8.micro housing scheme rfmc

7/28/2019 8.Micro Housing Scheme RFMC

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www.repcobank.com6/26/2013

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REPCOBANK

Repco Foundation An Overview

An NGO Promoted by the Repco Bank

(A Govt. of India Enterprise).

A Section 25 Company Not for Profit.

Extend supporting services to Self HelpGroups

With a view to increase the income level and to

improve the standard of living.


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REPCOBANK

Group formation : Promoted about 10,000 SHGs.

Capacity Building : Trained about 70,000 members andestablished more training centres.

Bank Linkage : Facilitated 1,65,000 SHG families

with bank loan.

Follow up &monitoring : Maintained 100% recovery in all.

Mobile bank : Doorstep banking services to remote

service villages.

Smart Card : Transparent cash collection at service nearest locations.

Role Play


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REPCOBANK

Role Play contd..

Business Facilitator

For Repco Bank allbranches in TamilNadu.

For IOB branches atThiruvarur District

Business Correspondent

For IOB branches at

Thiruvallur Districts


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REPCOBANK

OTHER SERVICES

Insurance Providing Insurance throughLIC Janashree Bima Yojana Scheme.

Pension Pension scheme UTI MF

Scheme implemented in Tamil Nadu.

Marketing Partnering with EXIM Bank toexport natural products of SHGs.

MFI Activities Direct SHG loans with the funds

of ADFT NABARD

Housing Loan Funds from NHB implementedin 5 Districts in Tamilnadu.


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REPCOBANK

Housing Micro Finance Scheme

PURPOSE

New Construction / outright purchase of house

Renovation / repairs / additions.

ELIGIBILITY

Active member in the SHG linked with the Bank.

Track record of the previous loan repayment.


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REPCOBANK

Housing Micro Finance Scheme

Quantum Of Loan:

Upto 2 lakh

Moratorium Period: 1 Year

Repayment Period:

Upto 84 months

Rate Of Interest:

Loans upto Rs.25,000/- 11.5%

Loans above Rs.2,00,000/- 12%



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REPCOBANK

AREA OF OPERATION

Five Districts in Tamilnadu:

Sivagangai

Pudukkottai

Nilgris

Coimbatore

Trichy



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REPCOBANK

BENEFITS OF THE SCHEME

Provides shelter to the poor downtrodden.

Gives opportunity for the unorganizedlabourers to own houses.

To benefit Women Self Help Groupmembers to renovate their houses.

Shelter loan improves sustainability and

the relationship among their members.

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REPCOBANK

Issues, Reasons o utions onImplementation on the Scheme

ISSUES REASONS SOLUTIONSPropertytitleAvailability.

Many ownpossession rightsbut notownerships.

The Ownerships / Possessionrights of the property areestablished through,

Patta Book issued.

House Tax Receipt.

Electricity Bills.

Wills by the Parents /Husbands.

IncomeProof

UnorganizedLabourers.

Applicantsworking in theirown firm.

Income is assessed based onthe prevailing wages paid inthat area.

Agri Income assessed inrespect of lands cultivated.



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REPCOBANK

Contd

House estimates/ expenditurebudget

Civil Engineers /Contractors arepresent rarely.

For loans up to 25000/- listof expenditures projected bythe borrowers is accepted.

Estimates from Civil

Engineers/contractors areaccepted for higher limits.

RepaymentSchedule

There is no proofof Salary. Hencearriving of

installment isdifficult.

Foundation Staff areassessing income of theapplicant based on the local

enquires and decideinstallment period suitably.

Fixed between 36-84Months.



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REPCOBANK

Contd

Delay in HouseConstruction

Unavailability ofBuildingmaterials likeBricks.

Close follow up andpersonal contact leads toproper utilization ofloans and early

construction of house asplanned.

Margin above15% of theproject cost.

There is initialdelay incontributing the

margin.

It is insisted to initiatethe construction withtheir margin of 15%

before release of firstinstallments of the loan.



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REPCOBANK

Contd

Abandoning ofHouseConstruction in themiddle.

Parties are losinginterest or unableto bring in theirmargin.

Leaving theconstruction in themiddle.

Close follow up andpersuading the borrowersto commence the houseconstruction.

Releasing the loan in 2 or3 stages helps to follow upthe utilization of loan andcompletion of the houseConstruction.


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REPCOBANK

8.micro housing scheme rfmc

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