6. RELEASE OF SUBSIDY
The subsidy granted shall be released on receipt of the following documents:
An agreement executed by the beneficiary clearly mentioning that the generator set
- will bemaintained properly
- will be used only for running the coir fibre/ curled coir unit
- will not be shifted from the unit
- will not be disposed without the prior sanction of the Board
- will be insured for an amount not less than the amount of subsidy granted by the Coir Board and renewed periodically for a period of at least five years
The officers of the Coir Board will have the right to inspect the generator set at any time
If the conditions laid down are violated, the beneficiary is liable to repay the entire amount with interest at the rate decided by the Coir Board to the Secretary, Coir Board.
7. FOLLPW UP
The Offices of the Coir Board should carry out periodic inspection to ensure that the generator set is being utilized properly and that the objective is being achieved. |