LOAN PSD

APPLICATION FORM

Date:22-05-2024
Application Form No.:57995

To,

Kissandhan Agri Financial Services Private Limited

644, DLF Tower, 15 Shivaji Marg,
Najafgarh Road, Moti Nagar, Delhi - 110015

I/We. RACHNA,W/o AMAR SINGH, would like to avail loan of Rs.30000/-

(Thirty Thousand Rupees Only) from Kissandhan Agri Financial Services Private Limited.
Thanking you.

Yours faithfully,

Signature of the Borrower

RACHNA

Place:KELWARA

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 Sanction Letter
S.No Name of the Borrower Name of the
Spouse/Nominee/Guarantor
1 RACHNA AMAR SINGH

Date: 22-05-2024 Place: Vishwkarma chouk

Group: RAVEENA KAUR JLG BC Code: SP01
JAISWAN
Center: RAVEENA KAUR HOUSE BC Branch Code: KEL
JAISWAN

Dear Sir/Madam,

With reference to loan application submitted by you for grant of Facility, Kissandhan Agri Financial
Services Pvt. Ltd. (Kissandhan), a company incorporated under the provisions of Indian Companies
Act, 1956 and existing company within the purview of Companies Act, 2013 and having its registered
office at 644, DLF Tower, 15 Shivaji Marg, Moti Nagar, New Delhi-110015 is pleased to inform you
that the Term Loan facility as per the details given below on terms and conditions mentioned in
Annexure I which may be amended or modified by Kissandhan as its discretion from time to time.

Facility Description
Total Term Loan Amount Rs. 30000/-
[Thirty Thousand Rupees Only]
Purpose AGRI
Interest Rate 27.50 % p.a.(Fixed)
Processing Fees (exclusive of service tax) Rs. 300/- + G.S.T. Rs. 54/-
payable before disbursement

Repayment Intervals (Monthly/weekly/Bi- Monthly

weekly/MidTerm)

Please acknowledge receipt of this letter duly signed by all the members of the Group in token of
having accepted the foregoing terms & conditions/covenants with respect to the said loan.

This is a computer generated document and it does not require signature of

Kissandhan Agri Financial services Private Limited.

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 Annexure “A”
S.No. Terms and conditions

1. Applicable stamp duty, if any on all the loan and security document in connection with
Kissandhan shall be payable by the members of the group before disbursement.

2. Applicable Processing fee will be deducted from the disbursement amount.

3. This Sanction is valid for a period of 30 Days for acceptance of the Client.

4. The borrowers may service the Loan through the service provider (if appointed).
The terms and conditions of the Sanction Letter issued to service provided along with the
agreement between the Business Correspondent and Kissandhan shall be treated as part and
parcel of this present agreement.
5. The borrowers undertake to inform Kissandhan regarding any changes in the address of any
of the JLG Members in the loan application forms submitted to Kissandhan and to promptly
provide such further information that Kissandhan (its service provider or representatives)
may require.
6. The borrowers confirms that he/she shall not use the facility or any part thereof for any other
purpose other than the purpose specified in the loan application form submitted by the
Borrowers to Kissandhan. The Borrowers shall not use the facility for any other speculative,
improper or illegal or unlawful purpose/activities.
7. The facility sanctioned is subject to the Borrowers executing all facility related documents in
favour of Kissandhan, in such form as Kissandhan specifies and does not confer any rights to
borrowers to demand facility from Kissandhan.

8. The Group and all its members shall be jointly and severally liable for repayment of the
facility availed, at applicable interests to Kissandhan in installments on the due date(s) as
decided by Kissandhan and further there must be strict compliance with all the terms and
conditions.
9. The borrower has the option to make the advance payment as well as foreclose the facility.

10. The Borrower hereby authorizes Kissandhan to furnish any kind of information about the
Borrower to the service provider. Further the borrowers agree to remit the repayment
installment due to Kissandhan through the service provider, appointed if any. In case of
default in repayment of the loan amount,kissandhan shall be at liberty to recover the loan
amount in accordance with the terms and conditions mentioned herein and/or the terms and
conditions mentioned in the Agreement with the Business Correspondent and/or the remedy
available as per law as well.
11. Notwithstanding anything specified herein, the Borrower hereby acknowledges and confirms
that Kissandhan may at anytime in its sole discretion and without assigning any reason,
demand and call upon the borrower (and/or all, any one or more of the members) to
immediately pay/repay the Facility and applicable interest and thereupon borrowers/s shall
within 07 days of being so called upon, pay the entire outstanding amounts of the facility
and applicable interest to Kissandhan as demanded by them without any delay or demur.
12. Borrowers undertake and confirm that they shall ensure that each one of the members of the
Group, observes all the covenants, terms and conditions, restrictions and prohibitions and
agree that any violation of the same by any member of the Group shall constitute an Event
of Default Under this facility and Kissandhan shall be at the liberty to recall the facility and
enforces the rights and remedies available to it. Under the laws of the Land and Terms of the
Master Agreement between Kissandhan and BC Partner
13. Borrower authorizes Kissandhan and all it group companies and their agents to exchange,
share or part with all information and details relating to the borrowers (all members of the
Group) to group companies, banks, financial institutions, credit bureaus, statutory bodies etc
as may be required or as they may deem fit and shall not hold Kissandhan (or any of its
group companies or its agents and representatives) liable for use/sharing this information.

