OTS Scheme 04_07_2011

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Rajasthan Financial CorporationUdyog Bhavan, Tilak Marg, Jaipur

One-time Settlement Schemes - 2011-12

[A] Amnesty Scheme for settlement of NPA accountswhere sanctioned amount is up to Rs. 2.00 lakhs(except DDW & transport loan cases)

[1] Eligibility

Cases sanctioned up to 31.03.2001 where sanctioned amount is upto Rs. 2.00 lakhs (including single window / composite loan / seedcapital loan) and which stand categorized as "doubtful" or "loss" ason 31.03.2006 shall be eligible.

Note:

(i) There is no bar for registration of cases closed /rejectedearlier by the Empowered Settlement Committee(s) /competent authority / deferred sale cases or cases whichwere settled up to 31.03.2010 with the consent of the loaneebut where the loanee either did not deposit any amount ordeposited part amount only, if these are otherwise eligible.However, the cases which were settled after 31.03.2010 bythe Empowered Settlement Committee(s) / competent

authority with the consent of the loanee shall not beregistered afresh under the scheme.

(ii) Deficit / decreetal / written-off cases will be covered undera separate scheme of the Corporation and such cases shallnot be considered / registered under this scheme.

(iii) As per existing guidelines / practices being followed alllive accounts are clubbed-up for ascertaining the eligibility forsettlement and ascertaining the settlement amount in caseswhere a borrower is having multiple accounts.

In case any branch feels that out of multiple accounts, asingle account be settled such proposals may be sent to HO;with full facts of the case and comments specially as to howsettlement of single account is in the interest of theCorporation; for examination, where till all accounts aresettled documents shall not be released.

[2] Operative period : 01.08.2011 to31.12.2011

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[3] Registration fee, up-front payment, formula for OTS andcompetent authorities

Loansanctionedamount

Settlement formula Registra-tionFee(Rs.)

Up-frontpayment(Rs.)

CompetentAuthority(irrespectiveofquantum ofsacrifice)

Up to Rs.25,000/-

Amount disbursed minustotal payment madesince inception till date ofapplication or 10% ofprincipal sumoutstanding, plus othermoney, whichever islower.

100 10% of principalsum + 10%of othermoney

BranchManager

Above Rs.25,000/- andup to Rs.50,000/-

Amount disbursed minustotal payment madesince inception till date ofapplication, or 30% ofprincipal sumoutstanding plus othermoney, whichever islower


BranchManager

Above Rs.50,000/- andup to Rs.1,00,000/-

Amount disbursed minustotal payment madesince inception till date ofapplication, or 40% ofprincipal sumoutstanding plus othermoney, whichever islower

500/- 10% of principalsum + 10%of othermoney

BranchManager

Above Rs.1,00,000/-and up to Rs.2,00,000/-

Amount disbursed minustotal payment madesince inception till date ofapplication or 60% of

principal sumoutstanding plus othermoney whichever islower

1000/- 10% of principalsum + 10%of other

money

BranchManager

Note: There will be no refund of registration fee, or the up-frontamount paid, whatsoever, in case one has already repaid to theCorporation over and above the settlement amount as per theapplicable parameters, indicated above. However, in such a case thesettlement amount will be equivalent to the amount of up-frontpayment (i.e., 10% of the principal sum outstanding plus 10% of other

money as on date of registration).

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[B] OTS Scheme for Settlement of Transport Loansexcept DDW cases)

[1] Eligibility

All Transport loan accounts (including seed capital loan) sanctionedup to 31.03.2001 and categorized as "doubtful" or "loss" as on31.03.2006 shall be eligible.

Note:

(i) There is no bar for registration of cases closed /rejectedearlier by the Empowered Settlement Committee(s) /competent authority / deferred sale cases or cases whichwere settled up to 31.03.2010 with the consent of the loaneebut where the loanee either did not deposit any amount ordeposited part amount only, if these are otherwise eligible.However, the cases which were settled after 31.03.2010 bythe Empowered Settlement Committee(s) / competentauthority with the consent of the loanee shall not be

registered afresh under the scheme.

(ii)Deficit / decreetal / written-off cases will be covered undera separate scheme of the Corporation and such cases shallnot be considered / registered under this scheme.

(iii)As per existing guidelines / practices being followed all liveaccounts are clubbed-up for ascertaining the eligibility forsettlement and ascertaining the settlement amount in caseswhere a borrower is having multiple accounts.

In case any branch feels that out of multiple accounts, asingle account be settled such proposals may be sent to HO;with full facts of the case and comments specially as to howsettlement of single account is in the interest of theCorporation; for examination, where till all accounts aresettled documents shall not be released.


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CompetentAuthority(irrespectiveof quantumof sacrifice)

Up to Rs.25,000/- Amount disbursedminus total paymentmade since inceptiontill date of applicationOR 10% of principalsum outstanding, plusother money,whichever is lower

100 10% of principalsum +10% ofothermoney

BranchManager

Above Rs.25,000/- andup to Rs.

50,000/-

Amount disbursedminus total paymentmade since inception

till date of application,OR 30% of principalsum outstanding plusother money,whichever is lower

100 10% of principalsum +

10% ofothermoney

BranchManager


Amount disbursedminus total paymentmade since inceptiontill date of application,OR 40% of principal

sum outstanding plusother money,whichever is lower

500 10% of principalsum +10% ofother

money

BranchManager

Above Rs.1,00,000/-

Amount disbursedminus total paymentmade since inceptiontill date of applicationOR 60% of principalsum outstanding plusother money whichever

is lower


BranchManager

Note: There will be no refund of registration fee, or the up-

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front amount paid, whatsoever, in case one has already repaidto the Corporation over and above the settlement amount asper the applicable parameters, indicated above. However, insuch a case the settlement amount will be equivalent to theamount of up-front payment (i.e., 10% of the principal sum

outstanding plus 10% of other money as on date ofregistration).

