VIKAS GRIHA-HOUSING LOAN TO GENERAL PUBLIC

Sl Particulars Details
.
1 Eligibility Salaried persons who have completed 3 years of minimum confirmed
service. Self Employed / Business having gainful employment in profession
or Business for a minimum period of 5 years. Agriculturists having valid
income proof in the form of IT return.

Applicants whose income is taken into account for arriving at the loan limit
should have completed 3 years of service in one organization / institution
or gainfully employed for the past 5 years.

2 Quantum Maximum of 72 times of monthly gross salary in case of salaried subject to

of Loan cutback norms. In case of non-salaried6 times the average annual income
of three years. Subject to cut back norms and margin stipulation.

Income of the spouse, father, mother, son, daughter, supported by IT

returns, may be clubbed fordetermining the eligible amount of housing loan
if sanctioning authorities satisfied that their income is available for
repayment along with theincome of the borrower during the tenure of the
loan, provided he/she has not availed any loan for the same purpose from
any other Bank orany other source of finance and he/she joins loan
transaction as co-borrower.

Applicants whose income is taken into account for arriving at the loan limit
should have completed 3 years of service in one organization / institution
or gainfully employed for the past 5 years.
3 Margin For construction of house on the land-already owned, Outright 20
purchase of ready built house/flat of less than five years old & For %
purchase of flat to be constructed by the society/builders.
For purchase of house of more than 5 years old provided not more 30
than 25 years old & for making extension / additions vertical / %
horizontal to the existing house / repairs of the house (on estimated
cost)
For purchase of a old house which is more than 25 years old (under 35
Non Priority Sector ONLY) subject to ascertaining the minimum %
residual life of the building.
4 Component The project cost may include:
of loan Cost of land,construction, insurance cost / purchase cost of flat. Solar
lighting and heating system&Interior decoration.Cost of solar systems and
interior decoration should not exceed 10% of the cost of house.
5 Non- a) Loans for purchase of a house which is aged more than 25 years old.
priority b) Loans for third house to be constructed / purchased anywhere.
sector HL c) Loans of above Rs.20.00 lakh or where cost of the dwelling unit exceed
Rs. 25 lakh
6 Income Obtaining of ITR is waived for housing loan limit up to Rs.10.00 lakh
proof in case of salaried and non-salaried.
For loans above Rs.10 lakh latest Salary slip (Salaried Persons) IT return
for the past 3 years in respect of salaried & non-salaried including
agriculturists who are willing construct a residential house on NA housing
site.
7 Cut back 60% for salaried class and 50% for others.
8 Repayment Not exceeding 30 years or 75 years of age whichever is
period earlier(Including repayment holiday if any)
In case of salaried person maximum 30 years or up to the age of retirement
whichever is less.In case of loans where repayment period beyond the age of
superannuation i.e. 58 / 60 years only (as applicable). However repayment
up to 75 years of age may also be permitted, subject to assessment of

1
Sl Particulars Details
.
repaying capacity. In that case major earning member of family should join
as co-borrower.
In case of non-salaried other than agriculturist repayment periodmaximum
of 30 years or up to 75 years of age is permitted subject to assessment of
income.
9 Moratorium In case of construction of house / flat or flat under construction –
period maximum of 18 months. In case of purchase of plot and construction of
house on it – maximum of 24 months. In case of purchase of ready house/
flat / old house: - NO moratorium period. Wherever repayment holiday is
granted, interest accrued during the repayment holiday period shall be
collected in monthly installments.
10 Security Up to Rs.25000/- sanction against charge creation. Above Rs.25000/- SRM
or REM.Obtaining of Legal opinion, search report is compulsory
irrespective of loan amount. Retainer’s opinion/ valuation report is to
be obtained wherever it is necessary.
11 Surety 1 or 2 Third Party Guarantee / Surety acceptable to Bank.

2
 VIKAS KISAN GRIHA-FARM HOUSE LOAN TO AGRICULTURISTS
Sl Particulars Details
.
1 EligibilityThe applicants should be farmers by profession. The applicant should be a
major and of not more than 60 years of age as on the date of application.
However, branches can entertain proposals of persons who are above 60
years of age by obtaining prior permission from RO/HO as the case may be.
2 Purpose Construction of new Farm House either on the farm OR in the village where
the farmer normally resides. Loan can also be extended for repair to the
existing Farm House.
3 Quantum Maximum loan amount will be uptoRs. 40.0 lakh for construction of new
of Loan farm house and Rs.5.00 lakh for repairs to Farm House or 75% of the
estimated cost of construction / repairs whichever less is.
4 Margin 25%
5 Additional The Farm House should consist of at least two of the following
Component (existing or new) whether attached to main housing unit or as separate
s of Farm unit
House a) Store house for farm inputs/produce,
b) Cattle shed to house farm animals
c) Tractor/Power Tiller/Cart/Equipment’s/Implements shed
d) Threshing/drying yard with or without processing facility
e) Work shed for weaving etc., non-farm activity
f) Sericulture shed/Silk Worm rearing house
6 Minimum Sl Loan Amount Min. Land holding – Min.
Land . Irrigated Land
Holding Areca Grape, Other holding
nut coconut hortic –Rainfed
and ulture
sugarcane crops
i Up to Rs.10.00 lakh 1 3 5 12
ii Above Rs.10.00 lakh
2 5 8 20
&upto Rs.15.00 lakh
iii Above Rs.15.00 lakh
4 8 10 30
&upto Rs.30.00 lakh
iv Above Rs.15.00 lakh
5 10 12 35
&upto Rs.40.00 lakh
7 Income Income certificate from the Revenue Authority of the taluk has to be
proof obtained.
8 The annual repayment commitment towards all the term liabilities
Cut back
including the proposed one should not exceed 50% of the annual income.
9 Repayment a) For Construction: Repaid in Half-Yearly/ Annual installments along
period with interest within a maximum period of 20 years including repayment
holiday or upto the age of 70 years whichever is earlier.
b) For Repairs:Repaid within a period of 5 years in half- yearly /annual
installments along with interest
10 Moratorium Maximum period of 18 months depending upon the time required for
period construction of Farm House. No repayment holiday is allowed in respect of
loan for repair of Farm House.
11 Security a) Up to Rs.50000/-: Charge Creation & For loans above Rs.50000/-
Registered Mortgage of Farm House & Agricultural land owned by the
farmer, by obtaining legal opinion of the property.
b) If there are no clear title to the Housing site where the Farm House is
proposed to be constructed in the village, only agricultural land/s
(having clear title) by way of registered mortgage, by obtaining legal
opinion of the property, whose value should be adequate to cover the
loan amount.
12 Surety Third Party Guarantee / Surety acceptable to Bank.
13 Other a) If a Salaried /Non-Salaried person having valid income proof in the form
Condition of IT return / Form-16 approaches bank for a loan to construct a
3
Sl Particulars Details
.
residential house in the village, such proposal shall be considered under
VikasGriha Scheme following relevant guidelines of VikasGriha
Scheme for General Public.
b) For arriving at the per party cumulative limit under agriculture, the loan
sanctioned / being sanctioned under VikasKisanGriha (Farm House)
Scheme shall be considered as exposure under Agriculture sector.
c) The housing unit should be insured against risk of fire with Bank
clause.

4
 VIKAS ADHAR (MORTGAGE LOAN)
Sl. Particulars Details
1 Purpose Any genuine business/personal credit requirements.(Term loan or
Overdraft)
2 Ineligible a) Takeover of proposals from other Banks / Financial Institutions.
purposes b) Construction of a building which is for resale / speculative purpose.
3 Eligibility The borrowers who are existing customer of our Bank should have
building constructed in a NA land in urban/semi-urban area within the
Banks area of operation. (Only Open Site is not eligible for
sanctioning loan under the scheme).
4 Location of a) Building should be located in urban/semi-urban area within the
the Banks area of operation.
property b) Urban Agglomerations & Rural Commercial Centers which are
having all the potentiality & scope for further development like any
other Urban / Semi-urban centers and having good marketability of
NA property.
If the property offered as security is not situated in Urban/ Semi-
Urban areas, the sanctioning powers vests only with RM or GM or
CHAIRMAN as the case may be.
5 Maximum a) Rs.100.00 lakh in respect of the property situated at Urban / Semi-
Loan urban area.
amount b) Rs.25.00 lakh in respect of the property situated at Urban
Term loan Agglomeration
and c) Rs.10.00 lakh in respect of property situated at Rural Commercial
overdraft Centers.
d) Maximum loan amount in case of Vikasaadhar overdraft facility is
Rs.50 lakhs only.
6 Quantum Subject to the overall ceiling given above, the quantum of loan for
of loan various types of borrowers shall be determined as follows:

Salaried: 60 times of monthly gross salary OR 5 times the average

annual income based on IT Return for last 3 years filed in respective
years or Form No.16 ( Salary Certificate) issued by the employer OR
50% of the value of the property whichever is less subject to cutback
norms.
Non-Salaried: 5 times the average annual income based on IT Return
for last 3 years filed in respective years OR 50% of the value of the
property whichever is less subject to cutback norms.
Clubbing of Income: Income of members of spouse supported by IT
returns only can be considered for arriving at the quantum of the loan,
cut back & repayment of the loan. In such case they should join the
loan transaction as co-borrower.
Agriculture Income: If borrower is having agricultural income, the
same should have been included in the IT returns.Income from
Agriculture stated separately should not be taken into consideration.
Loans below Rs.5 lakhs: Adapt holistic approach while calculating the
average income for the purpose of arriving at the eligible amount of loan
under this category.
7 Income For loans below Rs.5 lakh IT return is not mandatory.
proof For loans above Rs.5 lakhs, IT returns for the past 3 years to be
obtained (filed in the respective assessment years i.e. not in single year).
8 Cutback a) For Salaried person/s: 50% of the gross salary of the applicant/s.
b) For Non-salaried person/s & Agriculturists: 50% of the annual
income of the applicant/s.
9 Margin 50% of the value of the property.
10 Valuation Valuation of the property has to be obtained from the approved valuer
on bank’s panel.
11 Security SRM / REM of the building. Obtaining of legal opinion is compulsory.
12 Collateral Not required

5
Sl. Particulars Details
13 Guarantor One credit worthy third party surety acceptable to the bank
14 Insurance If the Mortgaged property is in the form of building then the property
has to be insured for full value with bank’s clause.
15 SC /PC 0.50% of the loan amount, with a minimum of Rs.100/- + GST
16 Release In lump sum or in convenient installments as per the requirement of
the applicants.
17 Repayment a) Repayable in maximum of 84 EMI in case of salaried persons and
businessmen / self-employed / professionals.
b) In case of Overdraft facility the limit is valid for 3 years and loan
shall be renewed every year
c) Branch shall ensure that monthly interest is serviced in
Vikasadhaar OD accounts without fail.
18 Moratorium In case of EMI the repayment starts exactly one month from the date of
period 1st release.
19 Availing Customer can avail at a time either mortgage loan or overdraft not both.
loan

6
 VIKAS RENT
Sl. Particulars Details
1 Purpose Any genuine BUSINESS/PERSONALcredit requirement other than for
speculative / prohibited purposes as per the credit policy guidelines in
force against the future rent receivables.
2 Eligibility a) Bonafide owners of commercial or residential property standing in
their own names.
b) The building should have been legally let out on lease/rental
agreement with Tenant/ lessee who may be Govt. undertaking /
Department / institutions or companies with sound financial and
satisfactory payment record.
c) Landlords of our Bank Branch / Office Premises.
3 Location of No restriction
the property
4 Quantum of Remaining period of Quantum of Loan
loan lease including in built (Maximum up to following percentage of
renewal period the future net lease rentals receivables
for unexpired period of lease)
Up to 3 years 80%
Beyond 3 years & up to 5 75%
years
Beyond 5 years & up to 7 65%
years
Beyond 7 years & up to 9 55%
years
5 Income proof Registered lease deeds.
6 Cutback 50% of the annual income.
7 Valuation Valuation of the property has to be obtained from the approved valuer
on bank’s panel.
8 Security a) Mortgage of property being let out whose realistic realizable value
shall not be less than 150% of the loan amount sanctioned. OR
b) Liquid securities in the form of NSC/KVP/IVP or bank’s own
deposits equivalent to 110% of loan amount . OR
c) Mortgage of alternate property whose realizable value is not less
than150% of loan amounts sanctioned in case of legal problems in
mortgaging let out property.
OR
d) In case of premises / residences occupied by our Bank, security can
be waived provided the EMI on loan is less than the monthly rent
payable.
10 Collateral Not required
11 Guarantor One credit worthy third party surety acceptable to the bank. In
deserving cases, relaxation may be considered at Head Office keeping
in view the overall security position and other factors.
12 Insurance If the Mortgaged property is in the form of building then the property
has to be insured for full value with bank’s clause.
13 SC /PC As per prevailing guidelines
14 Release In lumpsum or in convenient installments as per the requirement of
the applicants.
15 Repayment EMI for the period not exceeding the unexpired period of lease,
including in built renewal period, subject to Maximum of 108 months.

