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

Comprehensive Rural Development Through Credit

ARF (NFS) - Composite Loan Scheme (CLS)

  • Objective

    The object of the scheme is to provide credit for any industrial activity approved by Development commissioner SSI, GOI in the small scale sector; for providing marketing support to rural produce for purchase of mobile sales van, mobile sales carts and static sales kiosks etc.

  • Eligible Borrowers

    Eligible borrowers will be Rural artisans, handicraftmen, small entreprenours, group of individuals, partnership firms etc.

  • Eligible activities

    All manufacturing processing activities as approved by Dev: commissioner SSI GOI, modernization/ renovation/ expansion/ diversification of existing units / any service activities aiding rural industries and household services/ any infrastructure support activity as approved by NABARD (ie.mobile/static cars and kiosks, workshed, marketing outlets).

  • Nature of assistance

    Loans to meet block capital, Block capital with capitalized working capital.

  • Item of investment

    It include work shed, plant & machinery ,Tools & equipments, working capital for one operating cycle capitalized as term loan and additional working capital for next 4yrs,capitalized as term loan.

  • Maximum loan

    The maximum loan eligible is Rs 10 lakhs under CLS(NFS).

  • Margin

    15% to 25%

  • Repayment period

    The loan should be repaid in 3-10 yrs including moratorium upto 18 months

  • Interest rate:

    Interest rate will be 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.

  • Reporting system

    The monthly CLS loan disbursement progress statements should be furnished in the prescribed format.