J.K.MAHESHWARI
VIJAY – Appellant
Versus
STATE BANK OF INDIA – Respondent
J.K. Maheshwari, J.
This petition under Article 226 of the Constitution of India has been filed for quashing the order Annexure P/1 dated 22-7-2014 and to seek direction for sanctioning the subsidy @ 25% of the capital cost of the project under the "Gramin Bhandaran Yojna"; it is prayed the respondents No. 1 and 2 may be restrained from recovery of the amount of term loan to the extent of amount of subsidy admissible to the petitioner and also restrain them from charging interest to the extent of eligibility of subsidy. The direction has also been sought to adjust the amount of the interest already recovered by the Bank without adjustment of subsidy/advance subsidy against term loan amount.
2. The facts in brief are that the "Gramin Bhandaran Yojna" (hereinafter referred to as the 'Yojna') has been floated by the Central Government whereby the residents of India may get loan for construction of the godown (warehouse) in the rural area, on subsidy as specified therein, and it would be sanctioned as per the scheme of NABARD. Petitioner submitted a project for construction of a godown on the land situated in Tehsil Bagali, District Dewas to the Branch Manager, State Bank of Indor
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