Repayment should be fixed based on the Cash flow from rental income
only. In respect of loans extended to Landlord of Bank premises,
maximum repayment period stipulated in the Scheme is not applicable
and repayment can be extended 2 years less than THE LEASE
PERIOD.
16 Other a) Lease Deed should be registered.
requirements b) Tripartite Agreement for repayment of loan by the lessee.
7
8
 VIKAS PRATIBHA (EDUCATION LOAN)
Sl. Particulars Details
1 Purpose To provide the need based assistance to meritorious students in
pursuing higher education in professional and technical courses,
in India and abroad.
2 Eligibility a) Any major student representing himself or a minor student
represented by parent or guardian of Indian nationality.
b) Should have secured admission to a higher education course in
recognized Institutions in India or abroad through Entrance
Test / Merit Based Selection process after completion of Higher
Secondary (10 plus 2 or equivalent).
c) In case of students pursuing employment oriented courses like
teachers training courses and 3-year technical diploma courses
in polytechnic institutions after completion of 10 th standard are
also eligible.
d) The beneficiaries financed are the permanent residents of the
service area of the respective branch.
3 Management For courses under management quota seats considered under the
quota scheme, fees as approved by the State Government/ Government
approved regulatory body for payment seats will be taken, subject
to viability of repayment.
3 If student is a Wherever the applicants are minors, the loan shall be arranged in
minor joint names of minor student and the parent/guardian. In such
cases, the documents shall be signed by the parent/guardian, first
on behalf of minor as guardian and secondly on his own behalf as
co-borrower. When the minor attains majority, Branches have to
obtain a letter from the student acknowledging the debt-raised by
his/her parent/guardian as per the Annexure-A enclosed to
Cir.No.173/2012.
4 Eligible a) Approved courses leading to Graduate / Post Graduate degree,
Courses in P G Diplomas and Ph.D. conducted by recognized colleges/
India universities recognized by UGC/ Govt. / AICTE/ AIBMS/ ICMR
etc.
b) Professional courses: Engineering, Medical, Agriculture,
Veterinary, Law, Dental, Management, Computer etc. In respect
of Management studies, apart from University affiliation,
courses should also be approved by All India Council for
Technical Education. For computer education the recognized
training institute should have accreditation of DOE, GOI to
conduct course under Dept.of Electronics Accreditation of
Computer courses scheme (DOEACC scheme)
c) Computer certificate courses of reputed institutes accredited to
Dept of Electronics or Institutes affiliated to University.
d) Courses like ICWA, CA, CFA etc.
e) Courses conducted by IIM, IIT, IISc, XLRI, NIFT, NID etc.
f) Approved Courses offered in India by reputed foreign
universities.
g) Regular Degree / Diploma courses like Aeronautical, Pilot
training, Shipping etc., approved by Director General of Civil
Aviation / Shipping, if the course is pursued in India.
h) Other courses offered leading to Diploma /Degree etc.
conducted by colleges/universities approved by
UGC/Govt/AICTE/AIBMS/ICMR etc. Courses offered by
National Institutes and other reputed private institutions.
6 Eligible a) Graduation: For job oriented professional/technical
Courses abroad courses offered by reputed universities.
b) Post-graduation: MCA.MBA.MS etc.
c) Courses conducted by CIMA-London, CPA in USA etc.
d) Degree / Diploma courses like aeronautical, pilot training,

9
Sl. Particulars Details
shipping etc., provided these are recognized by competent
regulatory bodies in India / abroad for the purpose of
employment in India / abroad.
7 Expenses to be i. Fee payable to college / School / hostel*
considered for ii. Examination / Library / laboratory fee
loan iii. Travel expenses / passage money for studies abroad
iv. Insurance premium for student borrower, if applicable.
v. Caution deposit, Building fund / refundable deposit
supported by Institution bills / receipts**
vi. Purchase of books / equipment’s / instruments /
uniforms***
vii. Purchase of computer at reasonable cost, if certified by the
institution that it is essential for completion of the course ***
viii. Any other expenses required to complete the course-like
study tours, project work, thesis etc.***
ix. While computing loan required, scholarships, fee waiver etc.,
if any, available may be taken into account. In such cases
loan amount can be released proportionately.
The purposes indicated above should form essential part of the
curriculum to be eligible for finance. It may be noted that
capitation fee/donation/external coaching are not eligible items for
finance
Note:
* Reasonable lodging and boarding charges shall be considered
in case the student chooses / is required to opt for outside
accommodation.
** These expenses could be considered subject to the condition
that the amount does not exceed 10% of the total tuition fees
for the entire course.
*** It is likely that expenditure under Item Nos. vi, vii & viii above
may not be available in the schedule of fees and charges
prescribed by the college authorities. Therefore, a realistic
assessment may be made of the requirement under these
heads. However, the maximum expenses included under vi,
vii & viii may be capped at 20% of the total tuition fees
payable for completion of the course.
8 Margin a) Upto Rs.4.00 lakh NIL
b) Above Rs.4.00 lakh to Rs.7.50lakh For studies in India 5%
For abroad 15%
c) Above Rs.7.50 lakh->For studies in India 5% For abroad 15%
9 Quantum of Quantum of loan shall be calculated on the base of eligible
Loan expenses and required margin contribution. While deciding the
quantum of finance branches should also take into consideration
factors such as employment yearning/ potential of the course
selected and reputation of the educational institution etc. as the
repayment of the loan depends largely on the above factors. The
eligible loan amount is
Studied in India- Rs.25 lakhs
Studies in abroad- Rs.50 lakhs
10 Reimbursement The expenditure incurred by the applicant for earlier academic year
of fees already should not be considered for loan assistance (for reimbursement).
paid Loans for the current/remaining actual academic years should only
be considered.

11 Upto Rs.4.00 Rs.4.00 to Above Rs.7.50 lakh

lakh Rs.7.50 lakh

10
Sl. Particulars Details
Security / Nil a)3rd party a) 3rd party Guarantee.
Guarantor Guarantee b) Collateral in the form of
Agriculture/Non-agricultural
property with 33% margin
i.e.133% of loan amount.
In all the above cases, parent /guardian shall join as Co- borrower.
12 Release The loan amount shall be released in stages as per the requirement
/ demand directly to the institution / vendor of equipments /
instruments / travel agents by way of DDs /Pay Order/Electronic
Transfer. However, out of the total amount sanctioned, an amount
not exceeding Rs. 10,000/- may be released to the borrower in cash
for meeting the related expenses.
13 Repayment Maximum 15 years including repayment holiday / Moratorium.
14 Repayment The repayment schedule shall be written in the loan document as
Schedule per the standard format given in the Cir.No.173/2012.
15 Moratorium Repayment holiday up to one year after the completion of the
period course. If the student secures any employment during the
gestation period the repayment shall be advanced to commence
immediately.
16 Interest Central Sector Interest Subsidy Scheme of MoHRD is applicable
Subsidy only for the loans, upto Rs.10.00 lakh, given for Professional and
Technical Courses (after 12th standard or equivalent classes) in
India. Even if the loan is sanctioned in excess of Rs. 10 lakh for
studies in India, the loan which qualifies for interest subsidy under
Central Sector Interest Subsidy Scheme is up to Rs. 10 lakh only.
17 Insurance It is mandatory to arrange for life insurance policy/ credit life
insurance policy/PAIS on the students availing education loan.
18 Service Charge No service charge irrespective of loan amount.
19 Stamp Duty No stamp duty to be levied as per Karnataka Stamp Act furnished
in our Cir.No. 82/26/2015/ADV Dated 20/06/2015.

11
 VEHICLE LOANS TO GENERAL PUBLIC (4 Wheeler & 2 Wheeler) FOR PERSONAL USE

SL Particulars Guidelines
1 Purpose Purchase of New / second hand New Two wheeler such as Moped,
4 wheeler such as Car, Van, Motor cycles, Scooter etc.
Jeep etc.
2 Classification Non-priority sector Non-priority sector
3 Income Obtaining ITR is waived for loans up to Rs.10 lakh in case of
salaried and non-salaried
4 Eligible persons Individuals having minimum Individual having minimum
Salaried / Non- annual income of Rs.2.00 lakh annual income of Rs. 1.00 lakh.
salaried & above. For determining
eligibility, quantum of loan, the
income of spouse having IT
Returns (wherever applicable)
supporting the borrower
financially, can be considered.
The spouse whose income is
included for the above purpose
& shall join the transactions as
additional surety/ies.
Obtaining of IT Return is
mandatory for both non
agriculture and agriculture
income for loans above Rs.10
lakh.
5 Quantum a) 90% of on Road price a) 80% of on Road-price (inclusive
(inclusive of Insurance, of Insurance, Road tax and
Road Tax, Registration Registration charges) of the new 2
charges & accessories wheeler and accessory (max:
limited to maximum of Rs.1000/-) or 50% of annual
Rs.10000/-) or Three times income, whichever is less.
of the Gross annual income
whichever is less. b) Second hand 2 wheelers are not
b) 70% of value of the Car (as eligible for bank finance.
valued by approved valuer)
for second hand car of not
more than 3 years old or
three times gross annual
income whichever is less
NOTE: The cap of loan amount of Rs.4.00 lakh in case of 4 wheeler
and Rs.0.50 lakh in case of two wheeler loans who wish to avail
vehicle loan facility at par with General Public is removed and they
are also eligible for availing loan amount at par with General Public.
6 Security 1. Hypothecation of Vehicle
2. Third Party Guarantee / Surety acceptable to Bank
3. Branches may explore the possibility of obtaining collateral
security by way of Mortgage of Non agriculture property /
NSC, KVP/ Deposits/ LIC policies.
7 Repayment Maximum 84 months for new Maximum 60 months.
Cars and maximum 48 months
for old cars. The repayment
period for old cars shall be fixed
in such a way that the age of the
car plus repayment period does
not exceed 7 years.

12
8 Co-obligant Vehicle loans up to Rs.25 lakhs for four wheelers, third party
guarantee/surety need not be insisted for the customer having CIBIL
score of 750 and above (Cir. 104/2022).
Co-obligant/s with adequate net worth acceptable to the Bank. In
addition to hypothecation of vehicles, if the loan is secured up to
100% of the loan amount by collateral securities like NSC /KVP /
LIC policy / deposits / RBI Relief bonds, third party co-obligation
may be waived.
9 Cut Back 50% or 60% (where cutback exceeds 50% on account of voluntary
savings like contribution to provident fund beyond statutory
requirement, LIC etc.).
10 Other Conditions a) All other norms such as obtaining of driving license, RTO forms,
receipts, RC Extract, 2nd set of keys, insurance cover etc., has to
be followed scrupulously.
b) Salaried classes are eligible to avail any two loans under VHL or
DL or CDLF subject to a total exposure of 15 months gross salary
and cutback norms.

13
 DEMAND LOAN TO SALARIED / NON-SALARIED
(Excluding DL to Agriculturists & Businessmen)
Sl. Particulars Details
1 Eligibility a) Permanent employee of State/Central Government, Public Sector
undertakings with sound financial status, Teaching / Non-Teaching
staff of Govt. /Aided educational Institutions. Loan to other
employees can also be considered only with the permission of ROs.
b) Non-Salaried persons such as Doctors, Engineers, Architects,
Chartered Accountants, Lawyers etc., excluding businessmen and
Agriculturists.
2 Purpose To meet out genuine personal credit requirements
3 Quantum a) For Salaried persons:
of Loan Salary is Up to 12 times the average Gross Salary of 12 months
credited at the with a ceiling of Rs.7.50 lakh.
Branch
Salary not Up to 10 times the average Gross Salary of 10 months
credited at the with a ceiling of Rs.3.00 lakh. For loan above 1 lakh,
Branch collateral security shall be obtained.
b) For Non-Salaried persons: 50% of Gross average annual income of
last 3 years of as per IT Returns subjected to cutback norms,
Maximum Demand Loan is Rs.5.00 lakhs.
4 Cut-back a) In case of salaried persons: 50% of monthly salary (60% Where cut
back exceeds on account of voluntary savings like contribution to PF
beyond statutory requirement, LIC etc.)
b) In case of non- salaried persons: 50% of annual income.
5 Security For Salaried where salary is being credited at the branch: No security
is required

For the Salaried whose salary is not credited at the branch and in
case of Non-Salaried:
a) Up to Rs.1.00 lakh: No security
b) Above Rs.1.00 lakh in case of Salary not being credited at the branch
and Non-Salaried Persons: Securities like Deposits / NSC / LIC
policies / Mortgage of NA property having adequate value so as to
secure the loan fully.
6 Guarantor Third Party Guarantee / Surety having adequate net worth acceptable to
Bank
7 Repayment a) For Salaried Persons: Not exceeding 60 Equated Monthly
Installments. In case of borrowers having less than 5 years’ service,
the total period of repayment fixed shall not exceed the remaining
period of service, subjected to cutback norms.
b) For Non-Salaried Persons: Not exceeding 60 equated monthly
installments. Postdatedcheques covering the entire EMIs may be
accepted.
8 Other a) In case of salaried class loan upto, 12 times or 10 times of gross
Condition salary with a ceiling of Rs.7.50 lakh or Rs.3.00 lakh respectively as
the case may be, can be sanctioned at branch level, as per MDP, if
either Salary is credited at the Branch OR Irrevocable letter of
undertaking from the employer (KA63) is obtained. In other cases
with the prior permission of the RO loan may be extended
accepting postdatedcheques covering the entire loan amount (copy of
pass book/ statement of account for previous one year shall be
obtained and branch shall satisfy itself about the transactions /
dealings ).
b) In case of non-salaried class loan upto eligible limit can be
sanctioned at branch level, as per MDP, by obtaining IT Return
&postdatedcheques covering the entire EMIs.
c) Salaried classes are eligible to avail any two loans under VHL or DL
or CDLF subject to a total exposure of 15 months gross salary and

