SUNITA
SECRETARY TO GOVERNMENT (B&IF)
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