Panaji, 2nd November, 2023 (Kartika 11,1945)

SERIES I No. 31

Reg. No. RNP/GOA/32/2021-2023

RNI No. GOAENG/2002/6410

PUBLISHED BY AUTHORITY

Suggestions are welcomed on e-mail: dir–[email protected]

NOTE

There are four Extraordinary issues to the Official Gazette, Series I No. 30 dated 26-10-2023, namely:—

1. Extraordinary dated 27-10-2023 from pages 2205 to 2206, Notification from Department of Finance regarding

Market Borrowing Programme.

2. Extraordinary (No. 2) dated 27-10-2023 from pages 2207 to 2260, Notification from Department of Finance regarding

rates of Excise Duty.

3. Extraordinary (No. 3) dated 31-10-2023 from pages 2261 to 2262, Notification from Department of Law regarding

Ordinance No. 4 of 2023.

4. Extraordinary (No. 4) dated 31-10-2023 from pages 2263 to 2266, Notification from Department of Finance regarding

the Goa GST (Fourth Amendment) Rules, 2023.

INDEX

Department

Notification

Subject

Pages

Co-operation

Not.- 41/4/2008/TS/RCS/

Guidelines for OTS Scheme for Credit

2267

/VOL. II

Societies 2023

Tribal Welfare

Not.- DTW/7/Hostel/Scheme/

Amendment of Grant-in-aid to Voluntary

2276

/Amendment/2023-24/3034

Organisation for Running Hostels for

Scheduled Tribe Students.

2267

GOVERNMENT OF GOA

Department of Co-operation

Office of the Registrar of Co-operative Societies

Notification

41/4/2008/TS/RCS/VOL. II

Sub.: Guidelines for OTS Scheme for

Credit Societies 2023.

Whereas, the Government had floated OTS

Scheme for all the Credit Societies functioning

within the State of Goa on 10-02-2020 for initial

period of six months and subsequently on

demand from co-operative sector it was

extended from time to time.

And whereas, the members could not take

the benefit under the said OTS Scheme due

to financial crunch on account of covid

pandemic thereby defeating the very purpose

of the said scheme.

And whereas, with a view to minimize the

Non Performing Assets (NPA) of the

Co-operative Credit Societies and to provide

relief to the borrowers/members of the

societies who have not been able to repay

their dues for the reasons beyond their

control, it has been decided to introduce

model guidelines on One Time Settlement

Scheme 2023, for the overall benefit of the

members, depositors of the Co-operative

Credit Societies. This will help the societies

OFFICIAL GAZETTE — GOVT. OF GOA

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2ND NOVEMBER, 2023

2268

in recycling of funds to generate income from

the amount received from non performing

assets.

The benefits under the OTS Scheme shall

be applicable to only those loan accounts

wherein the society has made adequate NPA

provision in the audited balance sheet as on

31-03-2023.

All the Urban Credit Co-op. Societies/PACs/

/Multi-purpose or any other societies

carrying on the business of accepting

deposits and lending loans to its members

are therefore advised to devise One Time

Settlement (OTS) Scheme at their discretion

in line with the revised model guidelines

appended herewith.

This scheme shall come into force once the

same is published in Official Gazette and it

shall remain in force till such time as

mentioned in the above guidelines appended

herewith or any further extension period on

the demands of the co-operative societies

registered under the act and with the

approval of the Government.

Manuel Barreto, Registrar of Co-op.

Societies & ex officio Joint Secretary (Co-

operation).

Panaji, 20th October, 2023.

–––––––

Model Guidelines for One Time Settlement (OTS)

Scheme/OTS Scheme for Credit Co-operative

Societies in the State of Goa-2023.

Introduction:

Hitherto the Government had floated OTS

Scheme for all the credit societies functioning

within the State of Goa on 10-02-2020 for initial

period of six months and subsequently on

demand it was extended over a period of

time, last being extended on 30-06-2023 with

its validity upto 30-09-2023. However the

members could not take benefits under the

said OTS Scheme due to financial crunch on

account of covid pandemic thereby defeating

the very purpose of the said scheme.

Now with a view to minimize the Non

Performing Assets (NPA) of the Co-operative

Credit Societies and to provide relief to the

borrowers/members of the societies, who

have not been able to repay their dues for

the reasons beyond their control, it has been

decided to introduce a One Time Settlement

Scheme 2023, to provide an opportunity to

them to liquidate their dues. This will help

the societies in recycling of funds to generate

income from amount received from non

performing assets.

