Sunday, December 16, 2012

AGRICULTURE LOAN


 KSHEERA SAMRUDHI LOAN
Type of
Type of loan                      :        Medium term loan –Agriculture. 
Method of Repayment      :          Non-EMI 
Purpose                             :        Agricultural allied Purpose
Eligibility Criteria               :          Individuals, SHG, Milk Societies, Clusters 
Scale of finance                :          Not applicable. 
Limit of loan                      :          300000. 
Margin                               :          10% 
Holiday period                   :          Nil 
Repayment period            :          60 Months. 
Rate of interest                 :          As per interest structure. 
Penal Interest                    :          2% for overdue installments. When the loan becomes fully overdue 2% of additional interest on contract rate is charged. 
Charges                            :          Nil 
Subsidy/Re-finance          :          Yes. 
Security                             :          Personal surety/ collateral security. 
Insurance policy for project amount in the joint name of bank should be submitted to bank.


LT AGRICULTURE LOAN – PIGGERY
Type of loan                      :          Loan term loan –Agriculture. 
Method of Repayment      :          Non-EMI 
Purpose                             :          Agricultural  allied Purpose 
Eligibility Criteria               :          Individuals 
Scale of finance                :          Not applicable. 
Limit of loan                      :          75% of project cost.
Margin                               :          25% 
Holiday period                   :          6 months 
Repayment period            :          84 Months. 
Rate of interest                 :          As per interest structure. 
Penal Interest                    :          2% for overdue installments. When the loan becomes Fully overdue 2% of additional interest on contract rate is Charged. 
Charges                            :          Nil 
Subsidy/Re-finance          :          Yes. 
Security                             :          collateral security. 
Insurance policy for project amount in the joint name of bank should be submitted to bank. 
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CLUSTERS
INTEGRATED COCONUT DEVELOPMENT SCHEME (ICDS)
“ A HELPING HAND OF KDC BANK TO THE COCONUT FARMERS OF
KOZHIKODE DISTRICT”
    
