THE KERALA STATE CO-OPERATIVE AGRICULTURAL AND RURAL DEVELOPMENT BANK LTD(KSCARDB)

Comprehensive Rural Development Through Credit

Activities (Operations & Activities)

The Activities and operations of the Kerala State Co -operative Agricultural and Rural Development Bank includes the following:

General

Sl.No Name of scheme IMBP Purposes Repayment Period Grace period Borrowers' Margin Loan eligibility/Valuation norms
1 Normal lending 3.0 lakhs All agrl.purposes Upto 10 yrs Nil 5-15% 50% of land value or 8 times post dev. Net income.

Schemes Under Automatic Refinance Facility

Sl.No Name of scheme IMBP Purposes Repayment Period Grace period Borrowers' Margin Loan eligibility/Valuation norms
1 ARF scheme 50.0 lakhs All agrl.purposes Upto 15 yrs. Up to 7 yrs depending on purpose 5-15% 50% of land value or 60% of presumptive value . i.e. 8 times post dev. Net income.
2 Agrl. Land purchase scheme 50.0 lakhs Purchase of agricultural land Up to 12 yrs Up to 24 months. 20% 80% of land value where addl. security is offered or 60% land value where no addl. Security is offered
3 Homestead farming Rs. 50000.0 All agrl. purposes. Area up to 2.5 acres only. 10 yrs Nil Nil 60% land value
4 Joint Liability Group loan Rs. 50000.0 per person All purposes except housing. 3 yrs to 5 yrs Nil Nil Nil

Short term-Seasonal Agricultural Operations

Sl.No Name of scheme IMBP Purposes Repayment Period Grace period Borrowers' Margin Loan eligibility/Valuation norms
1 KCC 3.0 lakhs Agrl. purposes 1 yr. Nil 5% above Rs. 50000/- 75% of land value. Total of all loans should not exceed 75% of land value.

Non-farm sector schemes

Sl.No Name of scheme IMBP Purposes Repayment Period Grace period Borrowers' Margin Loan eligibility/Valuation norms
1 Enterprise loan scheme 50.0 lakhs. All manufacturing, processing, marketing and service activities that are income or employment generating. 2yrs to 10 yrs. Upto 18 months 15-25% 100% of land value + hypothecation of assets created out of the loan.
2 SWRTO scheme 30.0 lakhs Public transport vehicles except two wheelers, including refrigerated vans, bulk carriers for edible oil, petroleum etc Second hand vehicles also considered. 2- 5 yrs. 4 yrs max for second hand vehicles. Up to 6 months 15% for new vehicles and 25% for second hand vehicles. 100% of land value + hypothecation of vehicle for new vehicles and 50% of land value + hypothecation of vehicle for second hand vehicle.
3 SCC 50000.0 As in ELS scheme 5 yrs for block and 1 yr for working capital Nil Nil 100% land value
4 Education loans 5.0 lakhs inside India. 10.0 lakhs abroad. All approved courses. Up to 10 yrs. Up to 1 yr after completion of study. 15% Two thirds land value. (66.66%)
5 Housing 15.0 lakhs for new house/purchase and Rs. 5.0 lakhs for renovation Construction of new house, purchase of house, renovation/extension of house Up to 15 yrs for construction/ purchase of new house and 7 yrs for renovation/ extension of house Construction of new house-Up to 18 months, Purchase/renovation-Nil 25% 100% value of additional security or where the primary security is valued, 50% of value of primary security+Rs. 500000.0 max of estimated cost of building.

NCDC schemes

Sl.No Name of scheme IMBP Purposes Repayment Period Grace period Borrowers' Margin Loan eligibility/Valuation norms
1 Gold loan 10.0 lakhs Crop loan, farm and non-farm purposes as in ELS 3 months, 6 months, 12 months Nil Nil 75 to 90% of (Market value – Rs.100/gram)
2 Traders loan Rs. 2.0 lakhs Established trading activities. 2 yrs Nil Nil 75% land value
3 Loan for consumer durables 1.0 lakh Purchase of any consumer durable 3 yrs Nil 10% 70% of land value
4 Jewel purchase loan for marriage assistance Rs. 500000.0 Expenses for marriage purpose 60 months Nil 25% 50% value of land offered as security.
5 Cash Credit facility Rs. 500000.0 To meet financial requirements 1 year Nil Nil
  • 60% of value of land
  • Two salary sureties with take home pay of not less than Rs. 5000/-
  • Rs. 50000.0 only if own salary surety with Rs. 10000/- basic pay and take home pay of Rs. 8000/-
  • 75 % of maturity value of NSC, GOI bonds and 75% surrender value of LIC policies.
6 Rubber Slaughter Tapping scheme Rs. 360000/ 240000 per Acre Max. area 2 Acre To undertake rubber slaughter tapping for experienced persons 36 months 35 months 25% 50% of market value of land offered as security