Features.— 1) The OTS Scheme shall be

applicable to all the Primary Agricultural

Credit/Multipurpose/Urban Co-operative

Credit Societies registered in the State of Goa

who are doing the credit and deposit

business.

2) This scheme shall adhere to all the

provisions of the Goa Co-operative Societies

Act, 2001 and the Rules, 2003 and shall

also comply with the various circulars,

notifications,

orders

issued

the

Government and Registrar of Co-operative

Societies from time to time.

3) After adopting the scheme, it shall be

made applicable to all the members of the

society except sitting members on the Board

of Directors, Ex-Directors and their family as

defined under the act, without any prejudice

and discrimination.

4) Since at any point of time the NPA type

of loan and interest therein would not be

exempted/waived, Rule 40 of the Goa

Co-op. Societies Rules, 2003 shall not be

applicable to this compromise scheme.

5) The societies shall be bound to place all

the information in relations to the loans

covered under this OTS Scheme in the Board

of Director’s meeting. Therefore, all the cases

considered for OTS Scheme shall be included

in the agenda of the Board of Director’s

meeting. The particulars of which will

be placed before the Board of Director’s

in the proforma enclosed herewith as

“Annexure-A”.

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6) The overdue outstanding amount

appearing at NPA stage shall be the minimum

amount to be recovered fully from the loanee

member. The amount beyond the NPA stage

till date of repayment shall be recovered at

discretion of Board at simple rate of interest

ranging from 8 to 10% depending on the merit

of each case.

7) The waiver that may be allowed by the

society in terms of this scheme shall be borne

by the society exclusively on their own

strength and no financial support in the

matter will be provided by the Government

or the Registering Authority.

8) The scheme shall not cover the cases of

frauds, misappropriation of funds and willful

defaulter.

9) Legal heir(s)/guarantor(s) of the

deceased borrowers will also be covered

under the scheme.

10) The scheme will cover all the

borrowers, even if suits filed under arbitration,

execution and section 138 of Negotiable

Instrument Act, 1881.

11) The benefits under the OTS Scheme

shall be given to only those loans account

wherein the society has made and accounted

adequate NPA provision in the audited

balance sheet as on 31-03-2023.

12) All the OTS cases covered under the

scheme shall be placed before the Board

giving all information in forms Annexure ‘A’

for decision of the board and accordingly

acted upon.

1. Eligibility.— A. All the loans which are

classified as NPA’s upto 31-03-2020 and are

still outstanding will be eligible for benefit

under the OTS Scheme.

B. The loans availed by the sitting

directors/members

the

managing

committee, ex-directors and their family as

defined under the Act and employees of the

society shall not be covered under the

scheme.

C. The loans that have been sanctioned by

the society beyond the loan limit that has

been specified in its bye-laws and or loan

rules shall not covered under this scheme.

C. It shall be the discretion of the Board to

decide on merit and within the guidelines of

the OTS Scheme which loans are to be

considered or rejected.

2. Obligation to be adhered by the principal

loanee and sureties after availing OTS

Scheme.— The beneficiaries who are availing

the benefits under the OTS Scheme shall not

be entitled for any type of facilities/exemption

in relation to any other loan repayment; they

shall also not be eligible to avail loan or stand

surety to any type of loans advanced by the

society for the next 6 years.

3. The following items/heads can be

waived/exempted under this scheme.—

a) Recovery expenses of the Society.

b) Penal Interest charged if any.

c) Postage expenses and the expenses

other than the actual interest.

4. Operative period.— The last date of

application to avail the OTS shall be decided

by the Board; however, the same shall not be

extended beyond 31st March, 2024 from the

date of issue of revised guidelines.

5. The mode of application.— a) The

applicant shall deposit 10% of the loan amount

as it stands on cut-off date of classifying his

loan and interest as on the date of NPA.

b) The Board of Directors shall scrutinize

the application received from the loanee

members and take the decision thereafter.

Nevertheless, the decision taken by the

BOD under this OTS Scheme shall be

communicated to the concerned applicant

within 30 days from the date of such decision.

