Short Term Loans
The society was offering short term loans for the purpose of crop expenditure through Kisan Credit Card (KCC). . DCCB Eluru was giving KCC loan up to 2 lakhs,t with lower rate of interest.
The Society process the short term loan applications of the member borrowers in the follow manner:
- Farmer has to take application from the society
- Application form to be filled in by Village Revenue Officer (VRO) and has to submit to Society
- Declaration Bond to be registered in the sub-registrar office
- Encumbrance Certificates (EC) and legal opinion to be obtained
- Credit limit to be sanctioned
- After satisfied with legal procedures, loan will be sanctioned by District Cooperative Central Bank
- The amount will be released to the member borrower. The total time it takes will be from one month to three months depends on the case as fixing credit limit which is a big task..
Short Term Loans
(Rs. in lakhs)
| Years | Loans Outstanding | Loan Given | Recovered | % Of Recovery |
| 2010-11 | 775 | 868 | 703 | 87% |
| 2011-12 | 801 | 1,231 | 1205 | 88% |
| 2012-13 | 1020 | 1640 | 1421 | 90% |
| 2013-14 | 1213 | 1172 | 979 | 62% |
| 2014-15 | 1154 | 968 | 1027 | 86% |
| 2015-16 | 1287 | 1229 | 1096 | 87% |
| 2016-17 | 1405 | 1288 | 1170 | 90% |
| 2017-18 | 1731 | 1718 | 1392 | 91% |
| 2018-19 | 1959 | 1792 | 1564 | 82% |
| 2019-20 | 2116 | 2017 | 1860 | 85% |