The scheme is launched to provide hassle free cash credit facility to Fair Price Shops. The facility under this scheme can be availed to meet working capital requirements for procuring the supplies –food grains and sugar from Assistant Director (Stores).
All the dealers who have been granted dealership by Director of Consumer Affairs & Public Distribution for sale and storage of food grains and sugar under the Public Distribution System and have satisfactory dealings with CAPD for past one year
The facility shall be provided to the dealer to procure supplies –food grains and sugar from Assistant Director (Stores) CAPD.
Working capital Facility
The amount of loan shall be restricted to 75% of the monthly purchases of food grains by the dealer with a maximum of 4.00 lacs only
25% of the monthly purchases.
- Primary: Hypothecation of Food grains.
- Collateral: Third party guarantee of two persons of sound means