Coconut is the main livelihood support of farmers of Kozhikode district. It is cultivated in an area of 1.25 lakh Ha. of land as a pure crop. Earlier the farmers have practiced intercropping and mixed cropping along with dairy. But due to socio-economic problems the farmers have changed their attitude to grow coconut as a pure  crop. Due to the high labour cost prevailing in the area, various pests and diseases and scattered land holding not much care and management are given to coconut palms. Since the main source of income of the farmers is coconut cultivation, any reduction in the production of the coconut or the price of coconut directly affects the living standard of the farmers.
By adopting better management practices, intercropping and mixed farming coconut cultivation in the area can be improved  and per capita income got enhanced. The attitude of common farmers can be changed by intervention of the three tier Panchayath Raj Institutions and other agencies like Coconut Development Board, Department of Agriculture and Financial institutions. Hence this novel integrated project, being the first in the state of Kerala, is proposed to be implemented with the financial  assistance from the Kozhikode District-Co-operative Bank for the improvement of coconut cultivation on a ‘Cluster’ based approach with a view of upliftment of farming community.
Objective
 To increase the production of coconut by adopting better management practices.
 To reduce the cost of cultivation and to generate additional income through intercropping and mixed farming.
To improve the yield of coconut and intercrops by providing adequate irrigation facilities.
 To promote production, processing, storage and marketing of agricultural produce directly to the consumers by which the intermediaries can be wiped off from the marketing channel.
 To ensure adequate supply of planting materials and to popularize newly released high yielding varieties of coconut and other crops by starting a nursery in the area.To help to fetch higher price for coconut by providing facilities for value addition of coconut by establishing a copra-processing unit.
 To increase bargaining power of farmers by establishing a common collection center for coconut and other farm produces facilitating collective marketing.
 To establish Dairy and Poultry units in the area for better earnings and to provide quality organic manures from these units. Organically produced good quality eggs, meat and milk to the common people of the area at reasonable price can also be provided.
 By implementing all the production components, productivity can be boosted to its maximum from a unit area.
Major components of the Projects
  1. Production and decease management of coconut.
  2. Irrigation
  3. Copra processing
  4. Common collection centre
  5. Dairy unit
  6. Poultry unit
  7. Multiplication of planting materials
  8. Intercropping
Additional components can also be incorporated as per local needs according to technical feasibility, economic viability and availability of funds.
The estimated project cost is Rs. 14 lakhs per Cluster.
Mode of Implementation
In each Panchayath a compact area of 25 Ha. of land has to be selected by the Agricultural Officer in consultation with Grama, Block and Jilla Panchayath. Area should have immense water availability to establish an irrigation system. The beneficiaries should be ready to work in a self help group manner and avail loan from the nearby branch of KDC Bank. The entire farmers of the project area should be brought under the cluster. They should donate space for copra processing, irrigation system, dairy, poultry, common collection centre and multiplication of planting materials. The newly developed infrastructure will be a common asset for 10 years or till all dues are cleared. After that this will be handed over to the plot owner based on the common decision of the cluster.
For implementing the project, Agricultural Officer of the concerned Krishi Bhavan should form an ideal ‘Cluster’ in consultation with Grama. Block and Jilla Panchayath. After forming the Cluster, a detailed project should be prepared based on the discussion and suggestions of the Cluster and submitted to the Bank for sanction of loan. As soon as the loan sanctioned the subsidy amount will be passed to the Bank. The utilization of the above subsidy and the progress of the implementation will be closely watched by the monitoring committee constituted at Grama, Block and Jilla Panchayath levels.
100% of the project cost (Rs. 14 lakhs) will be disbursed as loan from the Bank at a nominal rate of interest. The subsidy amount of 50% of the project cost released by the District Panchayath will be credited to the beneficiary’s account as per the rules.
The entire 25 Ha. of land will be considered as a single unit in production, processing etc., and operations will be taken up collectively by the members of the group. In every 15 days Cluster committee will be convened by Agrl. Officer and the progress should be evaluated and communicated to the Bank and other implementing agencies.
Achievement:
So far 42 Clusters have been financed in the following panchayaths of Kozhikode District under Integrated coconut development scheme.

 Arikkulam
 Edacherry
 Balussery
 Moodadi
 Eramala
 Nanminda
 Chemancherry
 Mavoor
 Narippatta
 Chengottukave
 Peruvayal
 Kunnummal
 Kuttiadi
 Thiruvallur
 Beypore
 Velom
 Villiapally
 Karassery
 Kaykkodi
 Maniyoor
 Nadapuram
 Maruthonkara
 Kunnamangalam
 Ulliyeri
 Kavilumpara
 Ramanattukara
 Thalakulathur
 Unnikulam
 Elathur
 Chathamangalam
 Kottur
 Purameri
 Maniyur
 Kodanchery
 Narikkuni


FARMERS CLUB
We promote farmer's club through Primary Agricultural Credit Societies and also through our branches. Need based and schematic loans are available for income generating activities. For details, contact credit counselling centre or your nearest KDCB branch..

CASH CREDIT

CASH CREDIT
Individuals are allowed to avail this facility against the collateral security & personal surety. Individuals and Institutions have to become customer before availing this facility. Limit is sanctioned on the basis of value of collateral security & the repaying capacity of the applicant. Limit sanctioned for a period of one year  Interest on daily products basis

Penal interest @ 2% will be charged when the account becomes overdrawn (for the overdrawn amount only)

After the expiry of CC limit period 2% additional interest will be charged over the contract rate.

Interest debited on last day of every month

Withdrawals are allowed only through cheque book. 

Charges are applicable for this type of CC facility. Folio charge @ Rs-10 will be charged on this account once in a year on 31st of March.

Purpose: These types of loans are issued only for business purpose.

Customer has to submit three years balance sheet, profit and loss account, stock statement, project report.

Security: Mortgage of collateral security. Sanctioned Limit is restricted up to 50% of the value of collateral security 

Stock statement will be submitted before 5th of every succeeding month.