14
cutback norms

15
 Consumer durable LOAN TO SALARIED / NON-SALARIED

Sl. Particulars Details

1 Eligibility c) Permanent employee of State/Central Government, Public
Sector undertakings with sound financial status, Teaching /
Non-Teaching staff of Govt. /Aided educational Institutions.
Loan to other employees can also be considered only with the
permission of ROs.
d) Non-Salaried persons such as Doctors, Engineers, Architects,
Chartered Accountants, Lawyers etc.
2 Purpose To purchase consumer durables like TV, fridge, Washing Machine,
other audio / video equipment, computer including printer &
software, furniture and other home appliances.
3 Quantum c) For Salaried persons: 80% of invoice value of the item to be
of Loan purchased or 10 months gross salary whichever is less with a
maximum of Rs.2.00 lakh.
d) For Non- Salaried persons: 80% of invoice value of the item to
be purchased or 50% of the gross annual income as per IT
return whichever is less with a maximum of Rs.2.00 lakh.
4 Cut-back c) In case of salaried persons: 50% of monthly salary (60% Where
cut back exceeds on account of voluntary savings like
contribution to PF beyond statutory requirement, LIC etc.)
d) In case of non- salaried persons: 50% of gross annual income.
5 Security Hypothecation of item/s purchased out of loan amount.
6 Guarantor Third Party Guarantee / Surety acceptable to Bank
7 Repayment c) For salaried persons not exceeding 60EMI or with retirement
age whichever is earlier.
d) For non-salaried not exceeding 60 EMI.
8 Sanctioning Delegation power for Salaried & Non-Salaried from Scale-I to Scale-
Powers IV will be Rs.2.00 lakh only.
9 Other a) For salaried persons Salary shall be credited at the Branch OR
Conditions KA-63 to be obtained OR with the permission of RO & by
accepting postdatedcheques covering entire loan amount shall
be obtained. (Copy of pass book/ statement of account for
previous one year shall be obtained and branch shall satisfy
itself about the transactions / dealings.
b) Salaried personas are eligible to avail any two loans under VHL
or DL or CDLF subject to a total exposure of 15 months gross
salary and cutback norms.
c) NSCs, LIC Policies & Term Deposits, if available are to be
obtained as collateral.

16
 LOAN / ODD AGAINST DEPOSITS INCLUDING SANTUSTI ODD

Sl Particulars Details
1 Eligibility All the depositors of our bank. LD against deposits of other bank is not
permitted.
2 Purpose For any consumption / productive needs.
3 Quantum No limit. Required margin has to be maintained.
4 Margin i) Deposits maturing within 2 years : 10%
ii) Deposits maturing beyond 2 years &up to 3 years : 15%
iii) Deposits maturing beyond 3 years : 25%
iv) Margin on Nirantara Deposits : 25%
v) For Santusti ODD : 10%
5 Security Lien on deposit/s.
6 Guarantor Not required
7 Rate of a) Presently, 2% above the rate of interest on Deposits for all LDs
Interest excluding staff LDs.
b) For staff LDs, 1% above the rate of interest on Term deposit.
c) For LD on Nirantara Deposit it is 10%.
d) For Santusti ODD 1.5% above the rate of interest on Term Deposits.
8 Repayment a) Preferably the loan shall be recovered before maturity date of the
deposit.
b) The repayment period of the loan should not continue beyond the
date of maturity of the deposit.
c) Where a depositor does not pay up the loan on or before the date of
maturity of the deposit and has not given any instruction for
adjustment on maturity of the deposit, the branch on due date of the
deposit adjust the loan and credit the balance, if any, left over to
unclaimed deposit account under information to the depositor.
d) In the case of facilities granted for genuine business needs by way of
overdrafts, if the accounts are well operated and show healthy
fluctuations, branches need not adjust the deposits on maturity to the
overdrafts, provided the deposits which constitute security are in the
names of the borrowers and not in the name of the third parties. The
deposits may be got renewed in such cases and kept with relative loan
documents duly discharged. A fresh letter of lien has also to be
obtained.
e) Where the overdraft accounts are not being operated satisfactorily, the
relative deposits should be adjusted towards the OD A/c on maturity
without fail reducing the limit correspondingly, or closing the
overdraft in full if the deposit covers the limit, under intimation to the
party.
9 Other a) Loans against deposits standing in the names of minors may be
Conditions sanctioned. The guardian of a minor has to furnish in an undertaking
letter stating that the loan will be utilized for the legal necessity and
the sole benefit of said minor. (Note: The declaration form is printed in
KA 31).
b) Loans may be granted to customers of the branch against their
deposits at other branches with due notice to the other branch for
noting lien on the deposit. Before arranging LD, confirmation for not
having lien on the deposits from the parent Branch is to be obtained.
c) Bank should not grant any loan or advance against the Term deposits
created out of compensation amount awarded by the Tribunals &
Court/ Tribunal which awarded the compensation.
d) In the case of deposits standing in joint names, irrespective of the
conditions regarding repayment (e.g., No.1 or survivor, either or
survivor, or any one or survivor etc.) all the parties to the deposit
should discharge the deposit receipts and sign all papers and
documents to be executed by borrowers.
e) Loans should not be arranged to a partner of a firm against the

17
security of deposits standing in the name of the firm without the
consent of all partners. All partners should discharge the deposit
receipt and sign on all papers, documents for availing loan on
deposits.

18
 VIKAS UDYAM

SCHEME FOR FINANCING SMALL ROAD TRANSPORT OPERATORS (SRTO) UNDER

(MSE)

Particular Details
Sl.
s
1 Eligibility a) An individual or an association desirous of owning transport
vehicle(s), for carrying passengers or goods on hire.
b) The borrower (s) hold the necessary driving license or engage
driver (s) possessing valid license to operate the type of vehicle for
which credit is sought.
c) The borrower (s) should have been granted a permit by an
appropriate authority to play vehicle (s) for passengers or goods
traffic for hire.
d) The borrower(s) should be well experienced and have the aptitude
in the profession.
e) Transport operators owning one or more trucks/buses are also
eligible.
Unit shall be Micro & Small Service Enterprises
Existing units seeking finance for expansion is also eligible.
2 Purpose To Purchase of new or old vehicle/s (less than 3 years old)
Term Loan manufactured by standard manufacturing companies.
Over Draft Revolving limit to meet out the working capital requirements.
3 Loan Amt. a) For new vehicles: 75% of project cost / on-road price.
b) For old / used vehicles: (For vehicles less than 3 years old) 50
% of the value of the vehicle or purchase value as per sale
agreement, whichever is less

The original investment in equipment’s should not exceed Rs.10.00

lakh for Micro Enterprises & Rs.200.00 lakh for Small Enterprises.

Maximum loan amount should not exceed Rs.100.00 lakh.

4 Margin a) For new vehicles 25%
b) For old / used vehicle less than 3years old 50%.
5 CGTMSE Eligible for coverage under CGTMSE. If the credit facility is going
to be covered under CGTMSE, collateral security and 3rd party
guarantee not to be obtained.
6 Security Hypothecation of Vehicle ( Primary Security)
7 Collateral a. Up to and inclusive of Rs.5 lakh- Hypothecation of vehicle
Security b. Above Rs.5 lakhs- Hypothecation of vehicle, collateral by way
( For loans of NA property /NSC,KVP, deposits, LIC policies/vehicles
not value not less than 25% of loan amount.
covered c. For 2nd hand four wheelers- Hypothecation of vehicle,
under collateral by way of NA property /NSC,KVP, deposits, LIC
CGTMSE) policies/vehicles value not less than 25% of loan amount
8 Guarantor 3rd party guarantor having sufficient net worth acceptable to the
bank. (For loans not covered under CGTMSE).
9 Repayment Term Loan: Maximum repayment period of 7 to 10 years including
repayment holiday/ moratorium period of maximum of 3 months in
eligible cases.( As the value of the vehicle decreases drastically
year after year, it is prudent to fix a repayment period of 5
years or less)
Over Draft: To be renewed annually and interest to be serviced
monthly.

19
10 Other Periodical Inspection of securities. Bank’s hypothecation charge to
Terms & be noted in RC with RTO for vehicles. Comprehensive Insurance
conditions with bank’s clause. Periodical Stock statement shall be obtained (In
case of Over Draft Accounts) & Verified.

All other norms such as obtaining of driving license, RTO forms,

receipts, RC Extract, 2nd set of keys, insurance cover etc., has to be
followed scrupulously.

20
 VIKAS UDYAM

SCHEME FOR FINANCING PROFESSIONAL & SELF EMPLOYED UNDER (MSE)

Particular Details
Sl.
s
1 Eligibility Units run by Professional and Self-Employed Persons viz. Medical
Practitioners including Dentists, Chartered Accountants, Cost
Accountants, Practicing company Secretary, Lawyers or Solicitors,
Engineers, Architects, Surveyors, Construction or Management
Consultants, accredited journalists and camera men who are free
lancers or a person trained in any other art or craft who holds either
a degree or diploma from any institution established, aided or
recognized by Government or to a person who is considered by the
Bank as technically qualified or skilled in the field in which he is
employed.
Unit shall be Micro & Small Service Enterprises
Existing units seeking finance for expansion is also eligible.
Applicants having valid certificate / Units having valid license to
conduct profession by Municipal / Local Administration.
Units in Own premises / units in leased / rented premises with
registered / un-registered & un-expired lease / rental period.

2 Purpose For purchase/construction of building only for carrying out

Term Loan business, purchase of equipment’s, books & vehicles for professional
activity.
Over Draft Revolving limit to meet out the working capital requirements.
3 Loan Amt. 75% to 85% of the project cost.
The original investment in equipment’s should not exceed Rs.10.00
lakh for Micro Enterprises & Rs.200.00 lakh for Small Enterprises.

Maximum loan amount should not exceed Rs.100.00 lakh.

4 Margin a) Up to Rs.0.50 lakh 15%
b) Above Rs.0.50 lakh 25%
5 CGTMSE Eligible for coverage under CGTMSE. If the credit facility is going
to be covered under CGTMSE, collateral security and 3rd party
guarantee not to be obtained.
6 Security Hypothecation of stock / assets, Mortgage of Land/Building (
Primary Security)
7 Collateral a) For Loans above Rs.0.50 lakh &up to Rs.2.00 lakh: Collateral
Security Security by way of mortgage / charge on NA property / NSC,
( For loans KVP, Deposits, LIC policies / Vehicles valued not less than 25%
not of loan amount in addition to primary security.
covered b) For Loans above Rs.2.00 lakh and upto Rs.10.00 lakh:
under CollateralSecurity by way of Mortgage of Non-Agriculture
CGTMSE) property/ NSC, KVP, Deposits, LIC policies / Vehicles valued not
less than 50% of loan amount in addition to primary security.
c) For Loans above Rs.10.00 lakh: CollateralSecurity by way of
Mortgage of Non-Agriculture property/ NSC, KVP, Deposits, LIC
policies / Vehicles valued not less than 100% of loan amount in
addition to primary security.
8 Guarantor 3rd party guarantor having sufficient net worth acceptable to the
bank. (For loans not covered under CGTMSE).
9 Repayment Term Loan: Maximum repayment period of 7 to 10years including
repayment holiday/ moratorium period of maximum of 12 months in
eligible cases.
Over Draft: To be renewed annually and interest to be serviced
monthly.

21
10 Other Periodical Inspection of securities. All statutory
Terms & requirements/licenses to be obtained from concerned statutory
conditions authorities. Bank’s hypothecation to be noted in RC with RTO for
vehicles if any. Comprehensive Insurance with bank’s clause.
Periodical Stock statement shall be obtained & Verified. All other
terms and conditions as per MSE scheme.

22
 VIKAS UDYAM

SCHEME FOR FINANCING SMALL BUSINESS / BE UNDER (MSE)

Particular Details
Sl.
s
1 Eligibility Individuals/Proprietorship Concern/Partnership Concern/Limited
Companies/Trusts/Societies/ who are engaged in providing any
services other than professional services viz. Hotels, house boats
and other tourist accommodation etc.
Unit shall be Micro & Small Service Enterprises
Existing units seeking finance for expansion is also eligible.
Units having valid license to conduct service activity by Municipal/
Local
Administration.
Units in Own premises/units in leased / rented premises with
registered / un-registered & un-expired lease / rental period.

2 Purpose Working capital term loans, purchase/construction of building only

Term Loan for carrying out business, purchase of equipment’s, utensils &
vehicles for transportation of goods directly connected with the
service activity.
Over Draft Revolving limit to meet out the working capital requirements.
3 Loan Amt. 75% to 85% of the project cost. The original investment in
equipment’s should not exceed Rs.10.00 lakh for Micro Enterprises
& Rs.200.00 lakh for Small Enterprises.

Maximum loan amount should not exceed Rs.100.00 lakh.

