The Sangrur Central Co-op Bank ltd.

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Education Loan

Beneficiary	:	Salaried employees of Coop. banks, Punjab Govt / Chandigarh Administration and its boards & Corporation.
Purpose	:	To provide financial assistance to deserving and meritorious student for Pursuing higher studies in India or abroad.
Loan Limit	:	Maximum amount up-to Rs. 15.00 Lac.
Rate of Intt	:	11.00%
Repayment Period	:	The installment will start after completion of course. Maximum 5 years.
Collateral Security	:	Mortgage of landed property value of 150% of the loan amount. For the loan up to Rs. 5.00 lac, no Immovable security is required. If the loanee is the employee of Punjab Govt.or Coop.Deptt. etc. one guarantors known to the bank will also be taken. under taking under sect.39 of coop soc. Act 1961.

Short Term Agriculture Loan

Beneficiary	:	Farmers
Purpose	:	Production of Crops
Loan Limit	:	As per land holding and scale of finance
Rate of Intt	:	7.00% (3% Int.Subvention to Good Pay Masters)
Repayment Period	:	Half Yearly linked with Harvesting
Collateral Security	:	Nill

Medium Term Agriculture Loan

Beneficiary	:	Farmers
Purpose	:	Investment credit for installation of pump set, purchase of Agri. implements, Land reclamation, Construction of bunds, Poultry, Piggery, Purchase of Milch Cattle, Gobar Gas Plant.
Loan Limit	:	As per land holding and scale of finance
Rate of Intt	:	10.20%
Repayment Period	:	Five Years.
Collateral Security	:	As per Scheme.

Saral vyapar Scheme

Beneficiary	:	Individual/Partnership/Private LTD company facility for working capital requirement
Purpose	:	To facilitate business
Loan Limit	:	Maximum Rs. 5 lakhs
Rate of Intt	:	12.00%
Repayment Period	:	Five Years.
Collateral Security	:	Hypothecation of Primary Security, Collateral Security : 150% of loan amount

Solar roof top scheme (SeGEL)

Beneficiary	:	Individual/entity
Purpose	:	For solar Rooftop infrastructure
Loan Limit	:	Maximum Rs. 5 lakhs for an individual and Rs. 15 lakhs for Institutions
Rate of Intt	:	12.00%
Repayment Period	:	Five Years.
Collateral Security	:	Mortgage of immovable property (150% collateral) in case of loan amount is more than Rs. 1 lakh. In case of salaried individuals, no collateral security is required. under taking under sect.39 of coop soc. Act 1961.

Joint Liability Group

Beneficiary	:	4 individuals having same economic background
Purpose	:	For Meeting Socio-Economic needs
Loan Limit	:	Minimum amount Rs.25000/- per member & Maximum amount Rs. 50000/- per member
Rate of Intt	:	16.00%
Repayment Period	:	Maximum 30 months.
Collateral Security	:	No collateral security required. Only mutual Guarantees.

E-rickshaw

Beneficiary	:	Individual/transport operator having a valid driving licence
Purpose	:	To create employment opportunity
Loan Limit	:	Maximum Rs. 1 lakh
Rate of Intt	:	10.50%
Repayment Period	:	36 months
Collateral Security	:	Hypothecation of E-Rickshaw

Revolving Cash Credit to Farmers(RCC)

Beneficiary	:	Any individual farmer holding the agricultural land.
Purpose	:	Credit facility for meeting out socio-economic needs.
Loan Limit	:	Maximum amount Rs.15.00 Lac. Subject to Rs.1 Lac per acre
Rate of Intt	:	12.50%
Repayment Period	:	Renewable on annual basis
Collateral Security	:	Agriculture Land valuing at 150% of the loan amount.

