sch.40-sec.7Nature of assistance

### sch.40-sec.7 Nature of assistance The nature of the assistance that may be given to an applicant under the scheme is a loan at a concessional rate of interest to be used to pay for the cost of an eligible project or eligible recovery activity, up to the maximum amount of a loan, or total outstanding loan balance, under the scheme. In this section— cost , of an eligible project— includes— charges for freight associated with the eligible project; and expenses for consumables, including fuel, associated with the eligible project; and charges for installation or construction associated with the eligible project; but for an eligible project mentioned in section 4 (1) (a) (ii) , does not include charges or expenses associated with— the replacement of any part of the existing permanent capital infrastructure with a thing that is the same, or substantially the same, as the replaced part; or replacing a water pump that is part of an irrigation system that has lost pressure with a water pump that has the same pump capacity the repair or maintenance of the existing permanent capital infrastructure or of any part of the existing permanent capital infrastructure. sch 40 s 7 ins 2022 SL No. 15 s 7 amd 2025 SL No. 169 s 17 (sch.40-sec.7-ssec.1) The nature of the assistance that may be given to an applicant under the scheme is a loan at a concessional rate of interest to be used to pay for the cost of an eligible project or eligible recovery activity, up to the maximum amount of a loan, or total outstanding loan balance, under the scheme. (sch.40-sec.7-ssec.2) In this section— cost , of an eligible project— includes— charges for freight associated with the eligible project; and expenses for consumables, including fuel, associated with the eligible project; and charges for installation or construction associated with the eligible project; but for an eligible project mentioned in section 4 (1) (a) (ii) , does not include charges or expenses associated with— the replacement of any part of the existing permanent capital infrastructure with a thing that is the same, or substantially the same, as the replaced part; or replacing a water pump that is part of an irrigation system that has lost pressure with a water pump that has the same pump capacity the repair or maintenance of the existing permanent capital infrastructure or of any part of the existing permanent capital infrastructure. - (a) includes— (i) charges for freight associated with the eligible project; and (ii) expenses for consumables, including fuel, associated with the eligible project; and (iii) charges for installation or construction associated with the eligible project; but - (i) charges for freight associated with the eligible project; and - (ii) expenses for consumables, including fuel, associated with the eligible project; and - (iii) charges for installation or construction associated with the eligible project; but - (b) for an eligible project mentioned in section 4 (1) (a) (ii) , does not include charges or expenses associated with— (i) the replacement of any part of the existing permanent capital infrastructure with a thing that is the same, or substantially the same, as the replaced part; or Example— replacing a water pump that is part of an irrigation system that has lost pressure with a water pump that has the same pump capacity (ii) the repair or maintenance of the existing permanent capital infrastructure or of any part of the existing permanent capital infrastructure. - (i) the replacement of any part of the existing permanent capital infrastructure with a thing that is the same, or substantially the same, as the replaced part; or Example— replacing a water pump that is part of an irrigation system that has lost pressure with a water pump that has the same pump capacity - (ii) the repair or maintenance of the existing permanent capital infrastructure or of any part of the existing permanent capital infrastructure. - (i) charges for freight associated with the eligible project; and - (ii) expenses for consumables, including fuel, associated with the eligible project; and - (iii) charges for installation or construction associated with the eligible project; but - (i) the replacement of any part of the existing permanent capital infrastructure with a thing that is the same, or substantially the same, as the replaced part; or Example— replacing a water pump that is part of an irrigation system that has lost pressure with a water pump that has the same pump capacity - (ii) the repair or maintenance of the existing permanent capital infrastructure or of any part of the existing permanent capital infrastructure.