4 Margin a) Up to Rs.0.50 lakh 15%
b) Above Rs.0.50 lakh 25%
5 CGTMSE Eligible for coverage under CGTMSE. If the credit facility is going
to be covered under CGTMSE, collateral security and 3rd party
guarantee not to be obtained.
6 Security Hypothecation of stock / assets, Mortgage of Land/Building (
Primary Security)
7 Collateral a) For Loans above Rs.0.50 lakh &up to Rs.2.00 lakh: Collateral
Security ( Security by way of mortgage / charge on NA property / NSC,
For loans KVP, Deposits, LIC policies / Vehicles valued not less than 25%
not of loan amount in addition to primary security.
covered b) For Loans above Rs.2.00 lakh and up to Rs.10.00 lakh:
under CollateralSecurity by way of Mortgage of Non-Agriculture
CGTMSE) property/ NSC, KVP, Deposits, LIC policies / Vehicles valued not
less than 50% of loan amount in addition to primary security.
c) For Loans above Rs.10.00 lakh: CollateralSecurity by way of
Mortgage of Non-Agriculture property/ NSC, KVP, Deposits, LIC
policies / Vehicles valued not less than 100% of loan amount in
addition to primary security.
8 Guarantor 3rd party guarantor having sufficient net worth acceptable to the
bank. (For loans not covered under CGTMSE).
9 Repayment Term Loan: Maximum repayment period of 7 to 10years including
repayment holiday/ moratorium period of maximum of 12 months in
eligible cases.
Over Draft: To be renewed annually and interest to be serviced
monthly.

23
10 Other Periodical Inspection of securities. All statutory
Terms & requirements/licenses to be obtained from concerned statutory
conditions authorities. Bank’s hypothecation to be noted in RC with RTO for
vehicles if any. Comprehensive Insurance with bank’s clause.
Periodical Stock statement shall be obtained & Verified. All other
terms and conditions as per MSE scheme.

24
 VIKAS ANNAPOORNA

SCHEME FOR FINANCING HOTEL/RESTAURANT ENTREPRENEURS UNDER (MSE)

Particular Details
Sl.
s
Target New / Existing Entrepreneurs.
1
Group
Constitutio Individuals/Proprietorship Concern/Partnership Concern/Limited
2 n
Companies/Trusts/Societies.
Purpose a) To set up a unit/business of Hotels/Restaurants and Lodges
Term Loan /Fast Food centres/motels (Dhaba)/Bakeries/High Way Inns /
Pizza Centers (Franchises)/ Mess/Canteen/Catering
Service/Service Apartment - enterprises qualifying under Micro,
3
Small and Medium Enterprises.
b) To Upgrade/Renovate/Expand existing units by purchase of
Furniture and Fixtures/ Machineries/Equipment’s/Vehicles etc.
Over Draft To meet working capital requirements for existing or new units
Unit shall be Micro Service Enterprises
Existing units seeking finance for expansion is also eligible.
Units having valid license to conduct hotel business by Municipal/
Local
4 Eligibility
Administration.
Units in Own premises/units in leased premises with registered /
un-registered un-expired lease covering the repayment period.

5 Loan Amt. Maximum of Rs. 10.00 lakh

6 Margin 20%
Loans Hypothecation of Furniture and Fitting /Equipment’s/ Machinery /
covere Vehicle/ Stock etc.,
d Primary Security /Mortgage of land and building associated with the
under business shall be obtained.
CGTM
SE
a) Hypothecation of stock & Mortgage of assets as Primary
Security AND
Under b) For Loans above Rs.0.50 lakh &up to Rs.2.00 lakh: Collateral
Genera
security by way of Mortgage / charge of Non Agricultural
Security

l
7 schem property / NSC/KVP, Deposits LIC policies / Vehicles: Valued
e ( not less than 25% of loan amount (in addition to the
For Hypothecation of stocks / Mortgage of Assets as mentioned in “a”
loans above).
not c) For Loans above Rs.2.00 lakh &up to Rs.10.00 lakh: Collateral
covere security by way of Mortgage / Charge of Non Agricultural
d
property / NSC/KVP, Deposits LIC policies / Vehicles: Valued
under
CGTM not less than 50% of loan amount (in addition to the
SE) Hypothecation of stocks / Mortgage of Assets as mentioned in “a”
above).

No third party Guarantee is to be taken for credit facility if covered

under CGMSE.
8 Guarantor
For other accounts not covered under CGMSE, suitable third
party Guarantee shall be obtained
Term Loan: Maximum repayment period of 7 years including
9 Repayment repayment holiday/ moratorium period. Moratorium period upto a
maximum of 12 months can be given in eligible cases.

25
 Over Draft: To be renewed annually and interest to be serviced
monthly.
Other Periodical Inspection of securities. All statutory
Terms & requirements/licenses to be obtained from concerned statutory
conditions authorities. Bank’s hypothecation to be noted in RC with RTO for
10
vehicles if any. Comprehensive Insurance with bank’s clause.
Periodical Stock statement shall be obtained & Verified. All other
terms and conditions as per MSME scheme.

26
SCHEME FOR FINANCING SMALL SCALE INDUSTRIES & RURAL ARTISANS UNDER
(MSE)

Particular Details
Sl.
s
1 Eligibility a) Small Scale Industries: An Industrial Undertaking which is
engaged or is proposed to be engaged in the manufacture or
production of parts, components, sub-assemblies, tooling, or
intermediates or the rendering of services and the undertaking
supplies or renders or proposes to supply or renders not less
than 50% of its production or services.
b) Rural Artisans: Artisan and Small Industrial activities
(Manufacturing, preservation and servicing) located in rural
areas involving utilization of locally available material resources
and/or human skills will come under the purview of Rural
Artisans, Village and Cottage Industries.
Unit shall be Micro & Small Manufacturing Enterprises
Existing units seeking finance for expansion is also eligible.
Applicants having Valid Certificate / Units having valid license / SSI
Registration Number to conduct business by Municipal / Local
Administration.
Units in Own premises / units in leased / rented premises with
registered / un-registered & un-expired lease / rental period.

2 Purpose For purchase of equipment’s, machineries & vehicles / construction

Term Loan of building only for carrying out manufacturing activity.
Over Draft Revolving limit to meet out the working capital requirements.
3 Loan Amt. 75% to 85% of the project cost. The original investment in plant &
machinery should not exceed Rs.25.00 lakh for Micro Enterprises &
Rs.500.00 lakh for Small Enterprises. The maximum loan amount
should not exceed Rs.100.00 lakh.
4 Margin a) Upto Rs.50000/- 15%
b) Above Rs.50000/- 25%
5 CGTMSE Eligible for coverage under CGTMSE. If the credit facility is going
to be covered under CGTMSE, collateral security and 3rd party
guarantee not to be obtained.
6 Security Hypothecation of stock / assets, Mortgage of Land/Building (
Primary Security)
7 Collateral a) For Loans above Rs.0.50 lakh &upto Rs.2.00 lakh: Collateral
Security ( Security by way of mortgage / charge on NA property / NSC,
For loans KVP, Deposits, LIC policies / Vehicles valued not less than 25%
not of loan amount in addition to primary security.
covered b) For Loans above Rs.2.00 lakh and upto Rs.10.00 lakh:
under CollateralSecurity by way of Mortgage of Non-Agriculture
CGTMSE) property/ NSC, KVP, Deposits, LIC policies / Vehicles valued not
less than 50% of loan amount in addition to primary security.
c) For Loans above Rs.10.00 lakh: CollateralSecurity by way of
Mortgage of Non-Agriculture property/ NSC, KVP, Deposits, LIC
policies / Vehicles valued not less than 100% of loan amount in
addition to primary security.
8 Guarantor 3 party guarantor having sufficient net worth acceptable to the
rd

bank. ( For loans not covered under CGTMSE)

9 Repayment Term Loan: Maximum repayment period of 7 to 10years including
repayment holiday/ moratorium period of maximum of 12 months in
eligible cases.
Over Draft: To be renewed annually and interest to be serviced
monthly.

27
10 Other Periodical Inspection of securities. All statutory requirements/
Terms & licenses to be obtained from concerned statutory authorities. Bank’s
conditions hypothecation to be noted in RC with RTO for vehicles if any.
Comprehensive Insurance with bank’s clause. Periodical Stock
statement shall be obtained & Verified. All other terms and
conditions as per MSE scheme.

28
 SCHEME FOR FINANCING RETAIL TRADERS

Particular Details
Sl.
s
1 Eligibility Individuals/Proprietorship Concern/Partnership Concern/Limited
Companies/Trusts/Societies/ Fair Price Shop owners/ Consumer
co-op stores who are engaged in purchasing and selling of essential
commodities including fertilizers to individuals.
Existing units seeking finance for expansion is also eligible.
Units having valid license to conduct business by Municipal/ Local

Administration.
Units in Own premises/units in leased / rented premises with
registered / un-registered & un-expired lease / rental period.

2 Purpose Working capital term loans, purchase/construction of building only

Term Loan for carrying out business, purchase of vehicle for transportation of
goods directly connected with the business.
Over Draft Revolving limit to meet out the working capital requirements.
3 Margin a) Upto Rs.0.50 lakh 15%
b) Above Rs.0.50 lakh 25%
4 CGTMSE Eligible for coverage under CGTMSE
5 Security Hypothecation of stock / assets, Mortgage of Land/Building (
Primary Security)
6 Collateral a) For Loans above Rs.0.50 lakh &upto Rs.2.00 lakh: Collateral
Security Security by way of mortgage / charge on NA property / NSC,
KVP, Deposits, LIC policies / Vehicles valued not less than 25%
of loan amount in addition to primary security.
b) For Loans above Rs.2.00 lakh and upto Rs.10.00 lakh:
CollateralSecurity by way of Mortgage of Non-Agriculture
property/ NSC, KVP, Deposits, LIC policies / Vehicles valued not
less than 50% of loan amount in addition to primary security.
c) For Loans above Rs.10.00 lakh: CollateralSecurity by way of
Mortgage of Non-Agriculture property/ NSC, KVP, Deposits, LIC
policies / Vehicles valued not less than 100% of loan amount in
addition to primary security.
d) However, in case of loans to traders, if the value of primary
security in the form of NA land and building is more than 133% of
the loan amount apart from hypothecated stock in trade with 25%
margin then collateral security need not be insisted.
7 Guarantor 3rd party guaranty having sufficient net worth acceptable to the
bank.
8 Repayment Term Loan: Maximum repayment period of 7 to 10years including
repayment holiday/ moratorium period of maximum of 12 months in
eligible cases.
Over Draft: To be renewed annually and interest to be serviced
monthly.
9 Other Periodical Inspection of securities. All statutory
Terms & requirements/licenses to be obtained from concerned statutory
conditions authorities. Bank’s hypothecation to be noted in RC with RTO for
vehicles if any. Comprehensive Insurance with bank’s clause.
Periodical Stock statement shall be obtained & Verified. All other
terms and conditions as per MSME scheme.

29
 VIKAS NAVA SANJEEVINI
UNIQUE LOAN PRODUCT FOR DOCTORS
Particular Details
Sl.
s
1 Eligibility a) All doctors/medical practitioners registered under the National
Council of Medical Practitioners of any discipline are eligible.
b) Individuals, partnerships/Corporates/Trusts (with power to borrow)
are eligible for loan.
c) Promoters should be registered practitioners and possess minimum
qualification such as
MBBS/BAMS/BPT/BDS/BHMS/Physiotherapy/Radiology etc.
2 Purpose
Term To meet all types of credit requirements of doctors.
Loan a) For construction of Hospital, renovation/expansion of Hospital.
b) For purchasing all types of medical equipment’s.
c) Setting up of clinics, X-Ray lab, nursing home, pathological lab etc.
d) For purchase of vehicles, ambulance, computers etc.
e) Any other activity related to medical profession.
Over Draft Revolving limit to meet out the working capital requirements including
stock of medicine and disposables.
3 Quantum Overdraft: Three times of average annual income based on IT returns of
of Loan past three years with the maximum of Rs.25 lakhs.
Particulars Maximum loan
amount
If applicant is having clinic/dispensary 5.00 lakhs
Having hospital/nursing home/medical facility 15.00 lakhs
with up to 10 beds
Multi-specialty hospital/ poly-clinic nursing 25.00 lakhs
home/diagnostic center with more than 10 beds

Term loan: 85% of project cost/cost of equipment/machinery.

4 Margin 15%
5 CGTMSE Loan up to and inclusive of Rs.10 lakhs compulsory coverage under
CGTMSE.
6 Security Hypothecation of Equipment’s / Vehicles / Stock & Mortgage of
immovable property (in case of construction / Repair / Renovation /
Expansion of Hospital).
Loan up to and inclusive of Rs.10 lakhs compulsory coverage under
CGTMSE.
Loans above Rs.10 lakhs collateral by way of mortgage of NA
property/NSC/KVP/Deposits/LIC policies valued not less than 25% of
loan amount.
In case 100% of loan amount is invested in plant & machinery /capital
assets/equipment’s, collateral securities not required.
7 Guarantor 3rd party guarantor having sufficient net worth acceptable to the bank.
(For loans above Rs.10 lakhs and not covered under CGTMSE).
8 Repaymen Term Loan: Maximum repayment period of 9 including repayment
t holiday/ moratorium period.
Over Draft: To be renewed annually and interest to be serviced monthly.
9 Other Periodical Inspection of securities. Bank’s hypothecation to be noted in
Terms & RC with RTO for vehicles if any. Comprehensive Insurance with bank’s
conditions clause. Periodical Stock statement shall be obtained & Verified (In case of
Overdraft Limit). All other terms and conditions as per MSME scheme. In
case of loan for purchase of vehicle, all other norms such as obtaining of
driving license, RTO forms, receipts, RC Extract, 2nd set of keys,
insurance cover etc., has to be followed scrupulously.