Incase the society refuses any such

applications

the

refusals

shall

communicated to the concerned applicant

OFFICIAL GAZETTE — GOVT. OF GOA

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with the reasons for non-acceptance of his

application and 10% amount of loans received

along with application from the concerned

loanee member shall be credited to the

principle loan of that loanee. In no case,

amount shall be adjusted towards the

interest.

6. Compromise formula.— A. On or before

cutoff date the day on which the loan has

been classified as NPA, the balance appearing

in the loan ledger both principle and interest

(Normal interest as per sanction letter will

be charged from the date of disbursement to

the date of NPA in normal course) shall be

taken as the base amount and the simple

interest ranging from @ 8% to 10% as fixed

by the society for various types/categories of

loans shall be calculated on the total of the

above principal and interest.

B. In case any loanee members has paid

certain amount after cut-off date (i.e. the date

of classifying the loan as NPA), such amount

shall be deducted at the end. However, in no

circumstances the amount outstanding on the

date of classification of loan as NPA shall be

reduced and allowed to be closed by

recovering less amount then the formula

adopted by the society as at “A” above.

C. The loanee member shall deposit at least

25% of above compromised amount within

30 days from the date of the consent letter of

the society. (This 25% proportion may include

the amount deposited 10% at the time of

application for OTS).

D. Remaining 75% of the amount arrived

after compromise shall be paid within 30 days

from the date of expiry of 30 days allowed

(under “C” above).

E. The total amount that has been agreed

to be compromised under this scheme shall

be paid within 60 days (Under ‘C’ & ‘D’

above) from the date of communication

under para 6 from the society to loanee

member.

F. Incase the loanee member fails to pay

the entire amount within 60 days as specified

under clause “E” above and if the balance

remains after 60 days, the loanee members

shall be liable to pay interest rate upto 13%

compounded till the date of final payment as

decided by the society.

G. In case the entire amount arrived after

compromise has not been deposited within

12 months from the date of expiry of 60 days

as calculated in clause “E” of this para the

society will have right to revoke the facility

of One Time Settlement Scheme extended

to the loanee members and in such

circumstances the loanee shall be liable to

pay all the amount along with the regular

interest, service charges, recovery charge

and other incidental expenses. The society

will also have the right to recover the amount

from the loanee as it is being done under

normal practice. This has to be specified in

its scheme by society.

7. OTS under the double the Principal

Amount (Dam Dupat Scheme).— The loans

up to rupees 25 lakhs outstanding with

or without collateral security of movable

and immovable assets/property could be

compromised under double the principal loan

availed (Dam Dupat Scheme).

a) In case any loan which is overdue

(i.e. date of default) for more than seven

years/84 months preceding cut-off date

i.e. on 31st March, 2022, can be settled

under this scheme.

b) Any loan account which has remained

unpaid/outstanding after expiry of

sanctioned period exceeding 3 years

preceding cut-off date i.e. on 31st March,

2022, can be compromised/settled under

this scheme.

Provided that the total amount recovered

shall be at least double the principal loan

availed plus incidental charges such as group

OFFICIAL GAZETTE — GOVT. OF GOA

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insurance and postage if any may be

recovered at the discretion of the society. The

particulars of which will be place before the

OTS sub committee and Board of Directors in

the proforma enclosed herewith as Annexure

B and C.

Compromise amount to be payable

preferably in lump sum latest within 60 days

of the approval, with minimum 10% of the

approved amount to be paid up front with

application.

8. OTS for gold loan account.— In the case

of gold loan there should not be any sacrifice

as value of security should have been

adequate to recover entire loan outstanding.

However, in exceptional cases only where

even after disposing off gold ornaments/

/artificial/coin etc., some outstanding

amounts remains in the account; same

may be covered under this scheme

subject to no fraud/willful default/fake gold

in the account.

a) If amount remains to be paid after

disposing security is equal or less than 10%

of the gold loan sanctioned amount, then

same can be waived out from the bad &

doubtful debts/NPA provision with the

approval AGM.

b) If amount remains to be paid after

disposing security more than 10% of

sanctioned amount, then society shall

obtained approval of AGM and proposal

for the waiver shall be submitted to

registering authority for approval.

The particulars of which will be place

before the OTS sub committee and Board of

Directors in the proforma enclosed herewith

as Annexure D.

