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  • Corpus Fund Scheme - CFS

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    Amit Malhotra
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    The Corpus Fund Scheme was notified in 1992 to help SC/ST category LPG distributors. Under the scheme, public sector Oil Marketing Companies provided land and infrastructure to distributors and recovered the investment through license fees per refill. The scheme underwent amendments and was replaced in 2012 by a bank-mediated financial assistance scheme where OMCs facilitated loans from banks to distributors. Under the Corpus Fund Scheme, OMCs also provided working capital to distributors and recovered the capital plus interest over 100 installments starting from the 13th month of operations. Several representations were received from distributors against the recovery of OMC investments to provide infrastructure.

    Original Description:

    Scheme_for SC/ST_Retail Outlet

    Original Title

    Corpus Fund Scheme_CFS

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    The Corpus Fund Scheme was notified in 1992 to help SC/ST category LPG distributors. Under the scheme, public sector Oil Marketing Companies provided land and infrastructure to distributors and recovered the investment through license fees per refill. The scheme underwent amendments and was replaced in 2012 by a bank-mediated financial assistance scheme where OMCs facilitated loans from banks to distributors. Under the Corpus Fund Scheme, OMCs also provided working capital to distributors and recovered the capital plus interest over 100 installments starting from the 13th month of operations. Several representations were received from distributors against the recovery of OMC investments to provide infrastructure.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    67 views1 page

    Corpus Fund Scheme - CFS

    Uploaded by

    Amit Malhotra
    The Corpus Fund Scheme was notified in 1992 to help SC/ST category LPG distributors. Under the scheme, public sector Oil Marketing Companies provided land and infrastructure to distributors and recovered the investment through license fees per refill. The scheme underwent amendments and was replaced in 2012 by a bank-mediated financial assistance scheme where OMCs facilitated loans from banks to distributors. Under the Corpus Fund Scheme, OMCs also provided working capital to distributors and recovered the capital plus interest over 100 installments starting from the 13th month of operations. Several representations were received from distributors against the recovery of OMC investments to provide infrastructure.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Corpus Fund Scheme (CFS)

    The scheme was notified in 1992 and was aimed to help SC/ STs Category LPG
    distributors. Under the scheme public sector Oil Marketing Companies (OMCs) provided
    land and related infrastructure to the distributors availing the scheme. The recovery of
    the investment made by OMCs was through payment of License Fee defined on per
    refill basis. The scheme had several amendments and was finally replaced by the bank
    mediated financial assistance scheme in 2012 wherein OMCs were supposed to
    facilitate provision of loan to these distributors by tying up with banks.

    Under CFS, OMCs also provided working capital to distributors. The recovery of
    working capital plus interest is through 100 installments commencing from the 13
    th

    month of the operation of distributorship. Several representations were received from
    LPG distributors primarily against the recovery on the investment made by OMCs to
    provide infrastructure.

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