30
 VIKAS KIRAN
LOAN TO INSTALL SOLAR WATER HEATER AND LIGHTING SYSTEMS
Sl. Particulars Details
1 Eligibility a) All our existing customers with their own houses / premises.
b) Our confirmed staff who are not eligible under Staff Loan Scheme.
2 Purpose To install solar water heater / lighting system/s
3 Quantum 85% of the project cost.
of Loan
4 Margin 15%
For solar lighting loan up to & inclusive of Rs.25000/- margin is
10%
5 Cut-back 50% of the income.
6 Security Hypothecation of solar equipment’s purchased out of loan amount.
7 Collateral a) Upto Nil
Security Rs.0.50
lakh
b) Above Collateral securities like LIC Policies (SV), NSCs,
Rs.0.50 Deposits, Charge Creation on residential / landed
lakh and NA properties etc. valued not less than 25% of the
upto loan amount.
Rs.2.00
lakh
c) Above Collateral securities like LIC Policies (SV), NSCs,
Rs.2.00 Deposits, mortgage of residential / landed NA
lakh properties etc. valued not less than 50% of the loan
amount.
8 Guarantor a) Upto No guarantor
Rs.0.25
lakh
b) Above Third Party Guarantee / Surety acceptable to Bank.
Rs.0.25 However, exempted from obtaining co–obligant /
lakh and surety subject to condition that our existing charge
upto on the land / house of the borrower or any other
Rs.0.50 tangible security like Deposits, LIC Policy, NSC
lakh security is available to cover the loan sufficiently.
c) Above Third Party Guarantee / Surety acceptable to Bank.
Rs.0.50
lakh
9 Repayment 60 EMI or quarterly / half yearly / yearly installments spread over 5
years considering the income source of the borrower.
10 Other a) Applicants are free to purchase solar equipment’s of any make and
Conditions from any dealers under general scheme. However, in case of
subsidy schemes, the applicants have to purchase MNRE approved
models from MNRE approved manufacturers / dealers.
b) Whenever finance is as per GOI / NABARD subsidy schemes, then
only the borrower is eligible for subsidy subject to adherence to
guidelines with regard to unit cost, rate of subsidy, capacity of the
unit etc., issued from time to time.
c) Apart from Solar Lighting / Water Heating systems bank finance
may be extended to general public to install solar irrigation pump
sets, solar off grid roof top systems under general as well as
subsidy schemes adhering to extant guidelines issued from time to
time.

31
 MSME SOLAR LOAN SCHEME–VIKAS SOURA SWAWALAMBANA

Target Group Individual/firm engaged in MSME activity

Purpose To purchase any solar driven livelihood products which assist
their income generating activity under MSME.
Eligibility Permanent Resident of the command Area, engaged in any
income generating activity intended to purchase the product to
improve his income level.
Quantum of Finance Maximum loan amount is Rs.2,00,000/-
Margin Loan Amount Margin
Upto Rs.25000/- 10%
Rs.25000 to Rs.50000/- 15%
Rs.50001 to Rs.100000/- 20%
Rs.100001 to Rs.200000/- 25%
Security Primary:
Hypothecation of assets purchased out of loan proceeds
Collateral(If not covered under CGTMSE):
Up to & inclusive of Rs.50000/--No collateral security is
required
>50000/- -Collateral security by way of Mortgage of Non
Agricultural property / NSC/KVP, Deposits , LIC policies /
Vehicles : Valued not less than 25% of loan amount
Surety / Co obligant One credit worthy surety acceptable to the Bank(if not covered
under CGTMSE)
Repayment Repayable in 60 EMI
Sanctioning powers Rs.200000/- -Irrespective of the scale. In case of RO/HO
serviced files, proposal to be submitted to RO/HO as the case
may be.
Operational 1. Quotation to be obtained from Selco Solar lights Pvt. Ltd
Guidelines along with necessary Loan Application from the
applicant/KYC documents/ Surety, wherever applicable.
2. The company shall provide the borrower with a valid and
current Quotation for solar equipment/system the
borrower desires to purchase. The quoted price of the
system shall include the cost of maintenance of the system
for a period of one year [ i.e., the company shall not charge
for maintenance/service for one year from the date of
installation].
3. Direct release to be made in favor of Selco Solar Lights Pvt.
Ltd by way of NEFT/RTGS by loan proceeds, along with
margin money.
4. Branch officials to verify the installation and confirm the
same by placing required Inspection Report(KA-88).
5. All other lending norms of MSME loan shall be
scrupulously followed.

32
 VIKAS GRIHA SNEHI

SCHEME FOR SETTING OF THE MODULAR KITCHEN

Sl. Particulars Details

1 Purpose For installation of the Modular Kitchen. Loan has to be arranged in
the name of women, if the house is in their name only OR along
with spouse in whose name the house is existing.
2 Eligibility All women customers who have independent income with minimum
of Rs. 2.00 lakh and above p.a. or jointly with her spouse if they do
not have independent incomes.
Customer who have availed housing loan with other financial
institutions also eligible subject to the regularity of the said
accounts.
3 Quantum of Loan component shall be Minimum of Rs. 1.00 lakh and maximum
Loan of Rs. 2.00 lakh
4 Margin 15% on unit cost
5 Disbursement Direct and Specific
6 Repayment Repayment not more than 84 months (type of repayment as
Period applicable to existing housing Loan), without any moratorium
period and to synchronize with Housing Loan repayment maturity
period if availed through our Bank.
7 Security Either of
1. Continuation of the existing mortgage house – if the loan is
availed through our Bank or
2. Hypothecation of the modular Kitchen to be purchased - if
the applicants have availed housing loans from other Bank –
NOC to be obtained. The person in whose name the house
property is existing shall join the transaction as co-borrower.

8 Guarantor NO surety / Guarantor is required. However the owner of the house

along with the female member as stated above to join the loan
transaction as Co-borrower.
9 Loan Forms PHL application in KA-56, Process Note in KA-59 along with KA-
& Documents 64R, KA-107. Loan document KA-24, KA-33.

33
 VIKAS MAHILA SNEHI

SCHEME FOR PURCHASE OF FOUR WHEELER/TWO WHEELER BY WOMEN CUSTOMERS

Sl. Particulars Details

Target Existing / New women customers who are self-employed /
Group Salaried
Purpose To purchase four wheelers / Two Wheelers vehicle for professional /
2
personal use
Applicants with independent income sources with income proof – IT
3
Eligibility returns compulsorily to be obtained.
Applicants should have valid DRIVING LICENCE.
Loan Up to 80% of the ex-show room price evidenced by quotation from
Amount dealers. (Cost may include, Registration cost, road tax etc., extra
4
fittings should not exceed Rs. 10000/- for 4 wheelers & Rs.1000/- for
2 wheelers) subject to cut-back norms of 50%.
5 Margin 20%
6 Security Hypothecation of the vehicle purchased out of Bank loan.
7 Collateral Collateral security is not required irrespective of loan amount.
8 Guarantor Third party co-obligation.
Repayment Loan shall be repaid in 60 monthly installments. Auto debit from the
SB a/c should be insisted / ensured. In case of salaried persons who
9
are drawing salary from other Banks, PDC of 10 cheques be obtained
towards the recovery of the dues.
All other norms such as obtaining of driving license, RTO forms,
10 Others receipts, RC Extract, 2nd set of keys, insurance cover etc., has to be
followed scrupulously.

34
 DRIP IRRIGATION FACILITY FOR SUGAR CANE CULTIVATION

Sl Particulars Details
1 Target Group Agriculturist who is having irrigated land & regular water
source
2 Purpose Installation of drip irrigation unit for sugar cane cultivation
3 Eligibility Existing /new customer
4 Quantum of 75% project cost ORRs 35000 per acre OR as per NABARD
Finance unit cost, whichever is lower.
5 Margin 25% project cost
6 Security a) Hypothecation of the drip irrigation unit.
b) Charge Creation OR mortgage of agricultural land as per
existing guidelines.
7 Release Directly to the installing agency along with margin money.
8 Surety / Co- Solvent third party / ies with sufficient net worth acceptable to
obligant the Bank.
9 Repayment 7 yearly installments

35
 “VIKAS SAATHI SCHEME” - MOBILE VAN FOR DEALERS AND TRADERS

Sl Particulars Details
1 Target Group Traders, Distributors & Goods suppliers
2 Purpose To purchase 3 or 4 wheeler for transportation of goods
3 Eligibility  An individual or a firm having valid trade license/GST No
desirous of owning transport vehicle for carrying goods.
 Should hold valid driving license or engage driver possessing
valid license to operate the type of vehicle for which credit is
sought.
4 Quantum of 80% of on road price of the vehicle (inclusive of Insurance, Road
Finance Tax, Registration charges & accessories limited to maximum of
Rs.10000/-) with a maximum of Rs.25 lakhs.
5 Income proof Latest IT return
6 Cut back 50%
7 Margin 20%
8 Security In case of loan up to Rs.5.00 lakhs  Hypothecation of Vehicle
In Case of loan above Rs.5.00 lakhs Hypothecation of Vehicle and
Collateral Security by way of Mortgage of Non-Agriculture
property/ NSC, KVP, Deposits, LIC policies valued not less than
25% of loan amount.
9 Release Directly to the dealer along with margin money.
10 Surety / Co Solvent third party / ies with sufficient net worth acceptable to the
obligant Bank shall be obtained.
11 Repayment Repayable in 84 EMI
12 Other conditions a. Remit the loan proceeds along with margin money directly to
the dealer through DD/NEFT/RTGS.
b. Vehicle shall be comprehensively insured for all risks with
one of the approved insurance companies, duly noting our
Bank clause and ensure the yearly renewal of vehicle
insurance well within the due date of expiry of the insurance
policy.
c. Get stamped sale certificate, original tax invoice & delivery
note (KA-13) from the dealer and to be kept in record.
d. Obtain blank RTO forms26, 29, 30 and 35 duly signed by the
party, in triplicate
e. Our Bank’s name shall be got painted on the vehicle without
fail.

36
 VIKAS GRIHA FLEXI SCHEME - HOUSING LOAN OVERDRAFT

Sl Particulars Details
1 Target Group Existing customer of our bank who have availed Housing loan.
2 Purpose Maintenance of existing house & to meet domestic needs.
3 Eligibility Existing customer of our bank who have availed Housing loan which
is still outstanding and submitted completion certificate with
satisfactory repayment in last 12 months.
4 Quantum of Based on value as per latest valuation report of residential property
Finance after deduction of existing liabilities along with applicable margin on
the said property. 50% of residual value of the residential property
subject to maximum of Rs.5 lakh.
5 Margin Minimum 50% of residual value of the residential property.
6 Security a) Continuation of the existing mortgage if the total of existing
liability under HL and proposed OD limit under present scheme
is within the amount of the existing mortgage amount.
b) Additional mortgage, if the total of existing liability under HL and
proposed OD limit under present scheme exceeds the amount of
the existing mortgage amount.
7 Release Operative account

8 Surety / Co Not mandatory

obligant
9 Repayment To be renewed annually and interest to be serviced monthly. In case
of salaried persons the limit has to be closed before the date of
superannuation of the primary borrower and in other cases the limit
has to be closed before the age of 70 years of age of the primary
borrower, or before closure of existing housing loan account.
10 Income proof As applicable to VikasGriha Scheme.
11 Cut back In case of salaried persons 60% & for others 50%

37
VIKAS GRIHALANKAR SCHEME- LOANS TO INTERIOR DECORATION OF RESIDENTIAL
HOUSE

Sl Particulars Details

1 Target Group Existing customers of our bank owning good residential houseOR
New customers, owning good residential house which is free from
any encumbrances.
2 Purpose Interior decoration of existing residential house/s
3 Eligibility  Existing customers of our bank who are having house /
availed Housing loan with satisfactory repayment in last 18
months subject to condition that the existing HL / other
liabilities is / are regular as on date.
 Existing Customers of our Bank who availed housing loan &
closed their Housing loan.
 Existing customers owning good residential house with age of
the building not more than 25 years and Minimum
remaining life of the building should be sufficient to cover the
repayment period of the loan with margin (Ex: If total
repayment period is 7 years, then remaining life of the house
should be at least 10 years).
 Other liabilities of the applicant should be regular.
 New customers, owning good residential house which is free
from any encumbrances.
4 Income proof a) Up to Rs.2 lakh loan under this scheme, IT Returns is not
mandatory. However, income proof / self-declaration along with
proof of income generating activity is essential. Branch has to
assess the correctness of the level of the income while appraising
the loan proposal.
b) For loan above Rs.2 lakh under this scheme IT return is
compulsory.
5 Cutback norms In case of salaried persons 60% & for others 50%
6 Quantum of
Finance Carpet area 30 60 90 120 150 >150
(Sq.mtr)
Loan amount 1 2 3 4 5 10
(Rs.) lakh lakh lakh lakh lakh lakh
7 Margin Minimum 25% of the estimation given by the qualified engineer.
8 Security Hypothecation of the assets/equipment’s to be purchased for
interior decoration of residential house. Mortgage/ Additional
Mortgage of House property
9 Release Release in 2 to 3 Installments. 1st release shall be after the
utilization margin money. Subsequent release shall be after
ensuring the end use of earlier released loan amount and obtaining
certificate from the engineer confirming the same along with
photographs of the building.
10 Surety / Co For loans up to Rs.25 lakhs third party guarantee/surety need not
obligant be obtained (Cir 104/2022). Loans above Rs.25 lakhs Solvent third
party / ies with sufficient net worth acceptable to the Bank shall be
obtained.
11 Repayment Loan shall be repayable in 60 to 84 months with maximum
gestation of 3 months. In case of salaried persons the repayment
38
period should not exceed the age of superannuation of the primary
borrower and in other cases it should not exceed age of 70 years of
primary borrower.

