Loans

Loans

1. Saral Agrim (Short Term Loan)

Sl.No.Celing FromCeling ToEMI FromEMI ToROI FromROI ToNo. of SuretyMembership Span
110,000/-30,000/-0512–9.9%01>3 Months
  1. No Renewal
  2. Gen.Loan[2-6] available after clear 60days
  3. Guarantee Fund deduction @5% on granted amount
  4. Proportionate Share deduction
  5. No Tour Advance simultaneously

2. Mid Term Loan

Sl.No.Celing FromCeling ToEMI FromEMI ToROI FromROI ToNo. of SuretyMembership Span
231,000/-45,000/-1336–10.25%02>6 Months
  1. Renewal after 12 months regular recovery
  2. Saral Agrim (1) available after clear 60 days
  3. Usual Guarantee Fund & Proportionate Share deduction
  4. Tour advance available simultaneously

3. Long Term Loan

Sl.No.Celing FromCeling ToEMI FromEMI ToROI FromROI ToNo. of SuretyMembership Span
346,000/-96,000/-1360–10.50%02>12 Months
  1. Renewal after 12 months regular recovery
  2. Saral Agrim (1) available after clear 60 days
  3. Usual Guarantee Fund & Proportionate Share deduction
  4. Tour advance available simultaneously

4. Special Long Term Loan (a)

Sl.No.Celing FromCeling ToEMI FromEMI ToROI FromROI ToNo. of SuretyMembership Span
497,000/-1,75,000/-139010.60%10.80%03>12 Months
  1. Renewal after 12 months regular recovery
  2. Saral Agrim (1) available after clear 60 days
  3. Usual Guarantee Fund & Proportionate Share deduction
  4. Tour advance available simultaneously if outstanding Loan balance stands <= Rs.1,50,000/-
  5. LIC/PLI Policy [status Regular for > 4yrs]to be assigned
  6. Required minimum Asset Value Rs.25,000/-

GUARANTEE FUND

10% of Loan Amount(Mid Term,Long Term & Special Long Term)shall be deducted when a member will be granted loan. This (10%) will be transferred and credited to the member's individual Guarantee Fund Account. But in the event of Saral Agrim, the rate of deduction towards this Fund is 5%. The rate of Interest for this Fund is 5.5% p.a. (cumulative).   

5. Special Long Term Loan (b)

Sl.No.Celing FromCeling ToEMI FromEMI ToROI FromROI ToNo. of SuretyMembership Span
51,76,000/-2,50,000/-1312010.90%11.50%04>18 Months
  1. Renewal after 12 months regular recovery
  2. Saral Agrim (1) available after clear 60 days
  3. Usual Guarantee Fund & Proportionate Share deduction
  4. Tour advance available simultaneously if outstanding Loan balance stands <= Rs.1,50,000/-
  5. LIC/PLI Policy [status Regular for > 4yrs]to be assigned
  6. Required minimum Asset Value Rs.40,000/-

6. Special Long Term Loan (C)

Sl.No.Celing FromCeling ToEMI FromEMI ToROI FromROI ToNo. of SuretyMembership Span
62,51,000/-3,60,000/-1312011.50%12%04>30 Months
  1. Renewal after 12 months regular recovery
  2. Saral Agrim (1) available after clear 60 days
  3. Usual Guarantee Fund & Proportionate Share deduction
  4. Tour advance available simultaneously if outstanding Loan balance stands <= Rs.1,50,000/-
  5. LIC/PLI Policy [status Regular for > 4yrs]to be assigned
  6. Required minimum Asset Value Rs.50,000/-

7. Tour Advance

Sl.No.Celing FromCeling ToEMI FromEMI ToROI FromROI ToNo. of SuretyMembership Span
715,000/-28,000/-0516–8%(PC)01>3 Months
  1. No Renewal
  2. Not simultaneously with Saral Agrim (1)
  3. Simultaneously with Gen.Loan [2-6] if outstanding Loan balance stands <= Rs.1,50,000/-
  4. Proportionate Share deduction

8. Utsav Advance

Sl.No.Celing FromCeling ToEMI FromEMI ToROI FromROI ToNo. of SuretyMembership Span
84,000/-20,000/-0310–7%(PC)X>1 Months
  1. Ceiling will be enhanced phase-wise as per decision of BOD