Joint Liability Group (JLG) loans are a great way for small farmers and entrepreneurs to get access to credit. JLGs are informal groups of 4-10 individuals engaged in similar economic activities who offer mutual guarantees for bank loans. By forming a JLG, individuals can avail of collateral-free loans and expand their businesses without worrying about security or margin. This loan is offered to individuals, tenant farmers, oral lessees, sharecroppers, and small and marginal farmers.

Relief measures by bank in areas affected by Natural Calamities 

National Disaster Management Framework recognizes 12 types of calamities, which includes Cyclone, Drought, Earthquake, Fire, Flood, Tsunami, Hailstorm, Landslide, Avalanche, Cloud Burst, Pest Attack and Cold Wave/Frost. 

Standing instructions for branches to initiate action after district/state government declaration.

SLBC/DCC meetings for coordinated action plans for implementation of the relief programme in collaboration with the state Government authorities.

Declaration of Natural Calamity:

District/state government declares natural calamities based on the crop loss. with a crop loss of 33% or more, and relief measures shall be extended to farmers/entrepreneurs.

Restructuring/Rescheduling of Existing Loans:

All the short-term loans, except those which are overdue at the time of occurrence of natural calamities, can be restructured.

The principal and interest due in the year of the calamity will be converted into a term loan within 3 months from the date of calamity.

Long-term (Investment) loans shall be restructured based on asset damage. Other Loans can be restructured as decided by SLBC/DCC based on severity.

Sanctioning of Fresh Loans:

Fresh crop loans shall be sanctioned based on scale of finance and cultivation area for raising the crops. Further, Long-term loans for agriculture, allied activities, rural artisans, etc can be undertaken. Consumption loans up to Rs.10,000/- without collateral.

Applicability of natural calamities relief measures guidelines in Riots and Disturbances:

Bank extends assistance to riot/disturbance affected persons based on SLBC/DCC approvals.

Utilization of insurance proceeds:

Bank shall adjust insurance proceeds received to restructured loans.

BANK HAS APPROVED VARIOUS  AREA SPECIFIC SCHEMES BASED ON THE SUITABILITY TO VARIOUS LOCATIONS AND CONCESSIONS IN RATE OF INTEREST & SERVICE CHARGES ARE AVAILABLE. SOME OF THE MAJOR AREA SPECIFIC SCHEMES ARE AS UNDER:

• SCHEME FOR FINANCING TO FOOD & AGRO PROCESSING UNITS .
• AREA SPECIFIC SCHEME FOR PINEAPPLE GROWERS FOR KOTTAYAM, ERNAKULAM & THRISSUR REGIONS (ERNAKULAM, IDUKKI, KOTTAYAM, PALAKKAD, MALLAPURAM, THRISSUR DISTS OF KERALA STATE)
• AREA SPECIFIC SCHEME FOR TOBACCO GROWERS UNDER TIE UP ARRANGEMENT WITH TOBACCO BOARDFOR VISHAKHAPATNAM, VIJAYAWADA & HYDERABAD ZONE (ANDHRA PRADESH & TELANGANA STATES).
• SCHEME FOR FINANCING TO COLD STORAGE/COLD MANAGEMENT CHAIN .
• SCHEME FOR FINANCING TO RICE / DAL / FLOUR MILL UNITS .
• AREA SPECIFIC SCHEME FOR TIE UP WITH SHRI SIDDHARAMESHWARA AGRO INDUSTIES (SSAI) JLG FOR AMRAVATI REGION (NANDED DIST OF MAHARASHTRA).
• AREA SPECIFIC SCHEME FOR CARDAMOM & BLACK PEPPER GROWERS / PLANTATIONS FOR ERNAKULAM, KOTTAYAM & THRISSUR REGIONS (ERNAKULAM, IDUKKI, KOTTAYAM, PALAKKAD, MALLAPURAM, THRISSUR DISTS OF KERALA STATE)
• AREA SPECIFIC SCHEME FOR DAIRY FINANCE UNDER TIE UP WITH SABAR & BANAS DAIRY IN MEHSANA (GUJRAT STATE)
• SCHEME FOR FINANCING TO POULTRY UNITS .
• AREA SPECIFIC SCHEME FOR FINANCING TO REGISTERED SHGS- KUDUMBASHREE MISSION IN KERALA STATE (MANGALURU ZONE)
• AREA SPECIFIC SCHEME FOR FINANCING TO CASHEW PROCESSING UNITS FOR UDUPI REGION (UDUPI, UTTARA KANNADA DISTS OF KARNATAKA STATE).
• AREA SPECIFIC SCHEME FOR FINANCING TO COFFEE GROWERS AND PLANTERS FOR SHIVAMOGA REGION (BELLARY, CHIKKAMAGALURU, DAVANGERE, HAVERI, SHIVAMOGA DISTS OF KARNATAKA STATE)