project report on fresh papaya fruit

SYMBIOSIS INSTITUTE OF INTERNATIONAL BUSINESS (SIIB) constituent of  SYMBIOSIS INTERNATIONAL (DEEMED UNIVERSITY) (Estd. Under section section 3 of the UGC act 1956, notification notification no. F-9-12/2001(A)-U-3 of the Govt. of India)

Accredited by NAAC with ‘A’ Grade

REPORT Course Name: Project Planning Appraisal And Controle Contro le Code No:020242210 Project name: Project repot on Fresh Papaya Fruit Production Programme: MBA-AB

Batch: 2009-11 [Fresh]

Season: March 2010. Semester- II Seat No.  Name of the Student: Sachin Lakade PRN: 09020242032 Submitted to Prof. Chitragar 

Submission date: [to be written by receiver at the time of submission only]

Fresh Papaya Fruit Production Project:-

S&S. PapayaGrower  Papaya Grower  Sachin Lakade At Khairgaon( kasar) Post Wardh Tq Ralegaon Dist Yavatmal

FORMAT-I 1) 2)

Date of application Control No. : (to be given by NHB)

PHOTO

To, The Centre In-Charge National Horticulture Board ........................................................... ........................................................... To The Managing Director National Horticulture Board Plot No. 85, Sector-18, Institutional Area, Gurgaon-122015 (Haryana) (projects above Rs. 20.00 Lakh may be sent to this address and a copy of the same to concerned State Office too)

Application for Letter of Intent (LOI) under the scheme “Development of  Commerc ercial Horticulture through productio tion and post Harvest est Management” of National Horticulture Board) A. GROWE GROWER/E R/ENTR NTREP EPREN RENEUR EUR 1. Name : Sachin Lakade Permanent Address :_At Khairgaon (kasar),Post: Wardh Tq:-Ralegaon Dist:-Yavatmal Post Postal al Addr Addres ess s : At Khai Khairg rgao aon n (kas (kasar ar), ),Po Post st:: Wa Ward rdh h Tq:Tq:-Ra Rale lega gaon on Dist:-Yavatmal 2. 3. 4. 5.

Categ Cate gory ory : SC Gender Gender : Male Male Age _28___ _28______  ___  Occupa Occupatio tion n : Busi Business ness Man Promot Promoters ers/be /benefi neficia ciary ry profile profile i) Princi Principa pall Promot Promoter/B er/Benef enefici iciary ary ii) Other hers iii) In case of companies Registration number & date of registration Registering authority Act under which Registered Authorized share capital _________  Paid-up share capital capital _________ Reserves & surplus _______  • • • • •

(by end of last financial year)

B. PROPOS PROPOSED ED ACTIVI ACTIVITY  TY  (Cultivation/PHM/Primary Processing/Horticulture ancillary) 1. Name Name of the Proj Project ect Papaya Papaya 2. Loca Locati tion on:: Survey/Khasra No.__123/6 Village :-Khairgaon , Taluka:-Ralegaon District : Yavatmal State:- Maharashtra 3. Activity Activity propo proposed sed under under the projec projectt in detail details:s:(a) (a) Area Area unde underr cul culti tiva vati tion on/p /pro roje ject ct 100 100 acr acres es Name of the Crops

Variety(s)

Area ( acres )

No. of plants Source of Planting Material

i)

Papaya.....

.Tivan .

ii)

.............

..................... ...................

b) c) d)

e) f)

100acres

150000

…………….

PHM Activity - Grading & packing/Pre-cooling/Refer Van:Primary processing - Activity in brief with details of products:Hor Horticulture ancillary ind indu ustry e.g. tools, equipments, plastics, packaging etc. - Activity in brief :Misc Misc.. activi tivitties ies (Not (Not covere vered d in a to d ) - Activity in brief :Reffer Van/S Re an/Sp pecia eciali liz zed Trans ranspo port rt Vehic ehicle le

B.II (a) Whether proposed activity in application is

Nursery

…………….

