Long Term Loans

Long Term Loans

The Society was offering long term loans to its members for  digging of tube wells, purchase of submersible pumps, Tractors, Harvesters, Two wheelers, Sheep rearing, Land development,  House constructions, car loans etc.   The Society process the long term loan applications of the member borrowers in the follow manner:

  1. Farmer has to take application from society
  2. Application form to be filled in by Village Revenue Officer (VRO) and has to submit to Society
  3. Declaration Bond to be registered in sub registrar office
  4. Encumbrance Certificates (EC) and legal opinion to be obtained
  5. After satisfied with legal procedures, loan will be sanctioned by District Cooperative Central Bank.
  6. Amount will be released within 20 days.

Long Term Loans

(Rs. in lakhs)

Years Loans Outstanding Loan Given Recovered % Of Recovery
2010-11 314 58 86 69%
2011-12 326 100 88 70%
2012-13 443 210 93 67%
2013-14 640 233 36 54%
2014-15 650 133 123 72%
2015-16 642 116 124 84%
2016-17 699 167 110 80%
2017-18 883 322 196 81%
2018-19 1081 365 167 71%
2019-20 1112 276 245 71%
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