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14. Kissandhan may also as it may deem appropriate and necessary disclose any
information/data relating to the Members of the Group, the facility and/or obligations in
relation to the facility to the credit information Bureau ("India") Limited ("CIBIL") and any
other agency authorized in this behalf by the Reverse bank of India ("RBI") and publish its
name in such manner and through such medium as Kissandhan in their absolute direction
may think fit. The aforesaid right shall be available to Kissandhan in addition to and not in
derogation any other authority in this regard upon signing the copy of this sanctions Letter.
15. Borrower shall not assign or transfer all or any of its rights, benefits or obligations under this
facility without the prior written approval of Kissandhan. Kissandhan may at anytime sell,
assign securitize or transfer all or any of its rights, benefits, obligations under the Facility in
respect of the facility to any person and in such manner and on such terms and conditions as
Kissandhan may at its sole discretion decide. Any such sale, assignment, securitization, or
transfer shall conclusively bind the borrower and each of its members and all other
concerned persons. Notwithstanding any such sale, assignment securitization or transfer, the
borrower shall unless otherwise notified by Kissandhan continue to make payments under
this Facility to Kissandhan (and /or its authorised representatives) and shall constitute full
discharge of its obligations and liabilities in respect of such payments.
16. All the Members of Group Will keep Kissandhan informed of the happening of any event
likely to have substantial effect on the income and profit of the Borrowers if, for instance, the
monthly income is substantially less than what had been indicated to Kissandhan the
Borrower's Will inform Kissandhan accordingly with explanations and the remedial steps
proposed to be taken.
17. Kissandhan of its sole and absolute discretion may renew/enhance the limit of the Loan
granted or to be granted to the Borrower/s.

18. Kissandhan reserves the right to discontinue the Loan in case of non compliance/ breach of
any terms and conditions stipulated herein, Kissandhan’s decision shall be final and binding
on the Borrower/s.
19. The interest per annum means interest on 365 days irrespective of leap year.

20 The Loan granted will be subject to RBI guidelines /Kissandhan’s policies from time to time.

21. These terms and conditions shall begin on the date of sanction and/or disbursement of the
loan, and shall remain in effect until the repayment of Aggregate Loan Amount with interest
due by the Borrower/s, unless terminated/ modified earlier by Kissandhan. It is further
specifically stated that the termination of this agreement under any circumstances does not
alter or change any of the terms and conditions under any contract agreed between the
Parties
22. We expressly recognize and accept that Kissandhan shall without prejudice to its right to
perform such activities itself or through its officers or employees, be entitled and have full
power and authority to appoint one or more third parties as Kissandhan may select or
otherwise assign and to delegate to such third party all or any of its functions, rights and
powers under this Sanction Letter relating to administration of the Loan/Aggregate Loan
Amount including the right and authority to collect and receive on behalf of Kissandhan from
the Borrower/s

S.No. Name of the Borrower Name of the Signature of Loan Amount Loan Tenure
Spouse/Nominee/ Borrower /Installments
Guarantor
1 RACHNA AMAR SINGH 30000 18

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 COMMON DECLARATION FOR SIGNING IN VERNACULAR LANGUAGE

We,

S.No Name of the Borrower Name of the Spouse/Nominee/Guarantor

1 RACHNA AMAR SINGH

As adults and Indian inhabitant, do hereby state and declare a solemn affirmation as under:

We have been read out and explained in the language known to us, the contents of the loan documents
and all other documents incidental to availing the loan from Kissandhan Agri Financial Services Private
Limited by us. We have signed the said documents after having understood them and by signing the
same we do hereby agree to abide by all the terms and conditions of the loan and clauses of the same.

We declare that whatever we have stated hereinabove is true and correct to the best of our knowledge
and belief.

S.No. Signature of Borrower

1

Date: 22-05-2024
Place: KELWARA

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FACILITY AGREEMENT/INTER-SE AGREEMENT EXECUTED BY THE INDIVIDUAL/MEMBERS OF
THE JOINT LIABILITY GROUP

This Agreement made at the Place and Date specified in Clause 1 schedule A of this Agreement (herein after
referred to as "the Schedule”) and forming an integral part of this Agreement executed individually or between the
persons whose names are specified in the Schedule herein who are members of the group, whose name is specified
in clause 2 of the schedule, hereinafter referred to collectively as "Joint Liability Groups (JLG) Members”, which
expression shall unless repugnant to the context or meaning, include individual or every member of the said JLG and
their respective legal heirs executors and administrators.