 Yes Nil

Nil  Yes

 Yes

(if No, the details of pre-existing activity activity or any component thereof included in the application should be indicated clearly)

... ..................................................... ................................................................................ ............................. .. ..................................................... ................................................................................ ................................ ..... (b) Whether any subsidy has been availed availed for the proposed proposal/activity from Central Govt. or any of its Agencies. (if YES, please indicate clearly in detail ..................................................... ................................................................................ ................................ ..... ..................................................... ................................................................................ ................................ .....

No

C. PROPOSED PROPOSED PROJECT PROJECT COST (Component (Component-wise) -wise) Component/Item 5,06,000,00 (a) Cultivation 5,06,000,00 1) Cost Cost of Cult Cultiv ivat atio ion n (i) Cost of planting material 22,50,000 (ii) Cost of fertilizer & manure

2000000

(iii) Source of planting material & proposed variety(ies) (iii)Co )Cost of insecticides & pesticides

500000

(iv)

Cost of labour

416000

(v) Other expenditur expenditure, e, if if any any (pl. (pl. specify) specify) .......... ............... .......... .......... ....... 2) Irr Irriga igation tion (i) Bore-well/Tube-well (new/old)

200000

(iii (iii)Co )Cost st of pipe pipeli line ne (leng (length, th, diam diamet eter er & type of material used)

1450 145000 000 0

(iv)

Water harvesting pond ..........................

(existing/new & size) (v) Other expenditure, if any (pl. (pl. specify) Feritgation(filter etc)

800000

3) Micro Irrigation, Irrigation, use of plastic plastic mulching mulching etc. (i) Cost of drip irrigation

900000

(ii) Cost of sprinkl sprinkler er (iii) Cost of plastic mulching (iv)

Other expenditure, if any (pl. specify)

4) Infr Infras astr truc uctu ture re (i) Pump House

60000

(ii) Store

500000

(iii)Labour quarter

300000

(iv) 800000

Generator room(+generator)

(v) Other expenditure, if any (pl. specify) specify) .......................... .......................... 5) Cost of Tractor & accessories

728000

[If area under cultivation (project) is above 05 acres] 6) Land developme development nt (including (including digging digging of pit & fencing) fencing) 7) Cost of Land, if purchased 8) Creation of controlled atmospher here

300000 300000

40000000 Area (sq. mtrs) Cost

a) Gr Green ho house/poly ho house (s (size)

.

b) Shade net (size) Total .......................... (b) Post Harvest Harvest Infrastructur Infrastructure e 1. Cost of grading/p grading/packing acking house .......... ............... .......... .......... ....... 2. Cost of grading/packing line ......................... 3. Co Cost st of prepre-co cool olin ing g unit unit (cap (capac acit ity) y) .... ...... .... .... .... .... .... .... .... .... .... .... 4. Co Cost st of refr refrig iger erat ated ed van van (cap (capac acit ity) y) .... ...... .... .... .... .... .... .... .... .... .... .. 5. Zero Energy Cool Chamber ……………………... 6. Other components components,, if any (pl. specify) specify) .......... ............... .......... .......... ..... Total …..................... …..................... (c) Primar Primary y Proces Processin sing g 1. Co Cost st of of civi civill const construc ructi tion ons s 2. Co Cost st of plan plantt & mach machin iner ery y .... ...... .... .... .... .... .... .... .... .... .... .... .. 3. Other components components,, if any (pl. specify) specify) .......... ............... .......... .......... ....... Total

............................

4. Name Name the the prod produc uctt of prim primar ary y proc proces essi sing ng D. PROPOS PROPOSED ED MEAN MEANS S OF FINANC FINANCE E (i) Promoter’s share

………… ……………… ……… … 12650000

(ii) Bank/FI term loan (iii)Proposed subsidy from other sources, if any a) Form State Govt. b) From Central Govt. other than NHB Total

28479000 9493000

50600000

. (Note: Unsecured loans from friends/relatives friends/relat ives will not be treated as equity)

Expected back-ended subsidy from NHB: Rs. ………………… (NHB subsidy will be considered as per Board’s guidelines, if found in order, but not guaranteed)