39
 VIKAS MITRA SCHEME– TWO WHEELER VEHICLE LOAN TO MILK VENDORS &
OTHERS

Sl Particulars Details
1 Target Group Permanent residents of the command area of the branch
engaged in following activities  Milk vending, Masonry,
Mechanics, repairers or any other skilled workers.
2 Purpose To purchase 2 wheeler to support the existing income generating
activity.
3 Eligibility The borrower should possess valid driving license. Branches
shall ascertain credit worthiness of the business & repaying
capacity of the borrower.
4 Quantum of 80% of on road price of the vehicle (inclusive of Insurance, Road
Finance Tax, Registration charges & accessories limited to maximum of
Rs.5000/-) or Rs.1 lakh, whichever is less.
5 Margin 20%
6 Security Hypothecation of Vehicle
7 Release Directly to the dealer along with margin money
8 Surety / Co Solvent third party / ieswith sufficient net worth acceptable to
obligant the Bank shall be obtained.
9 Repayment Repayable in 60 EMI
10 Sanctioning As per MDP under Personal vehicle loan scheme
powers
11 Other conditions a. Vehicle shall be comprehensively insured for all risks
with one of the approved insurance companies, duly
noting our Bank clause and ensure the yearly renewal
of vehicle insurance well within the due date of expiry of
the insurance policy.
b. Get stamped sale certificate, original tax invoice &
delivery note (KA-13) from the dealer and to be kept in
record.
c. Obtain blank RTO forms 26, 29, 30 and 35 duly signed
by the party, in triplicate
d. Vehicle shall be driven by only those who are
possessing valid driving license.

40
 VIKAS VIDYUT VAHANA- Two wheeler vehicle loan to purchase Electric Scooters

Sl Particulars Details
1 Eligibility Individual borrowers- who are permanent residents of the
command area of the branch (i.e, there should be house in the
name of the borrower or in the name of family members in the
command area of the branch). Branch shall properly assess
net worth and repaying capacity of the borrower.
2 Purpose To Purchase new electric scooter
3 Quantum of Finance 75% of the project cost (cost of the vehicle + applicable
insurance premium for 3 years, with total premium not more
than Rs.3000/-)
4 Margin 25%
5 Cut back 50%
6 Security Hypothecation of Vehicle
7 Release Directly to the dealer along with margin money.
8 Surety / Co obligant Solvent third party surety with sufficient net worth acceptable
to Bank.
9 Repayment Repayable in 36 to 60 EMI
10 Release &Other f. Remit the loan proceeds directly along with margin money
conditions to the Dealer through DD/NEFT.
g. Obtain original tax invoice and confirmation of delivery
note (KA-13) from the Dealer.
h. Hypothecated vehicle shall be inspected at regular
periodical intervals, placing such reports (KA 67) ensuring
end utilization of the loan.
i. Our Bank’s name shall be got painted on the vehicle
without fail.

41
 VIKAS KISAN OVERDRAFT

Details Guidelines

No
1 Name of the VikasKisan Overdraft
Product
2 Target Group Existing customers of the bank comprising of individual farmers /
joint borrowers, who are owner cultivators and / or engaged in
allied activities and having at least one year of dealings with our
bank. The applicant / borrower should not be a defaulter to any
other financial institution.
3 Purpose The facility would be in the form of a working capital overdraft limit
to enable the farmer to meet:
 Expenses under farm sector comprising of allied activities,
repairs, replacements and maintenance of farm machinery
and equipment, repairs / improvements of developmental
nature, replacement of draught animals, bullock carts, etc.,
 Consumption needs and obligations.
 Repayment of genuine private debt etc. The private debts
should be for farm related investments and expenses
towards the family’s urgent needs.
Activities already covered under existing KCC or any other existing
agricultural loan granted to the borrower will not form part of
assessment of fresh OD limit. This facility should not be granted for
meeting crop cultivation expenses.
4 Loan The following criteria is applicable for arriving at the quantum of
Quantum finance:
 Four times the gross annual income,
 Ceiling on finance per acre of land mortgaged: Rs. 1.50 lakh per
acre (for irrigated land) and Rs.1.00 lakh per acre (for non-
irrigated land), subject to 50% of the available residual value of
the landed property mortgaged/proposed to be mortgaged.
The overdraft facility shall however be subject to a maximum
ceiling of Rs.12.50 lakhs per borrower / joint
borrower.Nooverdrawal should be allowed in the account under any
circumstances.
5 Margin 15-25 %
6 Assessment of Sub-limit for each activity segment shall be assessed based on the
Sub-limits purpose. The table for assessment of sub-limit is furnished in
Annexure-II of circular 250/2020.
7 Tenure Tenure of two years, with annual review. The limit can be renewed
at the end of two years subject to satisfactory conduct of the
account.
8 Repayment The limit would be in the nature of revolving OD and provide for
any number of withdrawals and repayments within the limit. The
overdraft account shall be operated briskly and should be brought
to credit at least once in a year.
9 Operations Borrowers will be issued cheque books and Debit cards to facilitate
easy withdrawal. Issue and operation through ATMs shall be as per
the extant guidelines of the bank. Debit card should be issued for
individual accounts only.
10 Documentatio As per extant guidelines of Agriculture finance, including mortgage
n documents.

42
11 Security Mortgage of agricultural land where, the residual value as per the
latest valuation reportisat least 200% of proposed overdraft limit,
irrespective of the limit.
Supplementary legal opinion, latest EC and fresh valuation report
of the property mortgaged / to be mortgaged as notified by the
office of the relevant taluk Sub-Registrar should be obtained
before sanction of the facility.
When further limits/loans are to be granted in future to the same
borrower/s who have availed the VikasKisan overdraft credit
facility, it has to be ensured that there is no dilution in the
security(200% for VikasKisan overdraft). In such cases, fresh
security by way of mortgage of additional properties is to be
brought in. Alternatively, the VikasKisan overdraft limit has to be
reduced to 50% of the extent of the residual security available
taking into account the fresh credit facility to be granted.
12 Guarantor Credit worthy guarantor with good net worth and acceptable to the
bank
13 Other a) Agri-DL borrowers are not eligible for VikasKisan Overdraft
Conditions facility.
b) Bills and vouchers need not be insisted for any expenses
included for assessment. But branch has to ensure that
estimate of repair /replacement shall be genuine in nature.
c) Valuation of the property shall be as per the valuation
report/certificate provided by Sub-registrar’s Office of
respective talukas or from Kaveri portal
d) Sanctioning loan with low credit score is allowed only if the
reason for low score is due with our bank and the accounts
are currently closed.
e) While sanctioning per party limit and Kisan OD limit should
be adhered.

43
 CREDIT FACILITY FOR WOMEN ENTREPRENEURS-

VIKAS ASHA

No Details Scheme guidelines

1 Purpose To meet business related needs including purchase/ construction of
business premises, purchase of machinery/equipment/vehicle and
also working capital requirements under Micro and Small Enterprises
including Retail Trade.
2 Eligibility Individuals, Proprietorship concern, Partnership firm, LLP, Corporate
bodies (In case of Partnership Firm, the majority of partners should
be women and in case of Companies the management should be
controlled by the Women)
1. Existing customers with satisfactory track record (both conduct of
account and financials of the applicant unit shall be satisfactory)
2. New customers subject to satisfactory dealings with their existing
bankers, if any.
3. New units subject to satisfactory market opinion on the promoters
and prospects of the project/business proposed
3 Nature of credit Term loan and/or Working capital by way of Overdraft facility
facility
4 Quantum of Up to Rs.10.00 lakhs only. In case of existing satisfactorily running
finance units, the amount of Rs.10.00 lakhs shall be in addition to the
existing exposure.
5 Security I. Primary Security:
Hypothecation of assets created out of Bank finance / hypothecation
of paid stocks / book debts.
II. Collateral Security:
i. If covered under CGTMSE, no collateral security shall be
obtained.
ii. If not covered under CGTMSE, collateral security by way of
Mortgage of non-agricultural property / lien on NSC/KVP,
Deposits, assignment of LIC policies / hypothecation of
vehicles, totally valued not less than 20% of existing and
proposed credit facility.
(No CGTMSE coverage for credit facility sanctioned under Retail
Trade activity)
6 Margin The primary security coverage ratio should be a minimum of 125%.
7 Guarantee In case the credit facility is not covered under CGTMSE, third party
guarantee acceptable to the Bank having net worth of at least equal
to the loan amount shall be obtained.
8 Disbursement 1. For Working Capital- Running limit
2. For Term Loan- Disbursement against
invoice/bills/vouchers/quotation directly to the vendor/supplier.
In case of construction of business premises, amount has to be
released in stages as per progress of construction.
9 Repayment 1. Working Capital limit - Annual review of the account
2. Term loan - Equated monthly instalments up to 84 months
including moratorium of up to 6 months. However, in case of
construction of business premises, the moratorium can be
extended up to a maximum of 12 months.

44
10 Insurance Charged securities should be comprehensively insured with bank
clause
11 Submission of Monthly (DP shall be fixed based on level of stock / book debts on
stock monthly basis)
12 Other 1. If in case working capital and term loan are financed together
Guidelines/ under this product, total credit facilities excluding existing
Conditions exposure, if any should not exceed Rs.10.00 lakhs.
2. Compliance of takeover norms (in case of takeover), conduct of
project appraisal in case of Term Loan, monitoring of accounts
and follow up as per extant guidelines must be ensured.
3. In case the value of primary security in the form of NA land and
building is more than 133% of the total per party credit exposure,
apart from other primary security with 25% margin, collateral
security need not be insisted upon.
4. All statutory requirements/licenses to be obtained from
concerned statutory authorities wherever applicable (trade
license, udyogadhaar, IT Return etc.).
5. Bank’s hypothecation charge to be noted in RC with RTO for
vehicles, if any.
6. Traders are also eligible to cover under CGTMSE.

45
 SCHEME FOR FINANCING FOR HARVESTING & TRANSPORTATION CONTRACTORS
UNDER TIE-UP ARRANGEMENT WITH SUGAR FACTORIES

Sl no Details Guidelines
1 AmountofLoan Maximum 10.00lakhpercontractor.
2 Type/Duration ShortTermLoan, 12monthsduration.
3 Margin Minimum20%
Sanctioninga Branch Managers irrespective of their cadre are delegated
4 uthority sanctioning powers of Rs.10 lakhs per contractor.
Which has to be reviewed at RO and to be taken note by Regional
Managers
5 Release To the SBA/c of the contractor preferably in2-3/convenient
instalments as perrequirement.Authorization letter issued by
the Sugar Factory is a must for releasing the amount.
6 Security A single Corporate Guarantee involving the names of the
contractors for fullvalue of loan amount with company seal &
signature of authorized persons of Sugarfactory with adequate
stamp duty as per State Act.
Tripartite Agreement between Contractors, Bank & Sugar
Factoryby Authorized Signatories, containing a clause &
undertaking from Sugar Factory to make payment directly to
Bank for individual loans to be obtained.
Charge on asset of the Sugar Factory through ROC to be created
for full value of the loan amount.
8 Classification Priority Sector-Agriculture
9 Repayment Loan may be repaid proportionately out of sugarcane bill
proceeds (ratio of amount released to total payable) in each
Stage of release to the respective H&T contractor. Entire loan
shall be closed within12 months of first release.
10 Calculation/fix Shall be worked out on average cost per MT basis for meeting
ingofquantuml Harvesting & Transportation expenses as estimated by the sugar
oan factory and approved by RO.
11 Other a) These loans shall be arranged only in branches identified
conditions by ROs.
b) A draft of tripartite agreement/MOU to be entered into
between the Sugar Factory, Bank and the contractor as
per annexure - II shall be got vetted by the RO Retainer.
c) Recommendation letter (Annexure-III), contractors details
(Annexure-IV), signature attestation (Annexure-VI) from
sugar Factory shall be obtained before sanction

46
 VIKAS SABALA
LOAN TO SELF HELP GROUPS
Sl Particulars Details
1 Eligibility a) The group, which may be registered or un-registered, should
have minimum 10 members and maximum 20 members for the
linking activities.
b) The group should have been in active existence for at least a
period of six months.
c) The group should have successfully undertaken savings and
credit operations from its own resources.
d) Democratic working of the group wherein all members feel that
they have a say should be evident. The group should be
maintaining proper accounts/ records.
e) The branch should be convinced that the group has not come
into existence only for the sake of participation in the project
and availing benefits there under. There should be a genuine
need to help each other and work together among the members.
f) The SHGs members should preferably have homogeneous
background and interest. It would be prudent to select SHGs
only from a smaller geographical area so as to provide effective
guidance and exercise proper supervision.
g) The SHG should have adopted a system of meeting at a regular
interval of once in a week/ once in fortnight to discuss and
decide various issues pertaining to the group.
2 Purpose of a) The purpose for which the group will lend to the members
loan should be left to the common wisdom of the group.
b) SHG should be strongly encouraged to use loans for productive
purposes. However internal savings of SHG may be made use for
meeting emergent needs of its members.
3 Quantum To begin with, branch may sanction loans to SHG which is upto two
of Loan times the savings of the SHG. This ratio can be increased to
maximum of 1: 6 as the branch gains greater confidence in the
SHG.
4 Margin Nil
5 Security No security. Wherever possible charge on house/lands owned by
members to be created.
6 Guarantor a) For loans above Rs.3.00 lakh one 3rd party guarantor acceptable
to the bank.
b) In case of loans under NRLM, 3rd party guarantee has to be
obtained if the loan amount is more than Rs.10.00 lakh.
7 Repayment Repayable in maximum of 60 EMI or in 5years.
8 Other a) Grading of SHG is compulsory before credit linkage.
Conditions b) Branches are advised not to use any withdrawal slips (internal
cheque/ slips for payment at the counter) for payment from SB
account of the group. Branch may direct all the groups to use
their cheque books duly signed by their authorised signatories
for all type of withdrawals from their SB accounts.
c) For credit linkage of the group, obtain a copy of resolution duly
signed by all the members of the group including office bearers
specifically authorizing all the existing Joint Signatories (with
due attestation of their signatures) of the group to sign all the
loan papers/ documents jointly on behalf of the concerned
group.
d) Overdraft facility may be sanctioned by adhering to above norms
as well as extant guidelines.

