Status Check, Procedures, Facilities

Organization : Government of Andhra Pradesh
Service Name : Debt Relief Family Loan Status
State: Andhra Pradesh

Website : http://apcbsportal.ap.gov.in/loanstatus/

APCB Family Loan Status

Check Your Family Loan Status (Phase I & Phase II Release)

Related / Similar Service : FHPL Claim Tracker

Search By :
1. Ration Card (or)
2. Aadhaar Card (or)
3. Loan Account No

Debt Waiver Scheme of Agriculture Crop Loans to farmers:
The scheme applies to crop loans (including gold loans sanctioned for raising crops) extended by Scheduled Commercial Banks, Regional Rural Banks and Cooperative banks (not UCBs) through their branches/ Societies in the State of Andhra Pradesh (13 districts). Loans granted to primary Agriculture Cooperative Credit Societies/FSCs which are accredited to lending institutions for advancing direct agriculture crop loans to agriculture family are also covered under the scheme

Loans excluded:
Short term loans sanctioned for meeting working capital needs of horticulture activity, allied activities like fisheries, poultry, dairy etc; and agricultural produce (pledge) loans including loans against warehouse receipts, working capital to activities related to indirect finance like fertilisers, etc;

Eligibility Criteria

i. For purposes of loan waiver family is taken as a unit. The total amount of loan waived for all eligible purposes from all banks taken together cannot exceed the ceiling of Rs.1.50 lakhs fixed for the waiver.

ii. The total amount eligible for waiver shall be limited to crop loan and agriculture gold loan for crop purposes and short term credit converted into MT loan subject to the ceiling prescribed for family.

iii. The total amount that can be waived will be the aggregate of actual amount outstanding in the respective loan accounts of family subject to a ceiling of Rs.1.50 lakh, for crop loan or gold loan or converted crop loan jointly for family. The benefit should be limited to Rs.1.50 lakhs per family.

Definition of Family:
Family is defined as i.e. Head of the family, his wife & dependent children. Criteria to identify the family members shall be from documents like Ration Card, Voter list etc;.

Procedure For Waiver

i. Where a family has taken loan from more than one bank/ institution, the bank/ institution which has retained the original pattadar pass book while giving loan will get the priority. If the lending was against different survey numbers for different banks, the benefit would be distributed on pro-rata basis. The benefit thus shared shall be entered in the respective Pattadar pass book/s of the family and the concerned Branch Manager shall put his signature and seal on the pass book.

ii. If it is more than the ceiling, the waived amount will be limited to the ceiling prescribed by the Government. The branch manager concerned will affix their seal and signature after recording the amount in the Pattadar pass book/LEC card.

iii. In respect of beneficiaries who had already repaid the loan, the eligible amount would be credited to the saving bank account of the beneficiary and he would be permitted to draw the amount.

iv. As regards those who had not repaid the loan, the waiver amount would be credited to the loan account of family and the outstanding balance would be reduced to that extent, as per the method mention in para 16 (a), (b) and (c).

v. If the loan outstandings of the beneficiary are higher than the waiver extended by the Government under the Scheme, the balance will be paid by the beneficiary concerned.
vi. Crop Insurance claims of family as and when received, should be appropriated to the Government, to the extent of the amount waived and balance if any, beyond waiver limit shall be credited to farmer’ account.

FAQ On APCB Debt Relief Family Loan

The APCB Debt Relief Family Loan is a loan scheme offered by the Andhra Pradesh Cooperative Bank (APCB) to help families who are struggling with debt. The loan is available to families who are members of the APCB and who have a combined income of less than Rs. 20,000 per month.

The loan amount is up to Rs. 50,000 and the repayment period is up to 3 years. The interest rate is 10% per annum. The loan can be used to repay any type of debt, including personal loans, education loans, and medical loans. Frequently Asked Questions FAQ On APCB Debt Relief Family Loan

To apply for the loan, you will need to submit the following documents:
** A copy of your Aadhaar card
** A copy of your PAN card
** A copy of your latest income certificate
** A copy of your latest bank statement
** A copy of your latest electricity bill
** A copy of your latest phone bill

What is the loan amount for the APCB Debt Relief Family Loan?
The loan amount for the APCB Debt Relief Family Loan is up to Rs. 50,000.

What is the repayment period for the APCB Debt Relief Family Loan?
The repayment period for the APCB Debt Relief Family Loan is up to 3 years.

What is the interest rate for the APCB Debt Relief Family Loan?
The interest rate for the APCB Debt Relief Family Loan is 10% per annum.