PART-II PROJECT DETAILS

A) About the Project:Entrepreneur is going to develop land under cultivation of Papaya in Yavatmal district.The development of land will be on scientific basis as per the standered method of cultivation

Agro-climatic requirements Papaya being a tropical fruit grows well in the mild sub-tropical sub-tropical regions of the country upto 1,000 m. above sea level. Night temperature below 12 0-140 C for several hours during winter season affects its growth and production severely. It is very much sensitive to frost, strong winds and water stagnation. Deep, well drained sandy loam soil is ideal for cultivation of papaya. Land Preparation A well-drained upland is selected for cultivation. In open and high lying areas plants are exposed to strong winds or storm. Therefore, for proper establishment of papaya plantation, suitable wind break should be planted at the orchard boundary. Planting Planting Material Papaya is commercially propagated by seed and tissue culture plants. The seed rate is 250-300 g./ha. The seedlings seedlings can be raised in nursery beds 3m. long, 1m. wide and 10 cm. high as well as in pots or polythe polythene ne bags. The seeds seeds after after being being treated treated with 0.1% 0.1% Monosan Monosan (phenyl (phenyl mercuric acetate), ceresan etc. are sown 1 cm. deep in rows 10 cm. apart and covered with fine compost or leaf mould. Light irrigation is provided during the morning hours. The nursery beds are covered with polythene sheets or dry paddy straw to protect the seedlings. About 15-20 cm. tall seedlings are chosen for planting in about two months. Planting season Papaya is planted during spring (February-March), monsoon (June-July) and autumn (OctoberNovember).

Spacing A spacing of 1.8 x 1.8 m. is normally followed. However higher density cultivation with spacing of 1.5 x 1.5 m./ha enhances the returns to the farmer and is recommended. High Density Planting : A closer spacing of 1.2 x 1.2 m. for cv. Pusha Nanha is adopted for  high density planting, accommodating 6,400 plants/ha. Planting Method The seedlings are planted in pits of 60x60x60 cm. size. In the summer months the pits are dug about a fortnight before planting. The pits are filled with top soil along with 20 kg. of farmyard manure., 1 kg. neem cake and 1 kg. bone meal. Tall and vigorous varieties are planted at greater spacing while medium and dwarf ones at closer spacing. Nutrition Papaya plant needs heavy doses of manures and fertilizers. Apart from the basal dose of  manu manures res (@ 10 kg./pla kg./plant) nt) applied applied in the the pits, pits, 200-2 200-250 50 g. each of N, P 2O5 and and K2O are recommended for getting high yield. Application of 200 g. N is optimum for fruit yield but papain yield increases with increase in N upto 300 g. Micronutrients Micro-nutrients viz. ZnSO 4 (0.5%) and H 2 BO3 (0.1%) are sprayed in order to increase growth and yield characters.

Irrigation The irrigation schedule is fixed on the basis of soil type and weather conditions of the region. Protective irrigation is provided in the first year of planting. During the second year, irrigation is provided at fortnightly interval in winter and at an interval of 10 days in summer. Basin system of  irrigation is mostly followed. In areas having low rainfall, sprinkler or drip system can be adopted. Intercultural Operations Deep hoeing is recommended during the first year to check weed growth. Weeding should be done on regular basis especially around the plants. Application of Fluchloralin or Alachlorin or  Butachl Butachlorin orine e (2.0 g./ha.) g./ha.) as pre-emerg pre-emergenc ence e herbicid herbicide e two months months after after transpla transplantin nting g can effectively control the weeds for a period of four months. Earthing up is done before or after the onset of monsoon to avoid water-logging and also to help the plants to stand erect.