47
 VIKAS NIRANTARA

DEMAND LOAN TO NIRANTARA DEPOSITORS

Sl Particulars Details
1 Purpose Any genuine credit requirements of Nirantara depositors to meet
any contingencies.
2 Eligibility Should be a regular contributor to Nirantara Deposit Account
outstanding for the last 18 months. However, the existing
Nirantara Deposit A/c need not be of 18 months old & the period
of previous daily collection deposit account also is taken in to
consideration in computing the eligibility. However, the applicant
has been our customer for the last 3 years. Any proposals outside
this guideline shall be referred to RO, only in exceptional cases.
3 Quantum of 3 time of Nirantara Deposit balance subject to a maximum of
Loan Rs.1.50 lakh.
4 Security Lien on existing ND Account
5 Guarantor A good creditworthy customer acceptable to the bank.
7 Repayment Repayable in not exceeding 35 EMI or before the maturity of the
ND account whichever is earlier.
8 Other  Contribution toward ND A/c shall be continued and
Conditions repayment towards loan shall be regular.
 Proceeds of Nirantara Deposit maturing during the
currency of the loan account shall be adjusted to loan
account in full and excess if any, to be refunded.
 Nirantara Deposit account shall be free from any lien while
considering the facility under the scheme and lien shall be
noted on Nirantara Deposit account in all cases and no LD
shall be arranged during the tenure of the loan. Refunds
may be permitted (Subject to rules) only for the closure of
the loan accounts in full settlement of DL availed against
ND.
 If LD/ODD is already arranged on the Nirantara Deposit,
the option shall be given to the depositor to avail loan
under the above schemes in cancellation of existing
LD/ODD subject to eligibility otherwise under the Scheme.
 Due care should be exercised regarding credit worthiness
and repayment capacity of the borrowers.
 The borrowers should be advised to repay the loan
installments directly to the loan account.

48
 VIKAS GENERAL CREDIT CARD (VGCC)
Sl. Particulars Details
1 Purpose All Individual entrepreneurial activities under non-farm sector for
working capital requirement of Micro & Small Entrepreneurs
2 Nature of Working Capital limit as per the Credit Policy and Risk Assessment on
Credit case to case basis.
Facility
3 Eligibility i. The Applicant should be credit worthy customers of Rural/Semi-
Urban/Urban branches of the bank and having definite income
source.
ii. They should not be defaulter to any financial institution.
iii. Women customers who are engaged in income generating activities
having identifiable source of income may be given special preference
while implementing the scheme.
iv. All non- farm entrepreneurial credit extended to individuals of small
means, which are eligible for classification for coverage under
priority sector guidelines.
4 Quantum of There will be no ceiling on loan amount as long as the loan is for the
loan purpose of non-farm entrepreneurial activity.

However, the limit should be fixed on the basis of risk assessment on

case to case basis following all the guidelines relating to sanctioning of
overdraft limits for working capital requirement.
5 Margin Up to Rs.50,000/- -15%
Above Rs.50,000/- -25%
6 CGTMSE Eligible activities are to be covered under CGTMSE. If the credit
facility is going to be covered under CGTMSE, collateral security
and 3rd party guarantee not to be obtained.
7 Security Hypothecation of stock / assets, Mortgage of Land/Building ( Primary
Security)
8 Collateral a) For Loans above Rs.0.50 lakh &upto Rs.2.00 lakh: Collateral
Security Security by way of mortgage / charge on NA property / NSC, KVP,
( For loans Deposits, LIC policies / Vehicles valued not less than 25% of loan
not covered amount in addition to primary security.
under b) For Loans above Rs.2.00 lakh and upto Rs.10.00 lakh:
CGTMSE) CollateralSecurity by way of Mortgage of Non-Agriculture property/
NSC, KVP, Deposits, LIC policies / Vehicles valued not less than
50% of loan amount in addition to primary security.
c) For Loans above Rs.10.00 lakh: CollateralSecurity by way of
Mortgage of Non-Agriculture property/ NSC, KVP, Deposits, LIC
policies / Vehicles valued not less than 100% of loan amount in
addition to primary security.
d) However, in case of loans to traders, if the value of primary security
in the form of NA land and building is more than 133% of the loan
amount apart from hypothecated stock in trade with 25% margin
then collateral security need not be insisted.
09 Guarantor Third party guarantee shall be obtained for loans/VGCC limits not
covered under CGTMSE
10 Insurance Insurance of hypothecated assets and building taken as security to the
loan is compulsory
11 Validity / The Limit is valid for 3 years subject to yearly renewal.
renewal

49
 VIKAS KISAN SAMRUDDI CREDIT CARD (VKSCC) SHORT TERM LOAN

Sl. Particulars Details

1 Purpose To meet out the expenses of Short Term Crop Production, post-
harvest expenses, farm asset maintenance, insurance and
Consumption needs.
2 Eligibility All the farmers including Tenant Farmers, Oral lessees, Share
Croppers, SHGs, JLGs,
3 Quantum of [a] As per Scale of finance for the crop (as decided by District
Loan Level Technical Committee) x Extent of area cultivated + [b]10%
of limit towards post-harvest / household / consumption
requirements + [c] 20% of limit towards repairs and maintenance
expenses of farm assets + [d] crop insurance, PAIS & asset insurance.

First year limit for crop cultivation purpose arrived at as above. For
successive years (2nd, 3rd, 4th and 5th year) i.e. for next four years
additional 10% of the previous year’s limit towards cost escalation /
increase in scale of finance has to be allowed.
4 Application & Loan application & Documentation has to be done for 5th year limit
Documentati arrived as per Point No. 4 above.
on
5 Disbursemen Operations through withdrawal at branch, operations using Cheque
t facility & operation through ATM up to the limit fixed for the
respective year.
6 Validity / The VikasKisanSamrudhi Credit Card is valid for 5 years subject to a
Renewal revival before due date prescribed for each year. If limit is not
renewed within 3 years, AOD is to be obtained within 3 years from
the date of documents in order to keep the documents alive.
7 Rate of At present during Interest Subvention period i.e. upto due date or
Interest upto one year whichever is earlier: Upto Rs.3.00 lakh 7%.
8 Repayment The repayment period may be fixed as per the anticipated harvesting
Period and marketing period for the crops for which a loan has been
granted. However, as VKSCC is normally being issued to meet the
financial requirement for raising crops in Kharif, Rabi & Summer
seasons, the repayment period may be fixed not exceeding one year
from the date of disbursement.
9 Margin For crop loans, no separate margin need be insisted as the Margin is
in-built while fixing the Scales of Finance.
10 Security & Upto Rs.1.60 lakhs- Hypothecation of crops, margin and guarantor
Guarantor requirements are waived.
Above Rs.1.60 lakhs to Rs.2 lakhs- Hypothecation of crop, CC on
land (legal opinion not required) and third party guarantee need not
be insisted.
Above Rs.2 lakhs to Rs.2.50lakhs- Hypothecation of crop, CC on
land (legal opinion not required) and third party guarantee acceptable
to Bank.
Above Rs.2.5 lakhs- Hypothecation of crop, Mortgage on agri land
(legal opinion compulsory), third party guarantee.
11 Crop Crop Insurance is compulsory if the VKSCC is granted for Notified
Insurance Crop/s in Notified Area. If customer does not want to avail insurance
facility, OPT OUT form should be obtained from the borrower
12 PAIS Coverage of farmers under PAIS is made OPTIONAL to them. Hence a
letter to this effect should be obtained from the borrower/s along
with loan application.

50
51
 VIKAS RAITA MITRA TRACTOR YOJANE
A SCHEME FOR FINANCING FARM MECHANIZATION
1 Purpose Financing for purchase of New Tractor/s, Second Hand Tractors
(Not more than 3 years old), Power Tiller, Other Farm
Equipment’s& Repair / Replacement of Spare parts.
2 Eligibility Farmers holding a minimum of 6 acres of perennial irrigated land
or 15 acres of dry land in individual or in joint capacities.
3 Other The beneficiary should purchase along with the tractor a minimum
Conditions of three implements including a trailer unless beneficiary already
owns the implements at the time of purchase of tractor.

Before considering the proposal One should ensure that tractor will
normally work for about 800 to 1000 hours and power tiller woks
for 400 to 600 hours in a year both for on farm and off farm
purposes.

Theeconomic viability of the project should be worked out by taking

into consideration of income and expenditure details .The
economics should indicate the incremental farm income and
income from hiring the tractor. The expenditure should include
maintenance cost of tractor / power tiller, interest on term
investment, depreciation, insurance cost etc. Application shall be
appraised on a case-by-case basis, in terms of incremental income
from the proposed investment including income from custom
services i.e., by hiring.In case of 2nd Brand New Tractor to be
financed the same may be considered only after recovery of at least
60% in earlier Tractor loan amount.

4 Area of Service Area villages of the Branch and villages within a radius of
operation 30 KMs, where serving of loan is manageable.
5 2nd Hand a) 2nd Hand Tractor should not be more than 3 years old.
Tractor/Repai b) The tractor finance for repairs should be more than 2 years old
rs but should not be more than 4 years old.
6 Loan amount a) For New Tractors: 75% of the quotation value.
b) For 2nd Hand Tractors: 50% of the valuation or purchase
value whichever is less.
c) For Repairs: 70% of cost of repairs/replacement of parts or
Rs.50000/- whichever is less.
7 Margin For New Tractors / Power Tillers: 25%
For 2 Hand Tractors:
nd 50%
For Repairs: 30%
9 Security a) For Loans up to Rs.2.00 lakh: Hypothecation of Vehicle
/Equipment / Accessories and Charge Creation on lands.
b) For Loans above Rs.2.00 lakh: I) Hypothecation of Vehicle /
Equipment /Accessories ii) Legal opinion &Mortgage of lands.
10 Guarantor One Credit worthy guarantor.
11 Repayment a) For New Tractors: Maximum 9 years
b) For 2nd Hand Tractors: Maximum 7 years subject to
remaining economic life of the tractor.
c) For Power Tillers : Maximum of 7 years
d) For repairs/replacement: Maximum 5 years subject to
remaining economic life of the tractor

52
 VIKAS KRISHI SAMRUDDHI
(INTEGRATED FARMING SYSTEM)

Sl. Particulars Details

1 Product Code 6236-1601
2 Purpose Financial assistance for integration of various agricultural
enterprises viz., farm ponds, animal husbandry, poultry, fishery,
forestry for increasing the family labour employment and
supplement the income of small and marginal farmers.
3 Eligibility Any farmer or an entrepreneur who owns agricultural land and
interested in the Integrated Farming system for generating alternate
source of income from the available land throughout the year, by
selecting the activities discussed above in composite/combination.
Construction of Farm Pond is must under this scheme.
4 Quantum of 90% of the project cost. Minimum Rs.1.00 lakh and maximum
Loan Rs.2.00 lakh.
5 Margin 10% of the project cost.
6 Disbursement In stages as per the requirements under various components.
7 Security a) Up to Rs.50000/-: Hypothecation of Movable Assets created, if
any, out of the Bank loan.
b) Above Rs.50000/- &up to Rs.2.00 lakh: /-: Hypothecation of
Movable Assets created, if any, out of the Bank loan and Charge
creation on lands.
8 Guarantor Third Party Guarantee / Surety acceptable to Bank.
9 Repayment Repayment of loan shall be 10 half yearly installments excluding
Period one year repayment holiday.