9. The obligations to be observed by the

society.— A. Public notice shall be published

in local newspapers, giving publicity of the

scheme and also communication be sent

individually to each eligible loanee by the

society.

B. All the eligible loanee member under

this scheme shall be entitled for the scheme

and the society shall not discriminate to any

member.

C. The amount compromised shall be

deposited by the loanee himself. In no

circumstances, the loan compromised under

this scheme shall be paid by getting

sanctioned loans in the name of other

members or through and on behalf of other

members. In case any director or office bearer

or responsible officer as the case may be is

found to be misutilising the scheme by

borrowing in the name of any one person

and repaying the loan of the other person

with the sole intention to take the benefit of

One Time Settlement Scheme the person

responsible shall be liable for the action.

D. The society shall constitute an

independent sub-committee under the

nomenclature “One time settlement sub

committee” in which the Chairman of the

society, two Directors, will be the Members

and the Chief Executive Officer/Secretary/

/Manager will be the Member Secretary of

the said Committee.

The OTS sub-committee constituted for the

scheme shall scrutinized the each and every

proposal and endorse necessary certificate

of recommendation with reason thereof

before placing the same for the approval of

the BOD in the prescribed annexure enclosed.

The society who has availed any

loan, financial assistance, Government

share holding, guarantees, etc., from the

Government shall invariably seek prior

approval from the Government before

implementing the OTS Scheme.

These are only guidelines issued by the

Government. The societies shall based on

these guidelines draft their own scheme

without disturbing the essence and the

texture of these guidelines or adopt these

guidelines in to with certain changes as

required, and with due approval of the Board

make it applicable.

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Department of Tribal Welfare

Directorate of Tribal Welfare

Notification

DTW/7/Hostel/Scheme/9/Amendment/

/2023-24/3034

Read:

1. No. DTW/STAT/PC/2012-13/85/

/10603 dated 24-09-2015.

2. No.DTW/7/Hostel/Scheme/9/

/Amendment/2015-16/69/7423

dated 27-10-2016.

3. No. DTW/7/Hostel/Scheme/9/

/Amendment/2015-16/1331 dated

12-05-2016.

4. No. DTW/7/Hostel/Scheme/9/

/Amendment/2017-18/9029 dated

29-03-2018.

The Directorate of Tribal Welfare,

Government of Goa is implementing the

scheme

“Grant-in-aid

Voluntary

Organization for Running Hostels for

Scheduled Tribe Students”.

Whereas Government desires to amend the

scheme in the public interest.

Now therefore the amendment to Clause 6

sub-clause (i) (a), Clause 6 sub-clause (iv),

(v), (vi) & (ix) in scheme “Grant-in-aid to

Voluntary Organization for Running Hostels

for Scheduled Tribe Students” is amended to

read as under:—

Clause 6 sub-clause (i) (a)

Benefit under the scheme:—

Financial Assistance in respect of boys/girls

inmates @ Rs. 2,500/- p.m. per inmate for 11

months with 4% increase on 1st of April every

year.

Clause 6 sub-clause (iv)

Benefit under the scheme:—

@ Rs. 21,000/- per month remuneration of

full time resident superintendent for 12

months with 4% increase on 1st of April every

year.

Clause 6 sub-clause (v)

Benefit under the scheme:—

Honorarium to clerk cum attendant shall

be @ Rs. 14,000/- per month for 12 months

with 4% increase on 1st of April every year.

Clause 6 sub-clause (vi)

Benefit under the scheme:—

Honorarium to cook shall be @ Rs. 14,000/-

per month for 12 months and @ Rs. 12,000/-

per month for 12 months to assistant cook

with 4% increase on 1st of April every year.

Clause 6 sub-clause (ix)

Benefit under the scheme:—

2 security guards shall be sanctioned for

Rs. 13,000/- each per month for 12 with 4%

increase on 1st of April every year.

All other clauses in the above mentioned

scheme

remains

unchanged.

This

amendment shall come into force from the

succeeding month from the date of

publication of Notification in the Official

Gazette.

This issues with the approval of Hon’ble

Chief Minister/Finance (Exp.) Department

vide their FMS No. 1400094608 dated 14-10-2023.

By order and in the name of the Governor

of Goa.

Dasharath M. Redkar, Director of Tribal

Welfare.

Panaji, 23rd October, 2023.

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