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t3)," accord sanction to revive and reintroduce the One Time Settlement Scheme:2:Government have examined the proposal in detail and are pleased toenvisaged in the Government Order read as Lst paper above for the period till31i03/2011, subject to the cond-itions stipulated in the annexure appended to thisordcr. Thc arrears of lv{argin Money Loan pending after thc expiry of the OIS shallbe referred to Revenue Recovery action without further notice,'l'ou- *o*,1ffiGovernor'I. BALAKITIST]NANADDL. CHIEF SECRETARY TO GOV I'Finance (Ind. &PWA) dated 07 /02/20'I"D> The Public Relations Department (for vide publicity).! Stock File.(,Forwarded/By OrderSection Offfcer
3AFINEXUREONE TIME SETTLEMEINT SCHEME FOR MARGIN MONEY LOANThe scheme shall be in force for a period of three months from the date of theGovernment Order.ELIGIBILI'FY:L The scheme ofl OTS shall be applicable to all period over cases ie wherethe normal repayment period spread over 8 years and 3 months fhom thedate of disburscrnent of the Margin Money Loan stands expire+ as perthe loan agreement executed by the loanee/enterprise on thc date ofapplying for OTS. Normal repayment period is spread over 8 years and 3manths. ie an enterpriseiloanee become period over case only af1.er Iyears and 3 months.U- LoaneesAndustrial enterprises who/that have availed Margin MoneyLoan floans as per the terms of erstrvhile schemes of Margin MoneyLoan issued vide G.O. (MS) No. 232i79llD dated ?UA3|W79 and G.0.(MS) No. 170/93/lD dated 28/12/1993 and G.O. (MS) No. l02l951iDdated 061A711995 are eligihle for the present OTS.The concessions to be extended to each category are indicated as follows:CATEGORFNO. r:-' if the odginal loanse has expired and the enterprise is defunct and thereis no asset at its disposal as weli as assets of it does not exist, the entire amount ofPrincipal, interest and Penal lnterest will be written off r'waived as a specialconcession, provided any iegal heirs/surviving famiiy member submits application forclosure of loan account along with certifrcate of death issued by the competentauthority. Decision of the Director of Industries and Commerce will be tjnal for thepurpose.
Page 1: )f.ilriiieT$e\fPGOVERNMENT OF KERAL
Page 5: 3CATEG\RY NO. Y I:-Loanee/enterpris

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