53
 VIKAS BHOOMI
LOAN TO AGRICULTURISTS FOR PURCHASE OF AGRICULTURAL LANDS

1 Purpose To purchase agricultural lands to make the small and marginal

holdings farmers economically viable. To finance the sharecroppers
/ tenant farmers to purchase land to enable them to increase their
income. The applicant may also purchase a waste land and develop
it for cultivation purpose immediately.
2 Eligibility • Small and marginal farmer’s i.e. those who would own maximum
of 2.50 acres of irrigated land or 5 acres of non-irrigated land
including the land to be purchased under thescheme.
• Share croppers / tenant farmers cultivating up to 2.50 acres of
irrigated land or 5 acres of non- irrigated land including the land
to be purchased under thescheme.
• Entrepreneurs with agricultural background provided the state
laws permit purchase of agricultural lands bynon-agriculturists.
• In all the above categories of eligible beneficiaries, the total land
holding of the borrower after the purchase of land under the
scheme should not exceed 2.50 acres of irrigated land or 5 acres
of non-irrigated land or itsequivalent.
3 Location of The applicant farmers may be encouraged to purchase the land at
Land for one place to the extent possible and in case of field level constraints
Purpose / problems, farmers may be allowed to purchase land within the
village boundary or in a radius of 3-5 Kms from the existing piece of
land owned by him / her, keeping in view of manageability of such
fragmented holding.
4 Purchase of With a view to encourage women to own land, which would lead to
land in the their empowerment, preference shall be given for purchase of land
name of by women especially women in distress, widows, SHG members etc.
women
5 Project cost & The project cost includes the cost of land, expenditure for
Quantum of development of land, stamp duty for registration and mortgage
Loan charges. The quantum of loan for purchase of land will be based on
value of land and other expenses. The quantum of loan in respect of
purchase of land shall be 90% of the value of the land or purchase
price whichever is lower. Loan for development will be excluding
requisite margin by the applicant. Maximum loan amount under
this scheme is Rs.10.00 lakh.
9 Valuation of For the purpose of valuation of land valuation certificate issued from
land sub register is to be obtained.
10 Margin Up to Rs.50000/- No margin and 10 % margin for loan above
Rs.50000/-
11 Security Obtaining of legal opinion & Mortgage of landed property is
compulsory.
12 Guarantor One creditworthy guarantor acceptable to the bank
13 Repayment Loan may be repaid 7-10 years in half yearly / yearly installments
including a maximum moratorium period of 24 months. The
moratorium period may be fixed taking into account the gestation
period of the project and cash flow.
14 Repaying The branches should satisfy themselves that the borrower would
capacity of have adequate income surpluses from their production activities on
borrower the land being purchased and other income to repay the bank loan
with interest and the repayment period may be fixed accordingly.

54
 VEHICLE LOAN TO AGRICULTURISTS
Sl Particulars Details
.
1 Eligibility Only those farmers whose direct and indirect liabilities are regular, who
are engaged in agriculture and allied activities exclusively and major
source of income is from this source
2 Purpose To Purchase Brand New 3/ 4 wheeler by agriculturist for transportation of
farminputs, farm products, Farm Management and Supervision, visit to
market yards, etc.
3 Quantum Maximum 75% of on road price (inclusive of insurance, Road Tax,
of Loan Registrationcharges & accessories restricted to maximum of Rs 20000/-) or
Rs. 20 lakhs whichever is lower.
4 Margin 25%
5 Minimum Sl Loan Amount Min. Land holding – Min.
Land . Irrigated Land
Holding Areca Grape, Other holding
nut coconut hortic –Rainfed
and ulture
sugarcane crops
i Up to Rs.5.00 lakh 1.20 3.00 5.00
ii Above Rs.5.00 lakh
2.20 5.00 7.20 Up to 25
&upto Rs.7.50 lakh
acres
iii Above Rs.7.50 lakh
3.20 7.00 9.20
&upto Rs.10.00 lakh
iv Above Rs.10.00 lakh 25 to 40
5.00 9.00 11.20
&upto Rs.15.00 lakh acres
v Above Rs.15.00 lakh more
&upto Rs.20.00 lakh 6.20 10.20 15.00 than 40
acres
9 Repayment Maximum period of 7 years, in yearly/half yearly instalments and the
period repayment should coincide with the harvesting/marketing of agricultural
produce
11 Security Irrespective of loan amount
1. Hypothecation of vehicle and accessories.
2. Charge creation on land for loans up to 2 lakh
3. Mortgage on Land above 2 lakh
12 Surety Third party guarantee/surety acceptable to Bank whose net worth is at
least equal to the loan amount.

55
 VIKAS SUVARNA/ LAGHU SUVARNA

LOAN AGAINST GOLD ORNAMENTS / JEWELS

Sl Particulars Details

1 Eligibility Agriculturist /Non agriculturists. They should be customers of the

Bank properly introduced.

2 Purpose of Term loan as well as Over Draft (OD) facility under the scheme may
loan be granted for all the purposes i.e. productive purpose and also for
Consumption purposes against pledge of Jewels / Gold
ornaments, Specially Minted Gold Coins (eligible up to 50 gms
per customer) sold by banks. (Other than bullions).

3 Quantum 70% / 75% of the market value (for agriculture/ non-agriculture

of Loan purpose, respectively) or Scale of Finance communicated by HO
from time to time whichever is less. The Loan to Value Ratio (LTV)
of 75% of market value shall be maintained throughout the tenure
of the loan.

Maximum amount stipulated for extending Gold Loan to the

following category is as under:

a) Gold Loans to Agriculturists : Rs.3.00 lakh per party

b) Gold Loans under Non-Priority Sector : Rs.10.00 lakh per

party

c) Gold Loans for Business purpose : Rs.20.00 lakh per

party

4 Security Pledge of Jewels.

5 Repayment a) Repayable within one year. Up to Rs.2.00 lakh only through

bullet repayment.

b) In case of Over Draft the limit shall be renewed before

completion of one year and got closed within 2 years from the
date of the loan.

6 Other a) All the Jewel loans up to credit limit of 2.00 lakh shall be
Conditions covered under Bullet Repayment Scheme only.

b) In view of the fluctuations in the gold rates, and as per the

observation by the central auditor, Jewel loans outstanding
beyond 15 months of sanction are to be classified as NPA.

c) The jewels should be got appraised by the jewel Appraiser at the

branch premises itself in front of the Manager and under no
circumstances the jewels should be sent to the jewel Appraiser’s
place for appraising.

d) Branches shall not allow JLs to continue beyond 18 months

under any circumstances.

e) When the principal, interest and all bank charges related to any

56
JL account are recovered in full, security/ies to the loan should
be retained as general lien of bank, if borrower owes to bank any
amount directly or indirectly, (i.e., as a borrower or surety /
guarantor) which is overdue and security to that loan is
insufficient, these securities should be retained till all dues
either of direct or indirect liabilities are paid in full.

57
 STALL FED GOAT/SHEEP REARING

Sl Particulars Details

1 Target Group Any interested experienced entrepreneur sufficientland for

undertaking Goat/Sheep farming activity with sufficient
source of water and fodder.
2 Purpose Composite loan for stall fed Goat/sheep rearing for unit size
of 25+1 (Does/Ewes: Buck/Rams) or 50+2.
3 Eligibility Existing /new customer
4 Quantum of 75 % project cost or 3 lakhs or 6 lakhs as the case may be
Finance (Cost of the Does/Ewes @ Rs 6000 per animal & cost of
Buck/Ram @ Rs 8000 per animal & including shed cost,
feed cost etc.,)
5 Margin 25%
6 Security Primary security in the form of hypothecation of animals,
equipmentsetc and mortgage of owned land and building
which are directly connected to the activity.
7 Rate of Interest 12.50% pa
8 Release After release for shed construction in stages, release for
animals in batchesas applicable and subsequent release after
confirming the utilisation of previous release.
9 Surety / Co Solvent third party / ieswith sufficient net worth acceptable
obligant to the Bank shall be obtained.
10 Repayment Repayable in 20 quarterly installments, after a gestation
period of 6 months i.e., 1st installment falling due on exactly
9 months from the date of 1st release. (total period 66
months)
At the time selling the goats/sheep, the 75% of sale proceeds
of the animals should be credited to the loan account.
11 Other Condition Goats/Sheep shall be comprehensively insured &ensure
the periodical renewal of animal insurance well within the
due date of expiry of the insurance policy, if any
previously insured goats/Sheeparepresent in the farm.

58
 MODEL DAIRY UNIT: 10+10

Sl Particulars Details

1 Target Group Any interested experienced entrepreneur who is having

minimum 1acre Agricultural land for fodder growing with
sufficient source of water at the place of dairy unit.
2 Purpose Composite loan for Growing/ rearing of Cows or
shebuffaloe unit size of 10+10 including cattle shed and
vehicle if needed.
3 Eligibility Existing /new customer
4 Quantum of Finance 75 % project cost or as per NABARD unit cost ,
whichever is lower
5 Margin 25% project cost
6 Security Primary security in the form of hypothecation of animals,
equipments, vehicles etc and mortgage of land and
building which are directly connected to the activity.
7 Release After release for shed construction in stages, release for
animalsin minimum two batches and subsequent release
after confirming the utilisation of previous release.
If the vehicle is sanctioned under the project, remit the
portion of vehicle amount directly to the dealer along with
margin money.
8 Surety / Co obligant Solvent third party / ieswith sufficient net worth
acceptable to the Bank.
9 Repayment 60 monthly installments after initial gestation period of 3
months(total period is 63 months).
10 Other Condition Animals shall be comprehensively insured &ensure the
periodical renewal of animal insurance well within the
due date of expiry of the insurance policy.
If the vehicle is sanctioned under the project, following
shall be ensured:
j. Vehicle shall be comprehensively insured for all
risks with one of the approved insurance companies,
duly noting our Bank clause and ensure the yearly
renewal of vehicle insurance well within the due
date of expiry of the insurance policy.
k. Get stamped sale certificate, original tax invoice &
delivery note (KA-13) from the dealer and to be
kept in record.
l. Obtain blank RTO forms 26, 29, 30 and 35 duly
signed by the party, in triplicate
m. Vehicle shall be registered as private/public carrier
with concerned RTO within 15 days of release of
the facility.
n. RC book (B extract) depicting hypothecation in
favor of the branch shall be obtained.
o. Vehicle shall be driven by only those who are
possessing valid driving license.

59
p. Our Bank’s name shall be got painted on the vehicle
without fail.
q. Hypothecated Vehicle shall be inspected at
periodical intervals & such reports should be kept
in file.
r. Tie up arrangement with milk societies wherever
possible.

60
 FINANCING TO LANDSCAPING WORK

Sl Particulars Details
1 Target Group High net worth individuals, High reputed
schools/Colleges, Hospitals & other institutions
2 Purpose The process of making a garden or other piece of land
more attractive by altering the existing design, adding
ornamental features, and planting trees and shrubs.
3 Eligibility High net worth individuals/ Institutions having
adequate repaying capacity.
4 Location of No restriction
property
5 Valuation of the Valuation of the property has to be obtained from the
property approved Bank’s panel valuator.
6 Income proof IT returns with audited reports (wherever applicable)
for the last three years shall be obtained.
7 Cut back 50% of the annual income.
8 Project report Project Report/Estimation should be prepared by a
qualified professional or architect or any authorized
person from Agricultural Science College /
Agricultural Department of Karnataka State.
9 Quantum of 75% of the Project cost. Min. Rs.5 lakh & Max: Rs.25
Finance lakh.
10 Margin 25%
11 Security Mortgage of commercial building where business
being conducted or any other security in the form of
land, building etc. The value of such collateral asset
should be 150% of the loan amount. If the primary
security / property is already mortgaged to any other
financial institution then second charge in favour of
our bank can be accepted subject to availability of
sufficient margin in the value of the property which is
being offered as security.
12 Release Releases in 3 to 4 stages. 1st release after confirming
the utilization of margin money. Subsequent release
after confirming the utilization of earlier release.
13 Surety / Co Solvent third party / ies with sufficient net worth
obligant acceptable to the Bank shall be obtained.
14 Repayment Repayable in quarterly installments, Total repayment
is 7 years excluding initial 3 months gestation (total
period is 87 months). 1stinstallment falling due on
exactly 6 months from the date of 1strelease.

61
 AGRI TOURISM

Sl Particulars Details

1 Target Group Progressive Farmers who are having sufficient

agricultural land with good source of water.

Agriculturists having Palm groves, Coconut groves,

Mango Orchard, Plantation trees, etc.,

2 Purpose To develop Agri farm for Tourism

3 Eligibility  Existing customer As well as New customer

 Branch should ensure the proper marketing tie

up for continuous inflow of tourists.

 Applicant should obtain necessary licenses from

the concerned authorities.

4 Quantum of Cost of the project is based on various factors like

Finance room capacity, area, facilities & pick up vehicles
etc.

75% of Project Cost

Minimum Rs.5.00 lakhs

5 Margin 25%

6 Security Mortgage of Property where the centre is to be

established along with Hypothecation of vehicle,
other equipments, if any, involved in the project.

7 Release As per requirement

8 Surety / Co Solvent third party / ies with sufficient net worth

obligant acceptable to the Bank shall be obtained.

9 Loan shall be repayable in monthly/Quarterly

based on project with maximum repayable period
Repayment of 84 months, excluding initial gestation period of 3
months.

62