Administration Manual - B.E.S.T. Undertaking.

During the financial year 2004-2005 Undertaking has paid
Rs. 4.45 Crs. out of the total outstanding amount of loan Rs.
20.11 Crs.
ii) Loan from DPDC :
231
The Government of Maharashtra had sanctioned
the loan of Rs. 3.83 Crs @ 14.25%, p.a. to the BEST
Undertaking which was accepted by the Undertaking on
31st March, 1998, but was taken into account in the
financial year 1998-1999. The loan is required to be
repaid in 24 equal installment and accordingly the 7th
installment of Rs. 15.96 Lakhs was paid to the
Government of Maharashtra during the year.
iii) Loan from Banks:
a) Term loan of Rs. 15.14 crores was received from Bank of Maharashtra during
the year 2002-2003 for procurement of 113 S.D. Buses. The Undertaking has
repaid Rs. 5.56 crores during the financial year 2004-05.
b) Term loan of Rs. 15.10 crores was received from Bank of India during the
year 2002-2003 for procurement of 114 S.D. Buses. The Undertaking has repaid
Rs. 5.16 crores during the financial year 2004-05 . In the month of December 2004,
Bank of Maharashtra took over the balance outstanding loan of Rs.7.78 Crs. of Bank
of India.
(iv) During the financial year 2004-05 the Undertaking has received a loan of Rs.
9,03,25,000/- and Grant in Aid of Rs. 9,03,25,000/- on 17.01.2005 and loan of Rs.
9,03,25,000/- and Grant in Aid of Rs. 9,03,25,000/- on 31.3.2005 under Accelerated
Power Development and Reforms Programme (APDRP).