Rinn Samadhan 2024-25 Scheme (For Agri Segment) - Agri & Rural

Sr No

Applicability of Scheme/Eligibility Conditions

1

Eligible Non-Performing Accounts with cut-off date & Amount

a. Unsecured Agri Loans with limit sanctioned up to Rs.10 Lacs, Classified as Sub-Standard on or before 31.12.2023.

b. All loans in Agri Segment classified as Doubtful, Loss and AUCA on or before 31.03.2024 with outstanding up to Rs.20Lacs.

c. Deceased NPA cases as on 30.06.2024 with outstanding up to Rs.20 Lacs in Agri Segment.

d. Maximum Borrower wise/PAN wise outstanding not to exceeds Rs.20Lacs.

Exclusions: Cases of frauds, Wilful Defaulters, Non Co-operative borrowers, Cases pending in NCLT, Malfeasance, Staff Accounts, Loan against Deposit & Specified Securities and Gold loans etc. are not covered under the Scheme.

2

Concessions available to Borrowers

a. Waiver of notional interest from date of NPA, in respect of all eligible accounts.

b. Hair-cut/ Concessions.

c. Legal and any other out of pocket expenses shall be waived.

3

Payment Terms

a. 10% of the OTS amount upfront at the time of submission of application.

b. Additional 10% of the OTS amount with 30 days from the date of sanction of OTS.

c. Balance OTS amount is to be paid with in 90 days from the OTS date.

d. No refund / adjustment of any amount already paid under any of the OTS Schemes will be allowed.

4

Early Bird Offer

Additional incentive of 5% on OTS amount will be provided to the borrowers who will pay the entire OTS amount in lumpsum along with upfront amount

5

Scheme Period

Last date for receipt of acceptance along with upfront amount is on or before 31.03.2025

Please contact the Branch for further details.