Inter-cropping Intercropping leguminous crops after non-leguminous ones, shallow rooted crops after deep rooted ones are beneficial. No intercrops are taken after the onset of flowering stage. Removal of male plants About 10% of the male plants are kept in the orchards for good pollination where dioecious varieties are cultivated. As soon as the plants flower, the extra male plants are uprooted. Plant Protection Measures Insect Pests The The insec insectt pests pests mostly mostly obser observe ved d are fruit flies flies ( Bactrocera cucurbitae), cucurbitae), ak grasshop grasshopper  per  (Poekilocerus pictus), pictus), aphids ( Aphis   Aphis gossypii ), ), red spider mite (Tetranychus ( Tetranychus cinnabarinus), cinnabarinus ), stem borer (Dasyses (Dasyses rugosellus rugosellus) and grey weevil (Mylloceru ( Myllocerus s viridans). viridans). In all cases the infected parts need to be destroyed along with application of prophylactic sprays of Dimethoate (0.3%) or  methyl demeton (0.05%). Diseases The main diseases reported are powdery mildew ( Oidium caricae), caricae), anthracnose (Colletotrichum ( Colletotrichum dampin ing g off off and and stem stem rot. rot. Appl Applic icat atio ion n of wett wettab able le sulp sulphu hurr (1 g./l. ./l.)) gloeosporioides), gloeosporioides ), damp carbendazim/thiophanate methyl (1 g./l.) and Kavach/Mancozeb (2 g./l.) has been found to be effective in controlling the diseases. Harvestin Harve sting g and Yield Yiel d Fruits are harvested when they are of full size, light green in colour with tinge of yellow at apical end. On ripening, fruits of certain varieties turn yellow while some of them remain green. When the latex ceases to be milky and become watery, the fruits are suitable for harvesting. The economi economic c life of papaya papaya plant plant is only 3 to 4 years. The yield varies varies widely widely according according to variety, soil, climate and management of the orchard. The yield of 75-100 tonnes /ha. is obtained in a season from a papaya orchard depending on spacing and cultural practices.

Market Potential:Since the early 1980s, some agricultural scientists and research institutions have seen GM plants as the answer to food food short shortages ages and malnut malnutrit rition ion.. In their their view view of the coming "Evergree "Evergreen n Revolu Revoluti tion," on," high-y high-yiel ieldin ding, g, pest-r pest-resi esista stant nt plants plants will will boost boost the agricu agricultu ltural ral produc productio tion n of  developing countries. What Monsanto donated is a 10-year, "royalty-free, non-exclusive license to use the technology to develop, identify, characterize and commercialize" the virus-resistant

  papaya in India, according to Bhagirath Choudhary, national coordinator of the International Service for the Acquisition of Agri-biotech Applications (ISAAA). It is a U.S.-based nonprofit organizatio organization n that helps transfer transfer biotechnologies biotechnologies to developing developing countries so poor farmers can  produce more crops. ISAAA's work is funded by charitable institutions and government agencies, with technology and training donated by corporations. According to Choudhary, "This is an important contribution toward alleviation of poverty of small, resource-poor farmers, as papaya ringspot

virus

is

the

most

devastating

disease

of

papaya."

Clive James, a Canadian who chairs the ISAAA Board of Directors and has visited India twice in the past year to promote the development and use of biotechnology, goes even further when describing the benefits. "Our philosophy is that the aim should be to increase productivity on the cropland that we have today, that is 1.5 million hectares. If you can double the production on the land that is already in agriculture, then you will not have to chop down forests and encroach on sanctuaries of biodiversity."

Some 2.5 billion kilograms of papaya are produced annually in India, in Andhra Pradesh, Assam, Bihar, Gujarat, Karnataka, Maharashtra, Manipur, Meghalaya, Orissa, Tamil Nadu, Uttar Pradesh and West Bengal. It is eaten fresh and cooked and processed into pickles, jams, candies, fruit drinks and juices. Papain, an enzyme purified from papaya latex, is extracted for export. The enzyme is used in the medicine and textile industries, breweries, leather processing and meat tenderizing. In light of the significance of papaya to the Indian economy, the introduction of a GM variety is likely to have a huge impact. Choudhary estimates that the technology promises a  potential benefit of Rs. 112.5 million for India's papaya industry. Major Importing countries and their quantity ,value base data is given in table 2

3. Proposed Sales & Percentage of Profit :

As per the information the partners profit margin will be as follows. For  supper supper market(contrac market(contractt with e-choupal, e-choupal, reliance reliance fresh) sales of papayas papayas margin varies from Rs.9-12, for project purpose, we are calculating Rs.9/- per kg Therefore Total Gross Margin will be as follows : 1) For Supper market –  87500 kg x 40 ha x Rs 9 x 2 year =

Total Gross Margin for 2 year =Rs 63000000/-

63000000=00

PART-II FINANCIAL ASPECTS OF THE PROJECT Propose Investment in the Business:1. 2.