WHEREAS the individual/all JLG members is/are residents of Vishwkarma chouk/BARAN/

RAJASTHAN specified in Clause 4 of the Schedule A and are known to each other and introduced by BC
partner ARTH MICRO FINANCE PRIVATE LIMITED of Kissandhan Agri Financial Services
Private Limited.

WHEREAS the individual/ JLG members, joined voluntarily together and formed the JLG with intent to
carry on credit and other economic activities for mutual benefit subject to terms and
conditions hereinafter appearing and have passed a resolution to the effect on date as mentioned in
the schedule herein.

NOW THEREFORE THE AGREEMENT WITNESSETH THAT:

1. Individual/Each member of the JLG shall strive for the success of the individual business/JLG and
shall not act in any manner detrimental to the business interest of the JLG.
2. The individual/The JLG members shall be solely/jointly and severally liable for the debts contracted
by the individual/all the members of the JLG.
3. The individual/The JLG members shall ensure the insurance policies whereby Kissandhan is the sole
beneficiary are valid, subsisting and operative and ensure the timely payment of the policy premium
throughout the tenure of this Loan facility.
4. The JLG members hereby undertake and confirm that they shall duly elect and appoint one/more
member of the Group as the Group Leaders to look after and manage the day to day affairs of JLG's
activities and also act in their name or on their behalf in all matters relating thereto. The Group
Leaders may however be changed at any time by passing resolution in that regard and new Group
Leaders could be elected, it shall be the responsibility/duty of all the members jointly or individually
and of the newly elected leader, to inform about the change in leadership to Kissandhan.
5. Each of the JLG member agree to hereby abide by and ratify all such acts, deeds and things as the
Group Leader/s may do in the interest of the JLG members.
6. The individual to ensure repayment of the loan on a regular basis/The Group Leader's will make
decisions in the day to day working of the JLG and each member shall actively involve
herself/himself and cooperate in looking after the day to day affairs of the JLG activities in particular
to ensure the repayment of the loan on a regular basis.
7. The JLG members hereby specifically authorize the Group Leader, appointed from time to time in
accordance to clause 4 hereinabove to perform the following activities as required from time to
time:
(i) To jointly and severally explain to the JLG members all the documents (terms and conditions
contained therein) in language which is understandable to the respective members and the contents
of the documents executed by them on behalf of the JLG are sufficiently understood by the
members
(ii) To ensure that the members are informed about the meetings of the JLG and also attend the
meetings on time.
(iii) To ensure and promote the use of the Loan amount for such purpose as stated in the Sanction and
Term Loan agreement and shall not be used for any other purpose.
(iv) To ensure the repayment of the instalments by all the members of the JLG in accordance with the
To terms of the loan granted by Kissandhan.

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(v) To ensure that the loan outstanding on a particular member (if any) is cleared in the case of
dropout and it is agreed that no new person shall be inducted or no existing member shall be
expelled as a member of the JLG without the consent of all existing members of the JLG.

Schedule -A
Clause Place of execution: KELWARA

1 Date of the Facility/Inter-se Agreement: 22-05-2024

2 Date of establishment of JLG(Not applicable for 22-05-2024

individual borrowers):
3 Name of the Individual/JLG: RAVEENA KAUR JLG JAISWAN

4 Individual/JLG Address: KELWARA

Village/Block/District/Taluka / State and Pin code: Vishwkarma chouk, KELWARA
BARAN, RAJASTHAN
325216
5 Amount to be repaid by the Individual/Group: Rs.30000/-

6 Frequency - monthly/weekly/bi-weekly: Monthly

S.No Name of the Member Name of the Signature/thumb Individual/Memb

. Spouse/Nominee/Guara impression of er/JLG Leader
ntor Individual/Member of
JLG
1 RACHNA AMAR SINGH

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 DEMAND PROMISSORY NOTE

Date: 22-05-2024 Place: KELWARA

Group: RAVEENA KAUR JLG JAISWAN Branch: KELWARA
Center: RAVEENA KAUR HOUSE JAISWAN

On Demand, I/We,
1. RACHNA 6. ………………………………
2. ……………………………… 7. ………………………………
3. ……………………………… 8. ………………………………
4. ……………………………… 9. ………………………………
5. ……………………………… 10.………………………………

The Undersigned (Jointly & Severally), promise to pay Kissandhan Agri Financial Services Private Limited
(Kissandhan), or its assigns a sum of Rs 30000 ( Thirty Thousand Rupees Only ) sanctioned to me/us as a
part of the Group ID and Center ID (as mentioned here in above) together with the interest thereon at the rate of
27.50% p.a. or at such rates which Kissandhan may specify from time to time for value received. Presentment
for payment and noting and protest of note are hereby unconditionally waived. This Demand Promissory Note
shall be construed in accordance with and governed by Indian Law. This Demand Promissory Note has been
executed on the date stated above Interest shall be compounded on the basis of 365 days in a year and the
number of days elapsed from the date of drawal/disbursement.

S.No. Name of the borrower Name of the Sign of the Borrower

Spouse/Nominee/Guarantor
1 RACHNA AMAR SINGH

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