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

Comprehensive Rural Development Through Credit

ARF (NFS) - Small Road &Water Transport Operator's Scheme (SRWTO)

  • Objective

    The object of the scheme is to provide credit for purchase of road transport vehicles and water transport units such as boat launches for transport of rural farm and non-farm products and passengers to/from urban marking centers.

  • Eligible Borrowers

    Individuals, group of individuals including partnership proprietary firms and co-operative enterprises.

  • No.of units per Borrower

    10 vehicles subjected to RBI ceiling

  • Items of investment

    Cost of chasis, body building expenses and taxes and insurance payable on purchase of vehicle.

  • Project outlay&loan unit

    Maximum loan of Rs 20 lakhs per borrower with a project outlay of Rs 30 lakhs

  • Margin

    A margin of 15% of the cost of the vehicle will have to be provided by the borrower.

  • Repayment of loan

    3-5 yrs including a moratorium of upto 6 months.

  • Security

    As fixed by the apex bank in the respective loan rules,in accordance with the guidelines issued by RBI/NABARD/RCS.

  • Rate of interest

    Interest rate will be fixed by KSCARDB from time to time, in accordance with the guidelines issued by RCS/NABARD/RBI.

  • Reporting system

    The monthly SRWTO disbursement progress statement should be furnished in the prescribed formats by PCARDB.