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

Comprehensive Rural Development Through Credit

ARF (NFS) - Integrated Loan Scheme (ILS)

  • Objective

    The object of the scheme is to provide credit for any industrial activity approved by Development commission of SSI,GOI with a project outlay of Rs 30 lakhs.

  • Eligible borrowers

    Eligible borrowers are individual artisans group of individuals craftmen, partnership firms etc.

  • Eligible activities:

    All manufacturing, processing, activities as approved by Dev:commissioner SSI, GOI; modernization/rennovation/expansion/diversification of existing units, any service activity aiding rural industries, any infrastructural support activity as approved by NABARD ie marketing outlet etc.

  • Nature of assistance

    Loans to meet Block capital,Block capital and capitalized working capital.

  • Item of investment

    It include project formulation and consultary charges,cost of purchased land/site development works,- shed, plant & machinery, tools and equipment, preliminary and pre operative expenses, working capital for one operating cycle capitalized, as tern loan &cost of technology upgradation.

  • Maximum loan

    The maximum loan eligible is Rs 20 lakhs with a project outlay of Rs 30 lakhs.

  • Margin

    Upto 15% or as amended by NABARD from time to time

  • Repayment period

    The loan should be repaid in 3-10 years including morotorium of upto 18 months.

  • Interest rate

    Interest rate will be fixed by KSCARDBank from time to time in accordance with the guide lines 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 particulars of loans disbursed in duplicate should be furnished in the prescribed formats by implementing PCARDBS.