(Covid -19) – Cooperative Liquid Facility (CLF)

(Covid -19) – Cooperative Liquid Facility (CLF)

Beneficiery

Farmers/self-employed/businessman having an excellent repayment record with cooperative banks.

Purpose

Free to use for agriculture implements and allied activities, emergency financial  needs, to repay existing debt raised from any commission agent or to strengthen the businessman

Loan Limit

Maximum Rs. 50000/-

Rate of interest

7.75% p.a. 

Margin

No margin required.

Repayment

12 months / 2 half yearly instalments in one year

Documents

  • Loan Application
  • DP note
  • loan agreement.
  • letter of Waiver
  • Guarantee deed, if applicable
  • undertaking
  • Photograph, Aadhar Card and PAN Card, if available from the borrower/guarantor.