Dairy loan to members of MPCS

Beneficiary	:	Members of Coop. Milk Producers Societies.
Purpose	:	Purchase of maximum 2 miltch cattle.
Loan Limit	:	Maximum amount uptoRs. 1.00 lac
Rate of Intt	:	10.25%
Repayment Period	:	Maximum 5 years in equated monthly or quarterly installments with option of 3 months moratorium as per requirement
Collateral Security	:	No Guarantee for loan upto Rs.50,000/- or for one animal. For loan more than Rs.50,000/- or more than one animal:- guarantee by one person who should be nominal member of the bank. The guarantor should be the owner of at least one acre of agricultural land or a govt./ semi govt/ board/ corporation/ cooperative employee having remaining service more than the tenure of loan.

Mini Dairy Scheme

Beneficiary	:	Members of Coop. Milk Producers Society/ PACS.
Purpose	:	Purchase of up to 10 milch cattle.
Loan Limit	:	Maximum amount up-to Rs. 5.00 Lac. Rs. 0.50 lakh per animal
Rate of Intt	:	10.25%
Repayment Period	:	Maximum 5 years.
Collateral Security	:	Mortgage of landed property value of 150% of the loan amount. Also guarantee of two persons who shall be nominal members of the banks.

Commercial Dairy Development Scheme

Beneficiary	:	Any Individual, Partnership Firm, corporate body and any other Co - operative organization.
Purpose	:	To increase the income of milk producers by helping them to purchase High yielding milch cattle, construction of shed and to purchase of equipments & minimum 10 milch cattle.
Loan Limit	:	Maximum amount up-to Rs. 15.00 Lac.
Rate of Intt	:	10.25%
Repayment Period	:	Maximum 9 years.
Collateral Security	:	Mortgage of landed property value of 150% of the loan amount. Guarantee of two persons who shall be nominal members of the bank.

Non Farm Sector Loan Scheme (NFS)

Beneficiary	:	Individual, Sole Prop., Firm, Coop. Societies or a Company.
Purpose	:	For the establishment of cottage, tiny and SSI unit.
Loan Limit	:	Maximum amount up-to Rs. 15.00 Lac at CCB Level.
Rate of Intt	:	11.30% - 12.00%
Repayment Period	:	Maximum 5 to 7 Years.
Collateral Security	:	Immovable Properties for the value of 150% of the amount.

Rural Housing Scheme

Beneficiary	:	Individual and Members of Coop. Housing Societies.
Purpose	:	Purchase of built up house, construction of new house, repairs / Renovation and addition of existing house in rural areas.
Loan Limit	:	Maximum amount up-to Rs. 15.00 Lac.
Rate of Intt	:	11.00%
Repayment Period	:	Maximum 15 years.
Collateral Security	:	Agricultural land for the value of 100% of the loan amount, incase of Employees Mortgage of house to be financed by the bank. Two good sureties to be taken and under taking under sect.39 of coop socs. Act 1961.

Urban Housing Scheme

Beneficiary	:	Individual and Members of Coop. Housing Societies.
Purpose	:	Purchase of built up house or flat, construction of new house, repairs/Renovation and addition of existing house in urban areas.
Loan Limit	:	Maximum amount up-to Rs. 15.00 Lac.
Rate of Intt	:	11.00%
Repayment Period	:	Maximum 15 years.
Collateral Security	:	First mortgage of House Property to be financed by the bank.

Personal Loan Scheme

Beneficiary	:	Employees of Punjab Govt., PSU, Boards, Corporations etc.
Purpose	:	Credit Facility for meeting out socio-economic needs.
Loan Limit	:	15 times of gross monthly salary or Rs. 6.00 lacs, whichever is less.
Rate of Intt	:	14.00% p.a
Repayment Period	:	Maximum 7 years.
Collateral Security	:	One Good Sureties as per satisfaction of the bank.

Vehicle Loan Scheme

Beneficiary	:	Individual, Firm, HUF, Trust, Coop. Societies or a Company.
Purpose	:	For the purchase of new vehicle for business and personal use.
Loan Limit	:	Maximum amount up-to Rs. 15.00 Lac or 80% of cost of vehicle or 4 times of annual income whichever is less.
Rate of Intt	:	11.50%
Repayment Period	:	Maximum 8 years.
Collateral Security	:	Two Good Sureties as per satisfaction of the bank besides the hypothecation of the vehicle.

