CHAITANYA GODAVARI GRAMEENA BANK

(A Government undertaking sponsored by Andhra Bank)

BRANCH: 7126_GEDDANAPALLI Process note for SHG financing
Powers : Branch Manager Date : 09-04-2019
Subject : Proposal for sanction of Cash Credit under SHG Bank linkage –
Name of the SHG: RAKSHAKUDU MSS
Date of receipt of proposal at Branch : 09-04-2019
1 Name & Address of the applicant SHG : RAKSHAKUDU MSS, S R PALEM, KIRLAMPUDI (M), EG, AP
2 Constitution : Self Help Group
3 (a)Date of establishment 22-11-2011
(b) Age of the Group 8 Years
4 Line of activity : Agriculture / allied activities / petty business
5 Past dealings with us since : Date: 22-11-2011
6 SB account number & date of opening : 712610031002011 22-11-2011
7 Residence of group members : S R Palem Village, Kirlampudi Mandal
8 Whether it is within the area of : Yes
operation of the Br.
9 Whether new group or existing or : Existing
migrated
If it is migrated, (a) Bank Name NA
particulars of (b) Branch Name NA
Previous Banker
10 Size of the group : 10 Members
11 Names of leaders : 1. Smt.PULUGU RANI
2. Smt.KANTIPALLI BUJJIMMA
3. Smt.
12 No. of limits already availed
(i) Date of previous limit availed. : 15-04-2017
(ii) No. of present limit 4TH
(1st, 2nd, 3rd, 4th, etc)
(iii) Track record of repayment of Good
previous loans.
(iv) Whether the five principles Yes / No (if No inform the deviations)
(a) regular thrift (b) internal
lending (c) conduct of meetings
and (d) recovery (e) book-
keeping are being followed.
(v) Rating (as per Critical rating
index)
13 Amount of corpus : Rs.94,491 as on 09-04-2019
14 Purpose & limit requested :
Major activities of group members
1. Agricultural Allied Activities
2. Micro Credit Plan for IGA : Rs.5,00,000
3. (Income Generated Assets).
Total : Rs.5,00,000

15 a) Eligibility* Rs.7,56,000
b) Ratio of Corpus to applied limit 1 : 5.3
16 Nature of the limit requested : SHFCC
17 Limit applied : Rs.5,00,000
18 Rate of interest : 13.5 %
19 Repayment schedule : Limit is valid for 60 months and minimum 3% of the limit
should be credited to the CC account every month.
20 Security:
Primary : Hypothecation of book debts / assets created out of loan.
Collateral : Nil
Guarantor: NIL
21 Details of existing limits of the group as on 09-04-2019
Facility : SHFCC Due date : 14-04-2022
Date of loan : 15-04-2017 Overdue : NIL
Limit : 3,00,000 Security : assets created out of loan
Present Liability : 61,587 PA/NPA : PA
22 Justification for present request:

23 Views / Recommendations of Branch:

Recommended for Sanction.

 Minimum Rs.1.00 lac or 6 times of the corpus up to One Year from the date of opening of SHG,
 2.00 lac or 8 times of the corpus for groups with age of above 1 year up to 2 Years
 Minimum Rs.3.00 lac based on the MCP with maximum of Rs.10,00,000/- for groups with age of
above 2 Years and upto 3 years
 Minimum Rs.5.00 lac based on the MCP with maximum of Rs.10,00,000/- for groups with age of
above 3 Years. (as per HO Circular No.38 dated 15.06.2017)

24. Other conditions:

I. Obtention of documents as per our loan policy guidelines-2014.

II. Signatures of 2 witnesses must be obtained on Inter-se agreement.
III. All documents must be signed under group seal.
IV. Group is advised to ensure that the annual income of each member of the group should not exceed
Rs.81,000/-
V. The corpus amount withdrawn by the group members is being revolved properly and regularly.
VI.In respect of migrated groups: a) Ensure closure of SB account of the group with previous banker.
(b) Ensure change of financing bank particulars in the records of Velugu Department.
© Obtention of No Due Certificate from the previous banker.

We recommend SHFCC limit of Rs.5,00,000 in favour of RAKSHAKUDU MSS as per above terms & conditions.

Officer
(Processing officer)
Date: 09-04-2019
Sanctioned SHFCC limit of Rs.5,00,000 in favour of RAKSHAKUDU MSS as per above terms & conditions.

(Name: K SIVA KALYAN)

Branch Manager
Date: 09-04-2019