| Sr. No. | Loan Scheme | Loan Limit | Loan repayment period | Interest Rate |
|---|---|---|---|---|
| 1 | Loan to joint liability groups | 1:1 1:2 1:3 1:4 | 5 years | 16.00% |
| 2 | Self Help Group Loan Cash Credit under MSRLM (Maharashtra Rajya Gramin Jeevanonnati Abhiyan) Scheme | 1:1 1:2 1:3 1:4 Or as per repaymet qualification | 1 year | 7.00% |
| 3 | Self Help Groups (Cash Credit) | 1:1 1:2 1:3 1:4 Or as per repaymet qualification | 1 year | 9.50% |
| 4 | Cash Credit Loan Policy for Salaried Employees Credit Society | 80% of the outstanding (current) loan from the members of the organization as on 31st March of the respective year minus the bank loan amount, will be the loan limit | 1 year | 9.50% |
| Sr. No. | Loan Scheme | Links |
|---|---|---|
| 1 | Loan to joint liability groups | Click Here |
| 2 | Self Help Group Loan Cash Credit under MSRLM (Maharashtra Rajya Gramin Jeevanonnati Abhiyan) Scheme | Click Here |
| 3 | Self Help Groups (Cash Credit) | Click Here |
| 4 | Cash Credit Loan Policy for Salaried Employees Credit Society | Click Here |
Near ST Bus Stand, Dhanora Road, Gadchiroli Taluka, Gadchiroli District, Gadchiroli.
For RTGS/NEFT Assistance
07132-232050
For ATM Card Assistance
07132-233571
Missed Call Balance Enquiry
09289201111
For Mobile Banking
07132-233571
The Gadchiroli DCC Bank Pvt. Ltd.
Register with DICGC
| Eligibility | Required documents | Terms and Conditions |
|---|---|---|
| Farmers/Agricultural Labourers/Professionals | • Loan Demand Application | • The member of the joint liability self-help group should be a resident of the district. |
| • Joint photograph of members and Aadhaar Card/PANCARD | • Should have a regular savings/current account. | |
| • A nominal fee from each member | • The loan will be repaid in equal monthly installments. | |
| • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. | ||
| • Only one family member will stay in one group. | ||
| • A joint group will have a minimum of 4 and a maximum of 10 members. | ||
| • Members will be eligible to take loans as per their needs and capacity. | ||
| • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | ||
| • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
| Eligibility | Required documents | Terms and Conditions |
|---|---|---|
| Farmer/Agricultural Labourer/Professional/Woman | • Loan Demand Application | • The member of the self-help group should be a resident of the district. |
| • Joint photo and Aadhaar card of members | • A group regular savings account should be a regular account. | |
| • Nominal membership fee of the self-help group | • Only one family member will stay in one group. | |
| • M.S.R.L.M. Office letter. | • Minimum 10 and maximum 20 members will participate in the self-help group. | |
| • Members will be eligible to take loans as per their needs and capacity. | ||
| • Group record should be updated. | ||
| • A member of a self-help group should not be a member of another group. | ||
| • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | ||
| • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
| Eligibility | Required documents | Terms and Conditions |
|---|---|---|
| Farmer/Agricultural Labourer/Professional/Woman | • Loan Demand Application | • The member of the self-help group should be a resident of the district. |
| • Joint photo and Aadhaar card of members | • A group savings account should be a regular account. | |
| • Nominal membership fee of the self-help group | • Only one family member will stay in one group. | |
| • Minimum 10 and maximum 20 members will participate in the self-help group. | ||
| • Members will be eligible to take loans as per their needs and capacity. | ||
| • Group record should be updated. | ||
| • A member of a self-help group should not be a member of another group. | ||
| • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | ||
| • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
| Eligibility | Required documents | Terms and Conditions |
|---|---|---|
| Salaried Employees Co-operative Societies | • Loan Demand Application (with resolution of the Board of Directors of the Institution) | • The scope of the organization should be limited to Gadchiroli district. |
| • Financial year slips have to be submitted while renewing the cash credit loan. | • Regarding the cash credit limit, 80% of the outstanding (current) loan from the members of the organization as on 31st March of the respective year minus the bank loan amount, will be eligible for loan sanction. | |
| • Non Over Due Cover(NODC) statement has to be taken from the institution every month. | • The organization will have to purchase bank shares equal to 5 percent of the sanctioned credit limit. | |
| • The organization has to submit financial statements of previous months, list of delinquent members and loan disbursement, recovery sheet to the branch within 10th of every month. | • The organization has to deposit the full amount of loan recovery to the cash credit account. Also, all transactions will have to be done from the cash credit account. | |
| • Amounts can be withdrawn from this loan account for disbursement of loans approved by the managing committee of the organization on the cash credit limit as per the provisions of the bye-laws and also for the regular expenses of the organization. | ||
| • The organization will be required to invest the entire savings fund in savings fund investment. | ||
| • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | ||
| • Interest will be charged every month. The bank reserves the right to change the interest rate from time to time. | ||
| • Under no circumstances shall the Society grant any loan to any member in excess of the provisions of the Bye-laws of the Society. | ||
| • Cash credit loans should be renewed on 31st January every year. | ||
| • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
