Sanction Amount

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No.O-170341122/2009-H/I&M/FTS-5366 Government of India Ministry of Housing & Urban Poverty Alleviation (HFA-Mission Directorate) Nirrnan Bhawan, New Delhi Dated: so" September, 2015 To The Pay and Accounts Officer Ministry of Urban Development and Ministry of Housing and Urban Poverty Alleviation Nirrnan Bhawan, New Delhi - 110 108 Sub: Sanction of Rs. 15.00 crore to the Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) as Government of India's contribution to the corpus of the Trust during 2015-16 - regarding. Sir, Sanction of the President of India is hereby conveyed to the release of Rs. 15,00,00,000.00 (Rupees Fifteen Crore Only) to the Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) as Government oflndia's contribution to the corpus of the Trust during 2015-16 subject to the following terms and conditions: a) The Scheme is to be implemented as per the provisions contained in Cabinet Note dated 23rd March, 2012 and subsequent modifications in the Scheme effected from time to time. b) The accounts of the Trust would be audited by the C&AGI Chartered Accountants recommended by C&AG as per the procedure applicable to public funds. c) As the Government of India's contribution is towards the Corpus fund of the Trust, the Utilization Certificates are not applicable. 2. The receipt of this letter may kindly be acknowledged and action taken be intimated to this Ministry urgently. 3. The expenditure involved is on 'Plan' item and debitable under: 2217 05 191 Urban Development (Major Head) Other Urban Development Schemes (Sub Major Head) Assistance to Local Bodies/Corpn, Urban Development Authorities, Town Improvement Boards (Minor Head) Rajiv Awas Yojana (Sub Head) Credit Risk Guarantee Fund Trust Contribution (Object Head) 07 07.02 07.02.32 5. The Bank details of CRGFTLIH for making payments are as below: Name of the Name of the Bank Addressl Code of Account No. IFSC Code beneficiary where Alc is held Bank Branch Credit Risk Union Bank of Pahar Ganj Branch, 3571020100 UBIN0535711 Guarantee Fund India No. 2/2 D.B. Gupta 52874 Trust for Low Road, Pahar Ganj, Income Housing New Delhi - (CRGFTLIH) 110055 _,........ JIJJ()JW1

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Transcript of Sanction Amount

No.O-170341122/2009-H/I&M/FTS-5366Government of India

Ministry of Housing & Urban Poverty Alleviation(HFA-Mission Directorate)

Nirrnan Bhawan, New DelhiDated: so" September, 2015

To

The Pay and Accounts OfficerMinistry of Urban Development andMinistry of Housing and Urban Poverty AlleviationNirrnan Bhawan, New Delhi - 110 108

Sub: Sanction of Rs. 15.00 crore to the Credit Risk Guarantee Fund Trust for Low IncomeHousing (CRGFTLIH) as Government of India's contribution to the corpus of the Trustduring 2015-16 - regarding.

Sir,Sanction of the President of India is hereby conveyed to the release of Rs. 15,00,00,000.00

(Rupees Fifteen Crore Only) to the Credit Risk Guarantee Fund Trust for Low Income Housing(CRGFTLIH) as Government oflndia's contribution to the corpus of the Trust during 2015-16 subjectto the following terms and conditions:

a) The Scheme is to be implemented as per the provisions contained in Cabinet Note dated 23rd

March, 2012 and subsequent modifications in the Scheme effected from time to time.b) The accounts of the Trust would be audited by the C&AGI Chartered Accountants

recommended by C&AG as per the procedure applicable to public funds.c) As the Government of India's contribution is towards the Corpus fund of the Trust, the

Utilization Certificates are not applicable.

2. The receipt of this letter may kindly be acknowledged and action taken be intimated to thisMinistry urgently.

3. The expenditure involved is on 'Plan' item and debitable under:

221705191

Urban Development (Major Head)Other Urban Development Schemes (Sub Major Head)Assistance to Local Bodies/Corpn, Urban Development Authorities, TownImprovement Boards (Minor Head)Rajiv Awas Yojana (Sub Head)Credit Risk Guarantee Fund TrustContribution (Object Head)

0707.0207.02.32

5. The Bank details of CRGFTLIH for making payments are as below:

Name of the Name of the Bank Addressl Code of Account No. IFSC Code

beneficiary where Alc is held Bank BranchCredit Risk Union Bank of Pahar Ganj Branch, 3571020100 UBIN0535711

Guarantee Fund India No. 2/2 D.B. Gupta 52874

Trust for Low Road, Pahar Ganj,Income Housing New Delhi -

(CRGFTLIH) 110055 _,........

JIJJ()JW1

-2-

6. This issues with the concurrence of the Finance Division vide their Diary No. 3571 USeD-I) 1FD/15 dated 24.09.2015.

7. This Sanction has been registered at Sl. No. 17of the Sanction Register for the year 2015-16.

Yours faithfully,

~~(Snooana Pramod)Under Secretary to the Government ofIndia

Phone: 011 23063029

Copy to:1) Administration II Section, Ministry of Urban Development, Nirman Bhawan, New Delhi.2) Secretary (HUPA), Nirman Bhawan, New Delhi.3) Joint Secretary&Mission Director (HFA), Nirman Bhawan, New Delhi.4) Joint Secretary, Dept of Financial Services, Jeevan

Parliament Street, New Delhi - 110 0015) Joint Secretary, Dept of Expenditure, North Block, New Delhi6) The Chairman & Managing Director, National Housing Bank, National Housing Bank,

Core 5A, 5th floor, India Habitat Centre, Lodhi Road, New Delhi - 110 0037) The Chairman &Managing Director, HUDCO, India Habitat Centre, Lodhi Road, New Delhi8) The Chairperson, Indian Banks Association, Indian Banks' Association, World Trade Centre,

6th Floor, Centre 1 Building, World Trade Centre Complex, Cuff Parade, Mumbai - 400 0059) The CEO, Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH), National

Housing Bank, Core-5A, 3rd Floor, India Habitat Centre, Lodhi Road, New Delhi-110003.10)The Controller of Accounts (Aid and Audit), Ministry of Finance, Department of Economic

Affairs, Jan path Bhawan, New Delhi - 11000111)The Principal Director of Audit, Economics and Services Ministries, AGCR Building,

Indraprastha Estate, New Delhi - 11000212)Finance Division! Budget Section,Mlo UD13)Guard FilelSanction Folder

Deep Building

.e.u.,.-(Shobana Pramocn-

Under Secretary to the Government of India

Copy for information to:

PS to JS (H) IDirector (HFA-I) IDS (HFA-III)IDS (HFA-IV)

~~d)Under Secretary to the Government of India