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

Comprehensive Rural Development Through Credit

ARF-FLEXI CREDIT

  • Objective

    The object of the scheme is to provide integrated credit which include term as well as capitalized working capital loans for the small land holdings

  • Project area

    The scheme is being implemented on pilot basis at three districts Kollam,Kozhikkode,Kannur since 1999-2000 & in Trivandrum (Perumkadavila Block)

  • Eligible activities

    : The scheme envisaizes the total credit needs of the farm covering all agricultural &allied activities of long term and short term nature.

  • Amount of loan

    The bank should access the actual credit needs of each borrower and prepare their own farm models based on potential activities of the area for the purpose.

    Different size of farm models are given below which include B.C & WC (10-20%)

    Size of Form Unit Cost LT/ MT loan ST Loan Agri MT Loan Agri allied Maxi. R.P.
    Upto 25 Units 10000 85% 10% 5% 4 - 5 yrs
    25 - 50 Units 17000 83% 10% 7% 7 - 9 yrs
    50 - 100 Units 30000 74% 17% 9% 9 - 10 yrs
    Over 100 Units 40000 75% 21% 4% 9 - 10 yrs
  • Down payment

    The down payment/beneficiaries contribution under the scheme will be 5% and which will be inclusive of the obligatory share capital contributers at the bank.

  • Mode of repayment

    The repayment period under the scheme will be 10yrs .But in individual cases repayment period shall be fixed depending on the projected cash flow

  • Security

    The security norms of loans will be as fixed by KSCARDB under schematic loans as per the guidelines issued by RBI/NABARD/RCS from time to time

  • The security norms of loans will be as fixed by KSCARDB under schematic loans as per the guidelines issued by RBI/NABARD/RCS from time to time

    The interest rate will be fixed by the apex bank from time to time in accordance with the guidelines issued by RCS/NABARD/RBI.

  • Reporting system

    The PCARDB’s should maintain separate loan accounts for loan sanctioned /disbursed under the scheme.The monthly progress statements should be furnished in the prescribed formats.