Land Cost of planting material

3. Cost of fertilizer & manure

40000000 22,50,000 2000000

4. Cost of insecticides & pesticides

500000

5. Bore-well/Tube ube-well (new/old) Cost st of pipe pipeli line ne (len (lengt gth, h, diam diamet eter er & 6. Co type of material used) Feritgation(filter etc) 7.

200000 1450 145000 000 0

8. Cost of drip irrigation 9. Pump House

800000 900000 60000

10. Store

500000

11. Labour quarter

300000

12. Generator room(+generator)

800000

13. Cost of Tractor & accessories

728000

14. Land development (including digging of pit & fencing) 16. Cost of Land, if purchased

300000 40000000

Total Fixed cost: cost: Working capital

50184000

Cost of labour

416000

Total project cost:

50600000

 Total cost of project : Rs 50600000(Rs Five corer six lakh) Source of Finance:Partners Capital

12650000

Bank term Loan

37972000 Total Project cost:

50600000

Repayment Schedule for term loan:loan: Borrowed Borrowed capital capital requirement requirement is RS-379720 RS-37972000/-A 00/-After fter calculatio calculation n of subsidy subsidy of25% on fixed assets Investment excluding land From NHB,the borrowed term will be be Rs 25322000 This term loan of 25322000 will repay in next 4 years. Generally subsidy is credited to loan account within 6 months from the date of commencement of the project.

4) Repayment Schedule for Term Loan. Yr Op. Bal.of Loan Installment

Closing

Term Loan

 balance

Int.@ 13%

1

37972000

18986000

18986000

4936360

2

18986000

18986000

o

2468180

5).Gross Incentive Component under this scheme:

1) 25% Subsidy on Fixed Capital Capital i.e. on 37972000/2) First a Years Total Interest on Term Loan = Total Su Subsidy Co Component :

9493000=00

7404540=00 16897540=00

6) Schedule of Fixed Assets & Depreciation:

Particulars Opening Balance of  Assets Less : 10% Depre. Written down value of 

Fixed Assets

1 56958000

2 51262200

5695800

5126220

51262200

46135980

7 ) Profitability analysis for First Year of the business : Gross Margin Per Year Total Gross Profit (A) : Less : Indirect Expenses (B) Interest on Bank Term Loan (Exempted) Electricity Charges Traveling Expenses Salaries and Rent Labour quarter

Total Indirect Expenses (D) Net Profit E (C - D)

31500000 31500000

0 30000 360000 1800000

2190000 29310000

Add : Depreciation Gross Cash flow

5695800

Less : Bank Installment

18986000

35005800

 ____________  Net Cash Flow

16019800

6 ) Debt Service Coverage Ratio (DSCR) For First Year :

 Net Profit + Depreciation + Interest = -------------------------------------------------------------------Bank Interest + Installments

16019800+5695800+4936360 = =

___________________________  4936360+ 18986000

1.114102:1

For  first year of the project interest is not payable by the firm, for profitability  purpose, interest is taken here for calculation purpose.

It shows, the capacity of 

 profit to hold fixed interest charges and loan repayment capacity. It shows fair ratio i.e. 1.14 : 1, so business is profitable and interest & debt payment capacity of the firm is also favorable. 7) Return on Investment Ratio (ROI) :

 Net Profit = ---------------------------------------------------- ------------------------------------------ x 100 Total Capital Employed (Project Cost) 16019800

= ---------------- x 100 50600000

= 31.65%

ROI is more than ideal ideal ratio. ratio. I depict depictss that that invest investmen mentt in this busines businesss can be recovered in tow years of period, after that year, business will be run on owned capital of the proprietor. Break Even Analysis:-

It is the point of Sales level at which all the the costs are recovered. Total sales Break even Point=------------------Point=----------------- -- X Fixed cost Contribution (Contribution (Contribution = Total sales- variable cost)

Contribution=63000000-416000 =62584000

CBEP =( 63000000/62584000)* 63000000/62584000)* 50184000

= 50517576

Gives an indication regarding at what level of sale the unit will not make cash losses - Useful Mainly in analysis of rehabilitating sick units.

