OUR TEAM WITH COMMUNITY LEADERS

WEL COME

Consumer Rights & awareness about

banking and insurance facilities

for farmers

Topic:

Intel learn program

INTRODUCTON India is a agriculture based country but many of

the farmers are not aware of their rights as well as their Duties. In this concern we the JNV Devarahalli, Davangere children have taken up a small Project in our neighboring village about “Consumer Awareness on Banking facilities and Crop Insurances”. So we met the gram Sabah and interacted with farmers and identified their unawareness facts about bank loans, Interest rate and crop insurance. Then our team tried to create awareness among the farmers through Role Play and Multimedia presentations on Consumer Awareness about Banking and Insurance schemes.

Scarcity of SAFE drinking water. Lack of

awareness on

education.

Less knowledge about

consumer rights .

Food adulteration.

Unaware of

banking facilities.

Unaware of

agricultural

insurance

facilities to the

farmers.

Problems of

farmers

AWARE OF YOUR RIGHTS

BEWARE OF CHEATING

.

Come join us! Have fun.

Invitation

ROUTE MAP

State Capital

District Head Qrts

Road Ways

OUR VILLAGE

Awareness Before the survey

FULLY KNOWN

PARTIALLY KNOWN

DON'T KNOW

0

10

20

30

40

50

60

Sales

FULLY KNOWN50%

PARTIALLY

KNOWN31%

DON'T KNOW19%

After the survey

We have gone on survey to our neighboring village Devarahalli on 19/11/2010 for collecting desired data in solving and caring their problems.First we met with Sh.Ranganath, (president of gram panchayat). And distributed our questions to members of gram Sabah .

Out of the responses to our questionnaire, we learnt that there are many illiterate people in the village. So we thought of educating them on the topic under discussion and to see that they will be benefited much out of it. Following are the details of questionaire and responses of the villagers.[attached to the folder survey questions]

VILLAGERS RESPONSE TO OUR QUESTIONS

OUR SURVEY QUESTIONS AND ANSWERS, (answers in % and correct answers in bold letters)

If the fertilizers &sowing seeds are not in good quality whom do you complaint? A. agricultural department (30%) B. police (50%) C. media

(20%) If the company or agricultural department will not take care about your problems

(farmers) then where will you complain? A. consumer forum (30%) 2. TaluK office (20%) C.police (50%) If your crops are failed but your crops are insured do you get the benefit of

compensation by insurance company? A. yes(40%) B.no (60%) What is the Total population of your panchayat? Ans. Men (3000)Women (2000) = (Literate) 4000,(Illiterate) 1000,

children’s(1256) What is the % of people engaged in agriculture? Ans. More than 65% What are the basic problems of your village? Ans. Unawareness of among banking & insurance schemes. Electricity and health. Do the villagers get proper sowing seeds & fertilizers? Ans. Yes 35% No 65% What is the rate of Interest for agriculture loan from nationalized banks? A.6% [25%] B.9% [30%] C.7% (25% ) D.3%(20%) Name the department which certifies the seeds and fertilizers. A. Agricultural department (35%) B.Village panchayath (30%) C.POLICE

(35%) What is the rate of interest for agricultural loan from the cooperative societies in

Karnataka? 3% B.9% C. 7%

INTERACTION WITH SYNDICATE BANK -Devarahalli DATE: 06/11/2010 We the team members of this project

along with guide visited syndicate bank on 06/11/2010 in our locality to know more about bank facilities to the farmers .

The manager &the deputy manager interacted with us & given all information for all our queries.

1. What are the facilities your bank is providing to the farmers? Ans. A. Agriculture loan (development loan and crop

loan), B.Buisness loan, C.Self employment loan, D.Vehicle loan,E.Pasturing loan

, F.Animal husbandry loan, G.Educational loan, H.Cottage industry loan

2. What are the rates of interest for various loans? Ans.A.agricultural loan up to 50,000 -9% interest in that

1% from subsidy from central government 1% from R.B.I. 1% from state government returns within

1 year ( enclosed separately)    

RATE OF LOANS FOR VARIOUS CROPS PER ACRE

For Loan Amount up to Rs. 20 lakhs Interest Rate a. Repayment period up to 5 years PLR minus 4.00% b. Repayment period above 5 years and up to 10 years PLR minus 3.50% c .Repayment period above 10 years and upto 20 years PLR minus 3.25% d. Repayment period above 20 years and upto 25 years PLR minus 3.00% For Loan Amount above Rs. 20 lakhs and upto Rs.30 lakhs Interest Rate a. Repayment period upto 5 years PLR minus 3.25% b. Repayment period above 5 years and upto 10 years PLR minus 2.75% c .Repayment period above 10 years and upto 20 years PLR minus 2.50% d. Repayment period above 20 years and upto 25 years PLR minus 2.25% For Loan Amount above Rs. 30 lakhs Interest Rate a. Repayment period upto 5 years PLR minus 2.75% b. Repayment period above 5 years and upto 10 years PLR minus 2.25% c .Repayment period above 10 years and upto 20 years PLR minus 2.00% d. Repayment period above 20 years and upto 25 years PLR minus 1.75%

HOUSING LOAN INTEREST RATE

1. Agriculture LOANES INTEREST RATES   Combined harvester, two, three, four wheeler, Tractor loans Size of the credit limit Interest Rate Up to Rs.50000/- PLR minus 2.50% Above Rs.50000/- and up to Rs.2.50 lakhs PLR minus 2.00% Above Rs.2.50 lakhs PLR minus 1.00%Size of the credit limit Interest Rate

