Organisation : Registrar Co-operation Department Haryana
Scheme Name : Loan Scheme For Women Cooperative Societies
Applicable States/ UTs : Haryana
Home Page : http://rcsharyana.gov.in/en-US/
Details Here : https://www.statusin.in/uploads/37350-Loan.pdf
RCS Loan Scheme For Women Cooperative Societies
For the last two decades efforts are being made for upliftment of women.
Related : RCS Mukhya Mantri Dugdh Utpadhak Protsahan Yojna Haryana : www.statusin.in/37346.html
Though, we have come a long way and achieved quite a lot in this sphere and we can boast that women are now-a-days venturing into the areas primarily which were under the domain of men yet the Govt. of India has constantly been making efforts in this regard.
Taking initiative in this regard, the Govt. of Haryana has decided to launch a scheme for provision of loan to the women Coop. Societies, which will not only ensure the upliftment of women but also invoke a feeling of jointly moving ahead.
Eligibility
All registered Women Coop. Societies engaged in a business activities (manufacturing, trading, improving or provision of service) resulting in the well being of the societies will be eligible to obtain loan under the scheme.
Objective
The basic objective of the scheme is the upliftment of women who have so far been downtrodden part of the society by providing them with avenues.
Purpose
The loan will be available for any legitimate purpose for which the society has been formed vegetable and fruit grower societies
Implementation of the Scheme
The registered societies will apply for the loan to the concerned branch of the Bank on the prescribed performa along with a brief Project Report of the activity to be undertaken by the society.
The Branch Manager will either himself or through any other employee of the Branch specifically deputed for the purpose in writing by the General Manager of the Bank will verify the antecedents of each & every member of the society and after satisfying themselves in this regard will forward the loan case to the Development Officer (D.O.).
The D.O. will recommend the case to the Business Committee of the Bank. The committee will in turn recommend the case to the sanctioning authority. Thereafter the case will be sanctioned as per the laid down procedure of the Bank.
After the disbursement of the loan amount, the Branch Manager will request the General Manager of the Bank on the prescribed performa to further make a request to the Govt. for release of subsidy.
Cash Flow
The loan will be advanced to the society for the purpose/objective mentioned in the project report.
The society as a whole on behalf of the members will invest the loan amount execution of the purpose for which the loan has been sanctioned and further will be responsible for the distribution of ingredients to the members as per their requirement.
The produce of the members will be sorted and sold collectively by the society and the profit thus earned will be distributed amongst the members as per bye-laws of the society.
Duration Of Loan
The loan will be medium term for the duration of 3 to 7 years and will be recoverable on half yearly basis.
Quantum Of Loan & Security
Loan upto an amount Rs.5.00 lacs i.e. 10 times of the share capital of the society as per approved MCL of the society by RCS will be available under the scheme without any collectoral security, guarantee of two respectable persons of the village/town and post dated cheques (PDCs) of members of the society should be obtained and fixed assets created out of the loan amount should also be mortgaged.
The loan beyond Rs.5.00 lacs and upto the limit permissible to the concerned Bank as per the prevailing Credit Monitoring Arrangements (CMA) Norms will be available on collectoral security equivalent to at least one and a half times of the loan amount.