ARF(NFS) - SEMFEX - II
Objective:
- Re-settlement opportunities to ex-servicemen, their widows & disabled service
personnels.
Activities:
- All FS activities, covered under ARF(FS) refinance scheme of NABARD
- All NFS activities covered under the CLS,SRTO’s, &ILS refinance schemes of
NABARD.
Unit cost and Maxi. loan:
- Unit cost as prescribed by NABARD under schemes/FS will be applicable.
- The maximum loan eligible will be as per the respective automatic
refiancing scheme of NABARD under FS and NFS Scheme..
Margin:
| Scheme |
Down Payment (%) |
Remarks |
| FS (ARF-FS) Scheme |
SF - 5%
MF - 10%
OF - 15% |
|
| NFS (CLS) Scheme |
Nil |
|
| NFS (SRTO) Scheme |
15% |
|
| NFS (ILS) Scheme |
10% |
Above Rs.2 lakhs |
Mode of Repayment:
| Scheme |
Maxi.Period (years) |
Grace period for Principal & interest |
Periodicity/mode of repayment |
| ARF-(FS) |
3 - 15 |
As in schemes |
EAI |
| NFS (CLS) |
3 - 10 |
-do- |
EAI |
| NFS (SRTO) |
3 - 5 |
-do- |
EAI |
| NFS (ILS) |
3 - 10 |
-do- |
EAI |
Interest rate:
- Interest rate will be as fixed by KSCARDB from time to time, in accordance with the guidelines issued by
RCS/NABARD/RBI.
Security:
- As fixed by the apex bank in the respective loan rules, in accordance with the guidelines issued by
RBI/NABARD/RCS.
Spl. terms & Conditions:
- The eligible persons have to apply to the concerned Zilla Sainik Board(ZSB) of the state for registration. The ZSB in turn should forward a copy of the application to PCARDB for sanction of loan.
- The bank should sanction the loan with in a month.
- The ZSB should provide required assistance to ex-servicemen applicants.
Reporting System:
- The details of loan disbursed under the scheme to be accounted and reported separately.
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