Upto Rs.50000/- PLR minus 2.50%

Above Rs.50000/- upto Rs.2 lakhs PLR minus 1.00%

Above Rs.2 lacs Spread to be added to PLR

Credit Rating of Borrower

SYND1 SYND2 SYND 3 SYND 4 SYND 5 SYND 6 SYND7 & BELOW

NPA

a. Term loans -0.25 0.00 0.25 0.75 1.25 1.75 2.00 2.00

b. Short TL / Working Capital

-0.25 0.00 0.25 1.00 1.50 2.00 2.00 2.00

All other agriculture advances:

2. Term Deposits interest rate for various deposites

A. DomesticFor Deposits upto Rs. 10.00 crore Rate of Interest w.e.f. 10.12.2010Term Deposits (All Maturities)

7 days to 14 days* 3.50

15 days to 30 days 4.00

31 days to 45 days 4.50

46 days to 90 days 5.50

91 days to 120 days 6.25

121 days to180 days 6.50

181 days to 269 days 6.50

270 days to 364 days 6.75

1 year to less than 2 years** 8.20

2 years to less than 3 years 8.25

3 years to < 5 years 8.50

5years & up to 10 yrs 7.75

3. Term Deposits

A. DomesticFor Deposits of Above Rs. 10.00 Crore

Rate of Interest w.e.f 10.12.2010Term Deposits (All Maturities)

7 days to 14 days* 3.50

15 days to 30 days 4.00

31 days to 45 days 4.50

46 days to 90 days 5.50

91 days to 120 days 6.25

121 days to 180 days 6.50

181 days to 269 days 6.50

270 days to 364 days 6.75

1 year to less than 2 years ** 8.20

2 years to less than 3 years 8.25

3 years to less than 5 years 8.50

REFINED OIL.COMPANY PVT.LIMITED

MRP= 63.50

MFG, DATE=

EXP, DATE=

MARK=

THANK Y OU

FOR BUY ING

THANKYOU

TO BUY THIS ONE

GOLD WINNER

REFINED OIL.COMPANY PVT.LIMITED

MRP= 73.50

MFG, DATE=11.11.10

EXP,DATE=12.05.11

MARK=

GOLD WINNER THANK Y OU

FOR BUY ING

EXP, DATE=

MARK=

Non certified goods

Certified goods

role play by project team ON BANKING All required information pertaining to

Banking were given by the students through role play on the day of showcasing

Our Related Photos of gram sabha

Panchayat leader

AWARENESS CAMPAIGN ON BANKING AND

INSURANCE SCHEMES .

Farmer expected to know1. Their Rights.2. Knowledge of insurance companies.3. How to deal with banking facilities.4. Aiming at adequate self awareness and

self- learning.5. No , room for middle men and agents.

By this project. we got the awareness on our rights, so

far we were working day & night but were exploited by middle men and we were very much ignorant about our facilities extended by the bank and insurance companies.

Impact on community

Sl. No

ITEM SIZEIN

FEETS

NO. OF COPIES

Rate per item

COST for whole item

1. FLEX SHEET SHOWING BANK INTREST RATES

5/4 02 200 RS.400

2. Chart SHOWING different crop LOANS

5/4 04 200 RS.800

3. Chart Exhibiting Different schemes & loans for farmers–

5/4 02 200 Rs.400

4. Laborers - 02 100 RS.200

SUGGESTIVE BUDGET FOR VILLAGE PANCHAYAT

Solutions for the problems

Educating the villagers about consumer rights, through bank authorities as resource persons as a joint venture.

Conducting training programmes to the farmers at their village with the help of bank officials to give first hand information regarding agricultural credit, crop insurance, educational loan, self employment loan.

(The application form shown to the farmers for availing bank loan is attached in the loan folder)

BE AWARE OF YOUR RIGHTS

BEFORE PURCHASE ensure M.R.P & ASK FOR PROPER BILL

CONSUMER SHOULD BE AWARE OF AGMARK AND ns as standardized by the govt. isi sig

Solutions for the problems

AVOID MEDIATORS & AGENTS

BE AWARE OF THE RATES DECLARED FROM TIME TO T IME BY GOVT.

APPROACH RIGHT PERSONS AT RIGHT TIME FOR GENUINE PURPOSE.

Our vision

We t he chil dr en of j nv davanager e a r e her e by

sol emnl y accept ed t o t ake act ive par t in

sol ving our vil l age f a r mer s’ pr obl ems by

t aking t he hel p f r om l oca l bank.

We want t o make our Fa r mer s f ul l y awar e of

banking f acil it ies and insur ance schemes. In

t ur n we want t o buil d a st r ong sel f suffi cient in

sust a inabl e devel opment of t he vil l age.

We Also thank our helpers & supporters

Our References1.

2.

3. Gram Panchayat Offi cials

4. NCERT TEXT BOOKS

http//www.clipart.com,http//www.govtofindia.co.inhttp//www.consumer.com

ACKNOWLEDGEMENTWe Thank Our Beloved Gurus:

C.Ammal (Principal)

A.C.S. Reddy (Vice principal)

Yogesh .M . (TGT .S.Sci.)

Ranganath (PRESIDENT GRAM PANCHAYATH DEVARAHALLI)

PREPARED BY

sVIII

CLASS

NANDISH.G.

K

GURURAJ.K

TEJASWINI.K.R

LAKSHMI.S.R

SAGAR.N

GUIDE