AGRICULTURAL CREDITS

    CROP LOAN/ KISAN CREDIT CARD :
 

i) Purpose of the loan
Raising of various crops in Haryana State.

ii) Beneficiary/ Who can borrow
Any agriculturist who is also a member of the PACS (Mninibank)

iii) Amount/Period of the loan admissible
To be worked out by multiplying number of acreage being cultivated to scale of finance for that crop subject to ceiling of
a) Cash  Rs.75000/-
b) Kind  Rs.25000/-
Loan is for maximum period of 12 months.

iii) Frequency/mode of release of funds
Funds released by cheque as many time as required by the borrower drawn  on concerned branch of CCB/ Mini bank.

v) Documentation
1. Pronote alongwith declaration of sureties. (Form No.-6)
2. Agreement alongwith declaration of sureties. (Form No.-7)
3. Proof of land holding

vi) Repayment
a) Kharif advances between 1.3 to 31.8 will fall due on 31-1 next year.  Rabi   advances between 1.9 to 28/29 Feb for next year will fall due on 31-5 next year.   (No drawal shall be allowed for a period of  more than 12 months)
b) In case of failure of crops due to natural calamities, facility of conversion  of loan into medium term loan available.

vii) rate of Interest
7% (Subject to revision from to time)

viii) Penal rate of interest
5% p.a.

ix) Security
1. Two personal sureties who are also members of the Minibank.
2. Floating charge on crops being cultivated by raising the loan.

                
DECLARATION OF SURETIES

                             We, the undersigned hereby undertake to be jointly and severally liable to the  above mentioned society for the due repayment of this loan with interest in  accordance with the conditions of loan/bye-laws of the society, and we hereby agree that our liability as sureties under this pronote shall not be impaired or discharged by  reason of any time or other indulgance granted by the society to the said Shri. ________________ or by agreement entered with or composition accepted by the Society modifying by operations of law or otherwise their rights and remedies under the agreement.

                                                                SURETIES

                  1. ________________________                2. ________________________
                                    (Signatures)                                          (Signatures)
                   Full Name & Address                                   Full Name & Address
                   A/c No. __________                                  A/c No. __________
 

                                                                 WITNESSES

                    1. ________________________              2. ________________________
                                      (Signatures)                                              (Signatures)
                     Full Name & Address                                       Full Name & Address
                     A/c No. __________                                       A/c No. __________
 

   AGREEMENT ALONGWITH DECLARATION OF SURETIES (FORM NO.-7)
 

Whereas on _____________________ ,  I have executed a Promissory Note for Rs. ___________ (Rupees ______________________________ ) in favour of the   __________________________ Credit and Service Society Ltd. (hereinafter called  Society) ___________________ in consideration of which I have been supplied a   cheque book for drawing cash as well as kind loan, from the __________________  branch of the __________________ Central Cooperative Bank and from Fertilizer Depot and Consumer Shop run by ______________ respectively to debit of the loan    a/c of the society with the ____________________ Branch of ________________   Central Cooperative Bank, I hereby bind myself, my heirs, administrators assignees   as the case may be to make the payment of the amount alongwith interest, so drawn   by me from time to time within the prescribed time as per conditions for issuing of  loans by the society.

                                                                                                           Signature/Thumb Impression
                                                                                              Name ________________________
                                                      Father’s name/Husband’s Name ________________________
                                                                                             Village ________________________
 
 

DECLARATION OF SURETIES

                                  We the undersigned hereby undertake jointly and severally the responsibility  of making the repayment of the loan outstanding in the name of _________________ as  per  our declaration on the pronote executed by the above named in favour of the society referred to above.

SURETIES

      1. ________________________                          2. ________________________
                 (Signatures)                                                              (Signatures)
       Full Name & Address                                            Full Name & Address
       A/c No. __________                                            A/c No. ____________

  WITNESSES

    1. ________________________                          2. ________________________
                   (Signatures)                                                              (Signatures)
       Full Name & Address                                             Full Name & Address
       A/c No. __________                                              A/c No. __________

CASH CREDIT AGAINST HYPOTHICATION OF STOCKS
 

i) Purpose of  the loan
Financing procurement & marketing activities

ii) Beneficiary/Who can borrow
Central/Apex non credit Coop. Societies  in Haryana.

iii) Amount/Period of the loan admissible
Amount as per  instructions of RBI/NABARD/RCS from time to time  Period = 12 months.

iv) Frequency/Mode of release of funds
Cash credit  account operatable through cheques.

v) Documentation
1) Application on prescribed proforma accompanied by relevant financial  particulars(Balance sheet).
2) Demand Promissory  Note,
3) Letter of continuity
4) Agreement deed,
5) Letter of acceptance,
6) Resolution of BODs,
7) Reserve Borrowing Power Certificate.
8) Hypothecation Deed
9) Specimen Signature of Authorised Officers.

vi) Repayment Schedule
Cash credit limit for one year renewable  based on past  performance.

vii) Rate of interest
10% p.a.(subject to revision from time to time)

viii) Penal rate of interest
1% p.a.

ix) Security
1. Hypothecation/pledge of stocks,
2. Cooperative papers
3. State Govt. guarantee, if considered necessary.

x) Margin
Upto 40%

xi) Contact Person
M.D.  concerned Central Coop. Bank,
M.D./DGM(AC) HARCOBANK.

    INTERIM FINANCE BY WAY OF CASH CREDIT
 

i) Purpose of the loan
To meet temporary  financial requirement of HSLDB for making   advances to farmers during the interim period when release of funds   by NABARD gets delayed.

ii) Beneficiary/Who can borrow
HSLDB.