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

Comprehensive Rural Development Through Credit

SALIENT FEATURES OF LOAN PRODUCTS OF ARDBs

General

Sl.No Name of scheme IMBP Purposes Repayment Period Grace period Borrowers' Margin Loan eligibility/Valuation norms
1 Normal lending 3.0 lakhs All agrl.purposes Upto 10 yrs Nil 5-15% 50% of land value or 8 times post dev. Net income.

Schemes Under Automatic Refinance Facility

Sl.No Name of scheme IMBP Purposes Repayment Period Grace period Borrowers' Margin Loan eligibility/Valuation norms
1 ARF scheme 50.0 lakhs All agrl.purposes Upto 15 yrs. Up to 7 yrs depending on purpose 5-15% 50% of land value or 60% of presumptive value . i.e. 8 times post dev. Net income.
2 Agrl. Land purchase scheme 50.0 lakhs Purchase of agricultural land Up to 12 yrs Up to 24 months. 20% 80% of land value where addl. security is offered or 60% land value where no addl. Security is offered
3 Homestead farming Rs. 50000.0 All agrl. purposes. Area up to 2.5 acres only. 10 yrs Nil Nil 60% land value
4 Joint Liability Group loan Rs. 50000.0 per person All purposes except housing. 3 yrs to 5 yrs Nil Nil Nil

Short term-Seasonal Agricultural Operations

Sl.No Name of scheme IMBP Purposes Repayment Period Grace period Borrowers' Margin Loan eligibility/Valuation norms
1 KCC 3.0 lakhs Agrl. purposes 1 yr. Nil 5% above Rs. 50000/- 75% of land value. Total of all loans should not exceed 75% of land value.

Non-farm sector schemes

Sl.No Name of scheme IMBP Purposes Repayment Period Grace period Borrowers' Margin Loan eligibility/Valuation norms
1 Enterprise loan scheme 50.0 lakhs. All manufacturing, processing, marketing and service activities that are income or employment generating. 2yrs to 10 yrs. Upto 18 months 15-25% 100% of land value + hypothecation of assets created out of the loan.
2 SWRTO scheme 30.0 lakhs Public transport vehicles except two wheelers, including refrigerated vans, bulk carriers for edible oil, petroleum etc Second hand vehicles also considered. 2- 5 yrs. 4 yrs max for second hand vehicles. Up to 6 months 15% for new vehicles and 25% for second hand vehicles. 100% of land value + hypothecation of vehicle for new vehicles and 50% of land value + hypothecation of vehicle for second hand vehicle.
3 SCC 50000.0 As in ELS scheme 5 yrs for block and 1 yr for working capital Nil Nil 100% land value
4 Education loans 5.0 lakhs inside India. 10.0 lakhs abroad. All approved courses. Up to 10 yrs. Up to 1 yr after completion of study. 15% Two thirds land value. (66.66%)
5 Housing 15.0 lakhs for new house/purchase and Rs. 5.0 lakhs for renovation Construction of new house, purchase of house, renovation/extension of house Up to 15 yrs for construction/ purchase of new house and 7 yrs for renovation/ extension of house Construction of new house-Up to 18 months, Purchase/renovation-Nil 25% 100% value of additional security or where the primary security is valued, 50% of value of primary security+Rs. 500000.0 max of estimated cost of building.

NCDC schemes

Sl.No Name of scheme IMBP Purposes Repayment Period Grace period Borrowers' Margin Loan eligibility/Valuation norms
1 Gold loan 10.0 lakhs Crop loan, farm and non-farm purposes as in ELS 3 months, 6 months, 12 months Nil Nil 75 to 90% of (Market value – Rs.100/gram)
2 Traders loan Rs. 2.0 lakhs Established trading activities. 2 yrs Nil Nil 75% land value
3 Loan for consumer durables 1.0 lakh Purchase of any consumer durable 3 yrs Nil 10% 70% of land value
4 Jewel purchase loan for marriage assistance Rs. 500000.0 Expenses for marriage purpose 60 months Nil 25% 50% value of land offered as security.
5 Cash Credit facility Rs. 500000.0 To meet financial requirements 1 year Nil Nil
  • 60% of value of land
  • Two salary sureties with take home pay of not less than Rs. 5000/-
  • Rs. 50000.0 only if own salary surety with Rs. 10000/- basic pay and take home pay of Rs. 8000/-
  • 75 % of maturity value of NSC, GOI bonds and 75% surrender value of LIC policies.
6 Rubber Slaughter Tapping scheme Rs. 360000/ 240000 per Acre Max. area 2 Acre To undertake rubber slaughter tapping for experienced persons 36 months 35 months 25% 50% of market value of land offered as security

Deposit linked schemes

Sl.No Name of scheme IMBP Purposes Repayment Period Grace period Borrowers' Margin Loan eligibility/Valuation norms
1 Personal Loan Rs.100000.0 To meet personal needs 1 year 2 months Nil For existing loanees only. Loan eligibility is 100% of value after deducting valuation of all existing loans.
2 Pilgrimage/Tourism loan Rs. 100000.0 To meet expenses for pilgrimage/tourism 1 year 2 months Nil For existing loanees only. Loan eligibility is 75% of value after deducting valuation of all existing loans.