Punjabi
   
Home>Frequently Asked Questions

The following questions are frequently asked on the various activities of the corporation.In case of any further query, please contact concerned officer.

  FAQs
F.A.Q
Q1. What are the various loan schemes of the corporation ?
Q2. What is the maximum limit of loan advance in various scheme ?
Q3. What is the income limit for getting loan ?
Q4. What is the rate of interest ?
Q5. What is the age limit for Eligibility for getting loan ?
Q6. How long it will take to release the loan payment ?
Q7. Which documents are required ?
Q8. Is there any subsidy involved in your loan schemes ?
Q9. Who is competent Athority to issue S.C certificate ?
Q10. In case beneficiary is handicapped wether he is eligible to get loan even if he is non scheduled caste?
Q11. Which type of security/surity is accepted?
Q12. Whether joint surety is acceptable ?
Q1. What are the various loan schemes of the corporation ?
Ans.
Q2. What is the maximum limit of loan advanced in various scheme ?
Ans
Q3. What is the income limit for getting loan ?
Ans. Scheme wise income limit as under-
1. In Direct lending Scheme income limit would be as 1.00 lac and no income limit in case of unemployed.
2. Under the Scheme in Collabration with NSFDC any person having an income below double of the poverty line is eligible.
3. Under the Scheme in Collabration with NSKFDC any safai karamchari or his
dependent is eligible for availing loan.
4. Under the Scheme in Collabration with NHFDC there is no income limit but 90% cases should have income less than Rs.5.00 lacs.
5. In Bank Tie Up - Scheme Rs 67,649/- loan for rural area and Rs 88,756 loan for urban area P.A.
6. Self Employement Scheme for Rehabilitation of manual scavengers are eligible for those who are identifed by the concern Deputy Commissioner.
Q4. What is the rate of interest ?
Ans1. In D.L Scheme--------------------- upto 50000/- --------------.5%
above 50000/------------- 8%
2. In NSFDC Scheme 6% interest upto Rs.5.00 Lacs, 10% interest above Rs.5.00 Lacs and penal intt @ 5% charged for delayed payment.
3. In NSKFDC Scheme rate of interest is 6%
4. In NHFDC Scheme upto Rs.50,000 rate of inerest is @ 5%, 50001 to 5.00 lac rate of inerest is 6% and above 5 lac rate of inerest is 8%.
5. In BankTie-up Scheme Corporation disbursed capital subsidy only and loan is disbursed by bank.
6. In SELF EMPLOYMENT SCHEME FOR REHABILITATION OF MANUAL SCAVENGERS[SRMS] Corporation disbursed capital subsidy only and loan is disbursed by bank.
Q5. What is the age limit for Eligibility for getting loan ?
Ans1. In D.L Scheme---------------------18 years to 50 years
2. In NSFDC Scheme---------------do
3. In NSKFDC Scheme-------------18 years to 55 years
4. In NHFDC Scheme---------------18 years to 60 years
5. In Bank Tie Up Scheme--------- As per Bank Policies
6. In SELF EMPLOYMENT SCHEME FOR REHABILITATION OF MANUAL SCAVENGERS[SRMS]--------- As per national corporation policies [Details]
Q6. How long it will take release the loan payment ?
Ans. If loan case complete in all respect the loan is sanctioned with in 45 working days and therafter payment is being made with in 60 working days subject to the availability of funds.
Q7. Which documents are required ?
Ans 1. Application form duly attested by competent Authority..
2. Attested copy of S.C certificate..
3. Valuation certificate of property to be mortgaged.
4. Map of property.
5. Farad zama bandi.
6. If property is self purchased, then copy of registry to be attached..
7. Affidavit regarding loan..
8. 3 attested photographs.
9. In case of service surity their employer certificate, salary certificate, surity bond.
Q8. Is there any subsidy involved in your loan scheme ?
Ans. There is a subsidy component in all the scheme expect direct lending scheme @ 50% or 10,000/ which ever is less and in case of NHFDC scheme subsidy is avaliable for S.C handicaped beneficiary only.
Q9. Who is competent Athority to issue S.C certificate ?
Ans. S.D.M Or Tehsildar.
Q10. In case beneficiary is handicapped whether he is eligible to get loan even if he is non scheduled caste ?
Ans. Yes a non Scheduled caste is eligible and can get loan if he fulfill the conditions of loan scheme.
Q11. Which type of security/surety is accepted ?
Ans. Any immoveble property FREE from Encumbrance or service surety in case of Permanent Govt.Employee.
Q12. Whether joint surety is acceptable ?
Ans. Yes acceptable.