8.micro housing scheme rfmc
TRANSCRIPT
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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.
I R i
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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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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