ARF(NFS) - SEMFEX - II
Re-settlement opportunities to ex-servicemen, their widows & disabled service personnels.
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..
|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 will be as fixed by KSCARDB from time to time, in accordance with the guidelines issued by RCS/NABARD/RBI.
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.
The details of loan disbursed under the scheme to be accounted and reported separately.