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

Comprehensive Rural Development Through Credit

ARF(NFS) - SEMFEX - II

  • Objective

    Re-settlement opportunities to ex-servicemen, their widows & disabled service personnels.

  • Activities

    • 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..

  • Margin

    Scheme Down Payment(%) Remarks
    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

    Interest rate will be as 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.

  • 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.

  • Reporting System

    The details of loan disbursed under the scheme to be accounted and reported separately.