Canara Bank Common application cum appraisal report for credit

Canara Bank Common application cum appraisal report for credit facilities for agricultural loan above Rs. 1 lakh and upto Rs. 10 lakhs

Canara Bank Common application cum appraisal report for credit facilities for agricultural loan from Download

Based on the provided document, here are the key points of the application and appraisal form for agricultural loans (p. 1):

Target Loan Range: This common application-cum-appraisal form is designed for agricultural credit facilities above ₹2,00,000 (p. 1).
Dual Language: The document is structured in both Assamese and English (p. 1).

Constitution Types: Form accommodates Individuals, Joint applicants, Partnerships, Institutions, Government Undertakings, Societies, and Private/Public Companies (p. 1).
Personal Demographics: Captures name, age, gender (including transgender options), category (SC/ST/OBC/Others), and minority community status (p. 2).
Farmer Category: Applicants must specify if they are Marginal, Small, Large, Landless, or Agricultural Labourers (p. 2).
KYC Checklist: Requires Voter ID, PAN card, Passport, and Aadhaar numbers (p. 2).

Income Matrix: A detailed breakdown of gross and net income from agriculture, allied activities, and other sources (p. 3).
Existing Bank Ties: Declaration of current banking accounts and the duration of those relationships (p. 3).
Asset Declarations: Evaluation of existing land/buildings, livestock, farm machinery (tractors, power pumpsets), cash in hand, and other investments (NSC, LIC, shares) (p. 3).
Land Ownership Details: Table tracking village location, survey numbers, total acreage, irrigated area, irrigation source, encumbrances, and distance from the branch (p. 7).

Working Capital (KCCS): Form features a 5-year limit computation section for the Kisan Credit Card Scheme, accounting for a 10% annual increase in production expenses (p. 17).
Allied Activities: Specific modules to appraise working capital needs for fisheries, sericulture, and farm forestry (pp. 10, 12).
Gold Collateral: Includes a specialized structural section for KCC loans backed by gold jewellery, requiring gross/net weight and appraiser certification (pp. 17-18).
Offered Securities: Outlines primary and collateral requirements like hypothecation of cultivated crops, existing farm assets, newly proposed machinery, or land mortgages (p. 27).

Timeframes: Turnaround time norms dictate up to 30 days for branch-level sanctions, 45 days for RO/CO approvals, and 60 days for Head Office (HO) decisions (p. 32).
Processing Fees: Short-term loans up to ₹25,000 carry nil fees, while loans between ₹25,000 and ₹2 Lakhs incur a flat ₹300 fee (p. 32). Term loans above ₹2 Lakhs attract a fee ranging from 0.50% to 1% of the loan amount (p. 32).
Prepayment Penalty: A 2% penalty is levied on the outstanding liability if a term loan is closed early via a transfer to another bank (p. 33).

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