Deposit linked schemes

Sl.No Name of scheme IMBP Purposes Repayment Period Grace period Borrowers' Margin Loan eligibility/Valuation norms
1 Personal Loan Rs.100000.0 To meet personal needs 1 year 2 months Nil For existing loanees only. Loan eligibility is 100% of value after deducting valuation of all existing loans.
2 Pilgrimage/Tourism loan Rs. 100000.0 To meet expenses for pilgrimage/tourism 1 year 2 months Nil For existing loanees only. Loan eligibility is 75% of value after deducting valuation of all existing loans.
Sl.No Details of fees collected Amount of Fees approved [Rs.]
1 Administrative charges @Rs2per 1000
[Max. Rs. 100/-]
2 Legal Fee @Rs.4 per 1000
[Max. Rs. 100 and Min.Rs.25/-]
3 Entrance Fee Rs.5/-
4 Cost of Application Form Rs.5/- (varying)
5 Encumbrance Certificate Fee
(For 13 completed years)
Rs.88/-
[i.e., @Rs. 10/-for 1st year and Rs. 6/- each per subsequent years]
6 Additional Processing Fee
[for ILS Loans, under NFS]
@0.5% of the loan amount sanctioned
7 Obligatory Share capital contribution at the PCARDB 5% of the loan, with a Min. of one share of Rs.50/-& Maxi. Of Rs.10000/-, for all purposes other than Non Farm Sector, ILS and SRWTO Loans.The maximum share under NFS (ILS) and NFS(SRWTO)s will be Rs.20000/-
8 Interest on loan [As in interest table]

The applicant has to file along with the application form, the title deed, of the security properties, latest tax receipts and necessary documents. A sworn affidavit stating that the security property is in applicants actual possession and enjoyment and an affidavit in the prescribed form to the effect that the applicant has no land in excess of the ceiling provided in the Kerala Land Reform Act, are also to be obtained from the applicant at the time of registering the application. Immediately on the receipt of loan application ,PCARDB should on the same day apply to the concerned Sub Register Office for Encumbrance Certificate. E.C for a period of 13 yrs will be taken for scrutinizing the applicants title over the security property. Thereafter the file will be entrusted to the concerned Field Officer (Supervisor/AO/VO) for preparation of sketch, plan, possession certificate, TER& valuation Reports. As far as possible the concerned officers should jointly undertake the field inspection and submit the report within 3 to 5 days from the date of receipt of Loan Application. Immediately on receipt of the above report and also the EC from Sub. Registrar Office, the file should be sent to the Legal Advisor for legal opinion. Legal advisor should give his opinion within 2 days. After getting legal reports the file is entrusted to the President for sanction.

A sworn affidavit in the prescribed form stating that the applicant has not created any charge over the security property after submission of Loan Application shall be obtained before filing Gehan. The Gehan system has considerably reduced the delay and expenses in documentation of loan sanctioning deeds. This is being sent to the concerned SRO by secretaries of PCARDB through their office agent. On receipt of the filing of gehan from the Sub Register Office, the same is forwarded to the RO of KSCARD Bank for obtaining funds for disbursement. Payment of loans will be made only by Cheque and no cash payment will be made. The maximum no. of days within which the processing of loan application till the disbursement of the first installment should be completed, at each stage is indicated as below.

Sl.No Particulars In case of loan sanctioned by PCARDB In case of loans sanctioned by KSCARDB
1 Application to Sub. Registrar Office for EC I day I day
2 Preparationof sketch, plan, possession Certificate, TER, V.R 5 days 5 days
3 Legal Opinion 2 days 2 days
4 Sanction of loan by President 1 day 1 day
5 Preparation of Gehan 1 day 1 day
6 Sanction of loan by ROKSCARDB --- 3 days
7 Registration of Gehan 2 days 2 days
8 Disbursement of first installment 1 day 1 day
9 Extra days that maybe required for fulfilling any of the above requirement 2 days 4 days
TOTAL 15 days 20 days
Loan Disbursement Flow
Rate of Interest
Slab Size of Loans Rate on Borrower
ORDINARY (w.e.f 01-03-2011) %
Upto Rs.50,000/- 11.40
Above Rs.50,001/- 12.90
FS (w.e.f 01-03-2011) %
Upto Rs.50,000/- 11.40
Above Rs.50,001/- 12.90
NABARD RHS (w.e.f 01-03-2011) %
Upto Rs.50,000/- 11.40
Above Rs.50,001/- 12.90
Repairs (w.e.f 01-03-2011) %
Upto Rs.50,000/- 11.40
Above Rs.50,001/- 12.90
NFS (w.e.f 01-03-2011) %
Upto Rs.50,000/- 11.40
Above Rs.50,001/- 12.90
Gold Loan (w.e.f 01-04-2011) %
Upto Rs. 2,00,000/- 12.00
Gold Purchase Loan (w.e.f 01-04-2011) %
Upto Rs. 3,00,000/- 13.50
Consumer loan (w.e.f 01-04-2011) %
Upto Rs. 1,00,000/- 13.50
Second Hand Vehicle loan (w.e.f 01-04-2011) %
Upto Rs. 5,00,000/- 13.50
Cash credit Scheme (w.e.f 01-04-2011) %
Upto Rs. 1,00,000/- 13.50