I. Name Name of the Bank/FI Bank/FI from from where where the term loan loan is availed availed/to /to be availe availed d by the Beneficiary (Please enclose a copy of the duly filled up term loan Application). a) Name Name of Bank Bank:: State State Bank Bank of Indi India a b) Details of Bank Bank Branch: Branch: Savarkheda…… c) Bank Code:07102  J. Date Date & Amount Amount of sanc sanctio tion n of of term term loan loan,, if any any

:

____ ______ ____ ____ ____ ____ ____ ____ ____ ____ __

K. Deta Detail ils s of of rel relea ease se of term term loan loan,, if if any any::

____ ______ ____ ____ ____ ____ ___ _____ ______ ___ _

L. DETA DETAIL ILS S OF OF LAND LAND I) Whether own land (ancestral)

:

_________________________ 

ii) Whether own land purchased

:

__100 Acres

:

____ ______ ____ ____ ____ ____ ____ ____ ____ ____ ____ ___  _ 

iii)Whether leased If so, so, how how many many years years leas lease e

M. IMPLEMENTATION SCHEDULE SCHEDULE OF PROPOSED ACTIVITY  i) Proposed Proposed month for for undertaking undertaking land land developmen development: t: March-June March-June ii) Proposed Proposed month for plantation plantation:: June-July iii)Expected date/month of first commercial crop: Jan-feb iv)Proposed date for start of unit in case of processing: N. MARKET MARKETING ING OF PRODU PRODUCE CE Details of marketing tie-up (Backward/forward linkage) O. Cost of Application Application Form & Scheme Scheme Brochure will be as under: Projects costing above 50.00 lakh

: Rs. 10000/-

 The above prescribed cost of application form and brochure will be non- refundable.

P. Please Please remit remit the cost cost of applic applicati ation on and scheme scheme brochu brochure re by Demand Demand Draft Draft drawn in favour of National Horticulture Board payable at Gurgaon (Haryana) for projects costing Rs. 20.00 lakh & above and at concerned state office where project cost is below Rs. 20.00 lakh. Name of the issuing Bank Branch

Demand Draft No. & Date

Amount(Rs.)

SBI

Q.

03245(4/ 03245(4/03/10 03/10))

10000

Name & address of consultant who prepared the project report (DPR).

Certif Cert ifie ied d that that the the info inform rmat atio ion/c n/con onte tents nts as abov above e furn furnis ishe hed d by me/u me/us s in the the application are true to the best of my/our knowledge & belief and nothing material has been concealed. In case, any information furnished in the application is found false, my/our application may be rejected out rightly at any stage by the Board. (Signature of the Beneficiary) Name & Address : ......................... Place: Date :

Telephone/Fax No. .........................

Enclosures: i) Attach Attach copy copy of of record record of of right right over over projec projectt land. land. ii) Affidavit Affidavit in prescr prescribed ibed format format only. only. iii) Prescribed cost of application application form and scheme brochure. brochure. iv) Detailed Project Report (DPR) - wherever applicable iv) Duly filled up up and signed bank bank term loan application application form/bank consent consent letter v) Copy of last last Income Income Tax Return, Return, if any. any. vi) Key map of project land showing sh owing project details and land boundary details. vii) NOC issued by Cooperative Society/Partnership Firm, if applicant is covered by Para- 5(h) of Guidelines No.1/2008. viii) Proof of identity of applicant (refer Para of 3 Guidelines No. 1/2008.) ix) In case project include include item of 'Primary 'Primary Processing' for for manufacturing 'Fruit Products" covered by FPO 1955 then NOC issued by MFPI, Govt. of India be enclosed.