Drawing Power Limit (DPL) is restricted as 90% of stock value.(Option to change DPL at account level ).

Stock should be insured and the original policy shall be submitted to the bank.

Bank pays interest by applying SB interest rate in case of Cash Credit a/cs having a credit balance for the credit period by applying daily product method.

The customer is directed to make all the transactions relating to business through this account only.

In case of CCs issued for contractors limit is sanctioned on the basis of power of attorney received from the bill sanctioning authorities.


GOLDEN CASH CREDIT
Individuals are allowed to avail this facility against the gold ornaments pledged.
Individuals have to become customer before availing this facility.
Limit is sanctioned on the basis of value of gold pledged.
Limit sanctioned for a period of one year 
Interest on daily products basis
Penal interest @ 2% will be charged when the account becomes overdrawn (for the overdrawn amount only)
After the expiry of CC limit period 2% additional interest will be charged over the contract rate.
Withdrawals are allowed only through cheque book. 
Charges are applicable for this type of CC facility. Folio charge @ Rs-10 will be charged on this account once in a year on 31st of March.
Purpose: These types of loans are issued for business purpose.
Security: Pledge of gold. Limit is sanctioned up to 85% of the value of gold pledged.
Drawing Power Limit (DPL) is restricted as 85% of stock value.
At the time of Closure/ Renewal of a/c an amount @ 0.5% of loan amount subject to a maximum of Rs-500 is collected as closure charges and credited to Miscellaneous Income and Rs-100 towards insurance charge.
Same number renewal

OVERDRAFT



OVERDRAFT ON CURRENT ACCOUNT
Individual Current Account holders of more than six months having satisfied transactions with the bank are allowed to avail this facility.
Security: Personal Surety, Collateral Security and Fixed deposit of his own or of a third party.
This is issued for one year.
Interest is calculated on daily product basis.
Interest will be charged in connection with the type of security offered by the customer. i.e., if collateral & personal security-lending rate, if it is fixed deposit of his own the rate will be 2% above the contract rate of F.D. If the security is a fixed deposit of third party then the rate will be the lending rate.
Penal interest @ 2% will be charged when the account becomes overdrawn (for the overdrawn amount only)
After the expiry of OD limit period 2% additional interest will be charged over the contract rate.
Interest debited on last day of every month.
Withdrawals are allowed only through cheque book. 
Purpose: These types of loans are issued only for domestic purpose.
The customer is directed to make all the transactions through this account only.

LOANS TO SOCIETIES




SOCIETIES
Cash Credit to Weaver’s Co-operative Societies
Cash Credit to coir Co-operative Societies
CC to Employees Co-operative Credit Societies
CC to Societies for Gold Loan
Agriculture Gold Loan CC to PACS
Cash Credit to other Societies
CC to Store Societies
Special CC to Store Society
Special CC to Societies for Onam Market
CC to Marketing Societies
Crop Loan Cash Credit :KISAN CREDIT CARD(KCC)
Kudumbasree Cash Credit to Societies
CC to Societies for Gold loan for Agriculture purpose
Loans to Societies on the security of term deposit
NAST Gold Loan to Societies
Loan to Industrial Societies
Loans to Other Societies 
Conversion loan to societies
Loans to Agricultural Societies-NAMT
Motor transport society loan
Agricultural Trade Centre Loan to Societies





Tuesday, December 11, 2012

PRODUCT AND OTHER SERVICES

PRODUCTS/SERVICES
·         Deposits
·         Loans
·         Agriculture Finance
·         Lockers
·         Life Insurance Agency
·         Student’s Savings Scheme
·         No frill Accounts
·         Fund Transfer
·         Demand Drafts
·         Institutional Banking
·         Industrial Finance
·         Consortium Lending
·         Agency Of Govt. Schemes


