A professional framework for appraisal, monitoring and supervision of the SPTF has been set up with participation of experts in the field from Banks having experience of lending to tea industry.

The administration of the SPTF has been institutionalized by setting up Committees within the Tea Board to oversee the various functions viz.

  (a) Screening of Loan Applications.

  (b) Monitoring of individual loan accounts of borrowers and

  (c) Treasury Management.

These 3 functional Committees will operate under the overall supervision of and as per the guidelines set by the SPTF Committee which will be an Ad-hoc Committee of the Tea Board.

The CEO, SPTF or any other officer nominated by Chairman Tea Board will administer the scheme on behalf of the SPTF. An Apex Monitoring Committee in the Ministry of Commerce will oversee the functioning of the SPTF and review the implementation of the programme at periodic intervals.

The terms of reference for the various committees are given in Annexure-8.