FORMAT-II AFFIDAVIT (on stamp paper of Rs. 20) I/we Sachin Manikrao Lakade (Name of the promoter/Director son of Mr Manikrao Suryabhan Suryabhan Lakade. Lakade.(fat (father’s her’s name) reside resident nt of At Khairgao Khairgaon n (Ka) Post. Post. Wardh Wardh Tq Ralegaon Dist.Yavatmal (residence address) do hereby solemnly affirm and declare as under: 1. That That I/we I/we am/a am/are re indi indivi vidu dual al grow grower er/p /pro romo mote ter/ r/di dire rect ctor or/p /par artn tner er/g /gro roup up of  growers/ass growers/associa ociation tion of grower growers/pro s/proprieto prietorr of M/s Sachin Sachin M.Lakade M.Lakade (name of  benefi beneficia ciary) ry) having having its Regist Registrat ration ion no. ………………… …………………….. ….. Regist Registered ered Office Office at ........................................ (office address of beneficiary). 2. I here hereb by make make appli pplic catio ation n and I am duly uly autho uthori riz zed in my own own rig right/b ht/by y management vide its resolution no.---- .dated 5/03/10 …………..to apply and sign all required documents including this affidavit on behalf of company/partnership firm/cooperative society named as ………………… ; and am fully aware of the facts relating to the setting up the project at Survey No.126/3, Village.K Village.Kharga hargaon(ka) on(ka)., ., Tehsil Tehsil Ralegaon., Ralegaon., District District Yavatmal Yavatmal State State . Maharashtra Maharashtra (location of the project) for .............................. (activities to be undertaken by project) and application is being made to NHB for seeking Letter of Intent (LOI) under the scheme “Development of Commercial Horticulture through Production and Post Harvest Management”. 3. That the term term and conditions conditions of the scheme scheme of NHB under under which an applicat application ion is made by the applicant have been properly read and understood by me and I affirm that the project/proposal/scheme comply with the terms and conditions of  NHB and the application is made in the correct applicable scheme. 4. That That the propose proposed d activi activitie ties s to be undert undertake aken n by the projec project/p t/prop roposa osall scheme scheme are covered under the above scheme of NHB and no part of the scheme/infrastructure of the project is designed or assigned to be used for any activi activity ty other other than than the hortic horticult ulture ure activi activitie ties s specif specified ied in the applic applicati ation on at present or in the near future. 5. That That the informa informatio tion n provid provided ed in the applic applicati ation on of Letter Letter of Intent Intent (LOI) (LOI) is true and correct to the best of my knowledge and belief. The estimate of the cost of  projec project/p t/prop roposa osal/S l/Sche cheme, me, financ financial ial viabil viability ity and operat operating ing result results s have have been been worked out/computed as per the rule ru le and generally accepted principle and norms in this regard.

6. No subsidy/gra subsidy/grant-in-a nt-in-aid id other than than shown in applicat application ion form has been been availed/is availed/is to be availed by the promoters/ directors/partners/proprietors for this new project and component thereof from Central Govt. or any of its agencies Except the NHB. 7. Myself or any other other promoter promoter of Cooperativ Cooperative e Society, Society, Partnership Partnership Firm, Firm, Self Help Group has not availed any subsidy from NHB which has not been disclosed in the application. 8. I/we also solemnly solemnly affirm affirm that the proposa proposall activity activity in the application application for LOI is a completely new activity and not a pre-existing activity or any component thereof.

In case of concealment of any facts in this regards, the Board would have right to reject my application out right at any stage.

DEPONDENT DEPONENT VERIFICATION

Veri Verifi fied ed on sole solemn mn affi affirm rmat atio ion n at .... ...... .... .... .... .. (pla (place ce)) on this this .... ...... .... .... .... .. (dat (date) e) of, .................... (month), 20 .................(year) that the content of the above affidavit are true to the best of my knowledge and belief and nothing material has been concealed.

DEPONDENT/COMPETENT AUTHORITY