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Jala Nidhi
Loan Scheme |
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Target Group |
Purpose |
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Existing Flat / House / Office Commercial Establishment Premises
Owners
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For establishing rain water harvesting structure
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Quantum of Loan |
Margin on loan |
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Max. Rs. One lakh
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- NIL up to Rs.25,000
- 20% for loans above Rs.25,000
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Interest Rate - Floating |
Repayment |
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Category
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Rate of Interest
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| Agriculturists |
9.00% (Fixed) *
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| Others |
10.00% (Fixed) *
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* Presetly BPLR 11%
EMI Rs.465.96 for Sr.10,000/- for 24 months
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Category
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Period of repayment
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Agriculturists
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4 half-yearly instalments
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Non Agriculturists
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24 EMI
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EMI for 24 months for every 10,000/- - Rs. 465.96
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Security |
Other conditions |
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Loan Amount
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Security
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Upto
Rs.25000 |
Pledge of LIC Policies/NSCs/ Indhra Vikas
Patra/ Government Bonds - worth 100% Value |
Above
Rs.25000 |
Pledge of LIC Policies/NSCs/ Indhra Vikas Patra/ Government Bonds - 100% Value or EM of Property - worth 100% Value |
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- 40% take home pay for salaried/40% of gross income for others to be maintained after recovery of proposed EMI.
- Property tax receipt to be produced in proof of ownership of the applicant.
- In case of loans for flats, if by-laws of the Flat Owners' Association
/ Society permit availment of loan, loan can be sanctioned in the name of the
Association/ Society with guarantees (@125% of the proportionate share in the
total loan amount) from all the flat owners
Download Application Form
Note: conditions apply  |
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| List
of Focus Branches for Jala Nidhi Loan Scheme |
| Name of the Circle |
Name of the Branch |
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To view the list of focus branches in each state, just move the
mouse over the name of the Circle.
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