SAFE DEPOSIT LOCKER
Safe deposit locker facility is generally provided as an ancillary service by the bank to the customers.
Maintenance of Lockers
Allotment of Lockers 
Procedure for hiring out lockers 
Locker Rent – Rent Charges
Responsibility of the Customer
Maintenance of Lockers
  • Each locker should bear a distinct number with double locking facility.            The bank should hold the master key common to all lockers in the cabinet while another key is provided to the customer for operation.
  • The master key held by the bank should not be accessible to any person other than the officer in charge of lockers.
Allotment of Lockers 
  • The Lockers should be allotted to account holders only. Lockers can be allotted to Individuals (including Non-residents), Firms, Companies, Trusts, Societies, Clubs, etc. Individuals can hire the locker in single name or jointly with other person(s). The locker hirers are permitted to add or delete names from the list of persons who can            operate the locker and can have access to it.
  • As required by Law, while opening Safe Deposits account, it has to be            satisfied about the identity, including verification of address of the prospective account holder to help in protecting the interest of the customers and the Banks against fraud and other misuses of the Banking System.
  • Normally Bank allots lockers to its current account and savings bank account holders. For allotting a locker to a limited company, society or            association, a copy of the resolution passed in the managing committee of the respective institutions authorizing the official/s to hire a locker and operate the same is required.
  • When a locker is allotted to a trustee, a copy of the trust deed is required and ascertained that the powers to operate locker are given to the authorized trustee by means of a resolution in terms of the trust deed and that the resolution is signed by persons authorized to do so.
  • For allotting locker to a partnership firm, a certified copy of the partnership deed/constitution of the firm duly signed by all the partners of the firm is required.
  • The lockers are normally not allotted in the name of minors.
  • Where an individual lessee desires to convert his account into a joint account, the old locker standing in his name should first be surrendered and a fresh one issued or the same locker may be re-allotted in the joint names on completion of all the required formalities. Specific instructions regarding mode of operation and access must invariably be required from the joint lessees on the memorandum of agreement.
  • The lessee is not permitted to assign or sublet the locker nor should he be allowed to deposit any material of disruptive nature.
  • The customer should furnish a stamped agreement incorporating therein the terms and conditions of lease of the locker.
  • Every customer hiring the locker should be required to supply the bank with his/her specimen signature. The specimen signature card should always remain in the custody of officer-in-charge of the lockers.
Procedure for hiring out lockers 
  • For allotment of lockers applications in the prescribed form is required. In case of loss of key, the locker will be broken open and all the expenses for breaking open the locker and replacement of the locking system are to be borne by the concerned hirer. 
  • The locker hirers are required to access their lockers at least once in a year. Unless satisfactory reasons for not operating the locker are given in writing to the bank, the bank may, due to security reasons, cancel the allotment of the locker and break open the locker, even if the rent is paid regularly, as per the guidelines issued by the RBI.  
Locker Rent – Rent Charges
  • Locker rents are payable in advance annually. Rents vary depending upon the size of the locker and the Branch Location. Delay in payment of locker rents may result in denial of access to the lockers and would            also attract prescribed penalties, in addition to the annual locker rent payable in advance. 
  • Non-payment of locker rents beyond the due date may result in the bank breaking open the locker as per prescribed procedure laid down in this respect. Costs for breaking open the locker and safe custody charges for the contents of the locker would be payable by the locker            hirer. 
Responsibility of the Customer
  • Bank may collect up front rent up to 3 years, which the customer will have to pay.
  • Loss of key should be immediately informed to the bank. For breaking open the locker, charges shall be borne by the hirer. Bank reserves the right to break open the locker if the rent is not paid in-spite of giving notices, and recover charges.
  • Inform the change of address, Telephone number, E-mail address, etc. to the branch.
  • Inform the loss of locker key, etc. immediately to the branch over phone followed by a letter.
  • If the customer acts fraudulently, and acts without reasonable care, which causes losses, then the customer will be responsible for all losses.

CREDIT COUNSELLING AND LIVELIHOOD PROMOTION CENTRE
Nabard Chief General Manager Sri K C Shashidar inaugurated credit councilling and livelyhood promotion cetre being the first in Co-operative Sector in India.