How to renewal Agents license Bank Guarantee for Direct Purchase Centres


The Director Agricultural Marketing, Telangana State,  Hyderabad in her letter , has stated  that, consequent on issue of final notification with regard to the amendment of the Telangana (Agricultural Produce & Livestock) Markets Rules 1969 in the G.O. , certain representations have been received from various stakeholders including Associations of Rice Millers, Cotton Ginning Mills and Commission Agents for decreasing the amounts prescribed for Bank Guarantees for issue / renewal of licences, keeping in view the services being rendered by the Traders and Commission Agents to the farmers.   Government have decided to convene a meeting with Associations, Traders and Commission Agents and other stake holders and convened a meeting on 28-02-2018 by the APC and Prl. Secretary to Govt., A & C Department, Director of Agril. Marketing and other officials of the Department with the representatives of various associations.  Further, the Hon’ble Minister for Marketing has also held discussions on 08.03.2018 and 15-03-2018, with the representatives of the Associations of Rice  Millers, Cotton Ginning Mills, Commission Agents and other stakeholders in the presence of the APC and Prl. Secretary to the Govt., A & C Department, Director of Agril. Marketing and other officials of the Department and after elaborate discussions and careful consideration of the representations received, it is decided that, the amount of Bank Guarantees to be submitted for the renewal of licenses of Commission Agents and Traders shall be revised and  also decided that, the amount of Bank Guarantees to be revised for the issue of licenses for processor, warehouse and Direct Purchase Centre (DPC) besides notification of Processing units and warehouses as Markets shall also be revised as prescribed in the G.O. 1st read above.

Government after careful examination of the matter, hereby issue the following orders in relaxation of Rules issued in the G.O. In exercise of powers under of Rule 229 of Telangana (Agri. Produce & livestock) Markets Rules, 1969 in the interest of existing License holders of Commission Agents and Traders and for grant of licenses to the Processors, Warehouses and Direct Purchase Centres and Notification of Markets under the Rules.

The Bank Guarantee as ordered below be applicable to the renewal of License to the existing Commission Agents who are with  Rs.20,000/- as Bank Guarantee / NSC Bonds only.

S. No. Category of License Existing Bank Guarantee (As per G.O.Ms. 58, A&C (Mktg.II) Deptt., Dt.

27.12.2017)

Revised Bank Guarantee in Rs.
Turnover below 1.00

Crore

Turnover above 1.00 crore Below 1.00 crore Between  1-5 crores Above    5 crores
Renewal of Commission Agent License
(a) Fruits and Vegetables 3.00   lakhs 5.00   lakhs 25,000 50,000 1 lakhs
(b) Other than Fruits and Vegetables 5.00   lakhs 10.00  lakhs 50,000 1 lakh 2 lakhs
(c) Commission            Agents

belong to SC/STs

2.00   lakhs 12,500 25,000 50,000

 

  1. b) The Bank Guarantee as ordered below be applicable for renewal existing License of Traders only:

 

S. No. Category of License Existing Bank Guarantee (As per G.O.Ms. 58, A&C (Mktg.II) Deptt., Dt.

27.12.2017)

Revised Bank Guarantee in Rs.
Turnover below 1.00

Crore

 

Turnover above 1.00 crore Below 1.00 crore Between

1-5 crores

Above 5 crores
Renewal of Traders license
(a) Fruits and Vegetables 1.00   lakh 2.00   lakhs 25,000/- 50,000/-      1 lakh
(b) Other than Fruits and Vegetables 5.00   lakhs 10.00  lakhs 50,000/- 1 lakh 2 lakhs

 

  1. The Bank Guarantee as ordered below be applicable for Grant of License to the Processors, Warehouses, Notification as Markets and Direct Purchase Centers (DPC):

 

S. No. Category of License Existing Bank Guarantee (As per G.O.Ms. 58, A&C (Mktg.II) Deptt., Dt.

27.12.2017)

Revised Bank Guarantee in Rs.
Turnover below 1.00

Crore

Turnover above 1.00 crore Below 1.00 crore Between 15 crores Above 5 crores
1 Processors License Rs. 3.00  lakhs Rs.50,000
2. Warehousing Rs. 2.00  lakhs Rs. 50,000
3 Notification as Market Rs.  20.00  lakhs Rs. 2.00  lakhs
4. Direct Purchase Center (DPC) Rs. 10.00 Lakhs Rs.2.00 Lakhs

The revised Bank Guarantee shall also be submit in the form of National Savings Certificates (NSC) Bonds duly Mortgaging in favour of License Granting Authority.

The period of renewal for all the existing licenses, which will expire by 31.03.2018, as such, limited time is left over for submission of application for renewal of licenses. Hence, the Licence grant Authority hereby permitted to renew of such licenses with revised  Bank guarantee as ordered above up to 04.2018.

The Director of Agricultural Marketing, Telangana State, Hyderabad shall take further necessary action accordingly.

Agriculture and Co-operation Department – Revised Bank Guarantee prescribed to renewal of existing License holders of Traders, Commission Agents, and for grant of license to the Warehouses, Processors and Direct Purchase Centres under amended Rules – Orders  – Issued.

AGRICULTURE AND CO-OPERATION (MKTG.II) DEPARTMENT

G.O.Ms.No. 39 Dated: 29-03-2018.

GO.Ms.No.58, Agriculture & Cooperation (Mktg.II) Dept., Dt.27.12.2017.

From the Director of Agricultural Marketing, Telangana, Hyderabad,       Lr.No.SI(G)/7391/2018, Date:23.03.2018.


About Pavan

Advocate, Journalist and Founder of Telangana Navanirmana Sena From Mahabubnagar, 9502200072, India Email Me -- pavan@tgnns.com

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