Second hand Vehicle Loan Scheme

Beneficiary	:	Individual, Sole Prop., Professionals and Partnership Firm.
Purpose	:	For the purchase of second hand vehicle should be not more than 4 years.
Loan Limit	:	Maximum amount up-to Rs. 5.00 Lac or 75% of cost of vehicle or 1.5 times of annual income whichever is less.
Rate of Intt	:	11.50%
Repayment Period	:	Maximum 5 years.
Collateral Security	:	Two Good Sureties as per satisfaction of the bank besides the hypothecation of the vehicle.

Consumer Durable Loan

Beneficiary	:	Permanent employee of organised sector where provident fund is deducted
Purpose	:	For the establishment of cottage, tiny and SSI unit.
Loan Limit	:	10 times of gross monthly salary or 75% of cost of article to be purchased or Rs. 2.00 lac whichever is less.
Rate of Intt	:	14.00%
Repayment Period	:	Maximum 5 years.
Collateral Security	:	One Good Sureties as per satisfaction of the bank.

Two Wheeler Loan to Farmers

Beneficiary	:	An agriculturist having land in his own name or his family member.
Purpose	:	For the purchase of new two wheelers.
Loan Limit	:	Maximum amount up-to Rs. 0.50 Lac or 85% of value of vehicle whichever is less.
Rate of Intt	:	13.00%
Repayment Period	:	Maximum 5 years.
Collateral Security	:	Two Good Sureties as per satisfaction of the bank.

Cash Credit Facility to Traders

Beneficiary	:	Individual, Sole Prop., Firm, Coop. Societies or a Company.
Purpose	:	For meeting working capital requirement of business.
Loan Limit	:	Maximum Rs 15 lacs
Rate of Intt	:	14.00%
Repayment Period	:	Renewable on annual basis.
Collateral Security	:	Immovable Properties for the value of 150% of the amount.

Loan against Rental Income Scheme

Beneficiary	:	Owners of the Property who have let out or proposed to be let out the same to reputed company.
Purpose	:	For meeting business/ personal needs.
Loan Limit	:	Maximum to the extent of 50% of post TDS Rent Receivable for a period. Not exceeding 120 months or un- expired period of lease or Rs 25.30 Lac whichever is less.
Rate of Intt	:	13.00%
Repayment Period	:	Maximum 10 years.
Collateral Security	:	Mortgage of landed property value of 150% of the loan amount.

Loan scheme for Earnest Money

Beneficiary	:	Any Individual
Purpose	:	To meet the financial requirement towards earnest money deposit to book residential plot/ built house or flat by Govt. Approved Agency.
Loan Limit	:	As per scheme of the Agency.
Rate of Intt	:	As fixed by the bank.
Repayment Period	:	On Receipt of Refund from Housing Board.
Collateral Security	:	No Immovable Security is required. Only two post dated Cheque req.

Mai Bhago Istri Shakti Scheme

Beneficiary	:	Any women beneficiaries' member of the PACS
Purpose	:	To establish the micro or small business in rural areas
Loan Limit	:	Rs. 25,000 through PACS.
Rate of Intt	:	PACS to members 9.00% CCB to PACS 7.50%
Repayment Period	:	Maximum 5 years.
Collateral Security	:	One good Surety having landed property.

Bhai Lalo Sehkari Kirt Shakti Scheme

Beneficiary	:	Any men/women beneficiaries' member of the PACS
Purpose	:	To establish the micro or small business in rural areas
Loan Limit	:	Rs. 25,000 through PACS.
Rate of Intt	:	PACS to members 12% CCB to PACS 10.50%
Repayment Period	:	Maximum 5 years.
Collateral Security	:	One good Surety having landed property.

Credit for Setting up of Net House

Beneficiary	:	Any Individual farmer holding the agriculture land.
Purpose	:	To grow the seasonal vegetables.
Loan Limit	:	Maximum amount Rs 90000/-.
Rate of Intt	:	12.00%
Repayment Period	:	Maximum 5 years.
Collateral Security	:	No collateral security required.Only two sureties required.