Own Fund Loans

The Society was offering loans even from its own funds for the purpose of   fertilizer, pesticides etc., by way of coupon book according to eligibility.  The society was sanctioning up to Rs.20 lakhs as cash credit to its members. The Society process the 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 Loan Committee of the Society.
6. Amount will be released within 10 days