4) Non Farm ST loan schemes:

Sl no. Name of scheme Total Financial Outlay Purposes Repayment Period Grace period Borrowers’ Margin Loan eligibility/Valuation norms
1 Gold loan (Pledge) Rs.15.0 lakhs Crop loan, farm purposes Max 1 yr. Nil Nil 70% to 90% of (market value/general manager minus Rs. 100.0).
2 Loan for consumer durables Rs.1.0 lakh Purchase of any consumer durable 3 yrs Nil 10% 70% of land value
3 Traders loan Rs. 2.0 lakhs Established trading activities. 2 yrs Nil Nil 100 % land value
4 Second hand vehicles (Except two wheelers)(NCDC) Rs. 5.0 lakhs Public transport vehicles except two wheelers, including refrigerated vans, bulk carriers for edible oil, petroleum etc. 4 yrs max. For public transport vehicles with valid route permit, up to 5 yrs. Nil 25% 50% of land value + hypothecation of vehicle.
5 CARD Bank marriage assistance loan Rs. 500000.0 Purchase of gold ornaments 24-60 months Nil Nil 50% value of land offered as security.
6 Cash Credit facility Rs. 500000.0 To meet financial requirements 1 year Nil Nil
  1. 60% of value of land
  2. Two salary sureties with take home pay of not less than Rs. 5000/-
  3. Rs. 50000.0 only if own salary surety with Rs. 10000/- basic pay and take home pay of Rs. 8000/-
  4. 75 % of maturity value of NSC, GOI bonds and 75% surrender value of LIC policies.
7 Rubber slaughter tapping Rs. 720000 To undertake rubber slaughter tapping for experienced persons 3 years nil 25% 50% value of property offered as security.