[C] OTS Scheme for cases where sanctioned amount is morethan Rs. 2.00 lakhs and up to Rs. 10.00 lakhs (except DDW &transport loan cases)

[1] Eligibility

Cases sanctioned up to 31.03.2001 where sanctioned amount ismore than Rs. 2.00 lakhs and up to Rs. 10.00 lakhs (including singlewindow / composite loan / seed capital loan) which standcategorized as "doubtful" or "loss" as on 31.03.2006 shall beeligible.

Note:

(i) There is no bar for registration of cases closed /rejectedearlier by the Empowered Settlement Committee(s) /competent authority / deferred sale cases or cases whichwere settled up to 31.03.2010 with the consent of the loanee

but where the loanee either did not deposit any amount ordeposited part amount only, if these are otherwise eligible.However, the cases which were settled after 31.03.2010 bythe Empowered Settlement Committee(s) / competentauthority with the consent of the loanee shall not beregistered afresh under the scheme.

(ii) Deficit / decreetal / written-off cases will be covered undera separate scheme of the Corporation and such cases shallnot be considered / registered under this scheme.

(iii) As per existing guidelines / practices being followed alllive accounts are clubbed-up for ascertaining the eligibility forsettlement and ascertaining the settlement amount in caseswhere a borrower is having multiple accounts.

In case any branch feels that out of multiple accounts, asingle account be settled such proposals may be sent to HO;with full facts of the case and comments specially as to howsettlement of single account is in the interest of theCorporation; for examination, where till all accounts are

settled documents shall not be released.

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(a) Cases in which MRV of primary assets and collateral

security is equal to or less than total outstanding

Totalpaymentmadesincebeginning

Settlementamount

RegistrationFee

(Rs.)

Up-front

payment

(Rs.)

Competentauthority(irrespectiveof quantumof sacrifice)

Thrice ormore of

principalsumdisbursed

Principal sum +other money +

incentive paid /payable to therevenueauthorities (ifapplicable)

2,000 10% of principal

sum +10% ofothermoney

District LevelCommittee

Betweentwice tothrice theprincipalsumdisbursed

Principal sum +other money +incentive paid /payable to therevenueauthorities (ifapplicable) + 20%of principal sumoutstanding

2,000 10% of principalsum +10% ofothermoney


Less thantwice theprincipalsumdisbursed

Principal sum +other money +incentive paid /payable to therevenue

authorities (ifapplicable) + 30%of principal sum

2,000 10% of principalsum +10% ofother

money


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outstanding

(b) Cases in which MRV of primary assets and collateralsecurity is more than total outstanding but less than 300%of total outstanding:

Totalpaymentmadesincebeginning

Settlement amount Registra-tionFee

(Rs.)

Up-frontpayment

(Rs.)

Competentauthority(irrespective ofquantum ofsacrifice)

Thrice ormore ofprincipalsumdisbursed

Principal sum + othermoney + incentive paid/ payable to therevenue authorities (ifapplicable) + 10% of

principal sumoutstanding


money



Principal sum + othermoney + incentive paid/ payable to therevenue authorities (ifapplicable) + 30% ofprincipal sumoutstanding




Principal sum + othermoney + incentive paid/ payable to therevenue authorities (ifapplicable) + 50% ofprincipal sumoutstanding



(c) Cases in which MRV of primary assets andcollateral security is more than 300% of total

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outstanding sum outstanding will be considered atthe level of the special HOLC

[D] Scheme for the cases where sanctioned amount isabove Rs. 10.00 lakhs (except DDW & transport loan

cases)

[1] Eligibility

Cases sanctioned up to 31.03.2001 where sanctioned amount isabove Rs. 10.00 lakhs (including single window / composite loan /seed capital loan) and which stand categorized as "doubtful" or"loss" as on 31.03.2006, except cases where MRV of primarysecurity plus collateral security is more than 200% of thetotal outstanding amount as on the date of registration,

shall be eligible.

Note:

(i) There is no bar for registration of cases closed /rejected earlierby the Empowered Settlement Committee(s) / competentauthority / deferred sale cases or cases which were settled up to31.03.2010 with the consent of the loanee but where the loaneeeither did not deposit any amount or deposited part amount only, ifthese are otherwise eligible. However, thecases which were settledafter 31.03.2010 by the Empowered Settlement Committee(s) /competent authority with the consent of the loanee shall not be


(ii) Deficit / decreetal / written-off cases will be covered under aseparate scheme of the Corporation and such cases shall not beconsidered / registered under this scheme.

(iii) As per existing guidelines / practices being followed all liveaccounts are clubbed-up for ascertaining the eligibility forsettlement and ascertaining the settlement amount in cases wherea borrower is having multiple accounts.

In case any branch feels that out of multiple accounts, a singleaccount be settled such proposals may be sent to HO; with full factsof the case and comments specially as to how settlement of single

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account is in the interest of the Corporation; for examination, wheretill all accounts are settled documents shall not be released.

[2] Operative period : 01.08.2011 to 31.12.2011

[3] Registration fee, up-front payment, and competentauthorities

Registration fee Up-front amount CompetentAuthority

Rs. 5,000/- 10% of the principal sum, plus10% of the other money, on thedate of registration

Special HeadOffice LevelCommittee

[E] Amnesty Scheme for settlement of deficit,decreetal and written-off cases

[1] Eligibility

All deficit, decreetal, written-off cases, excluding compromisedecree cases and those decreetal cases in which decree wasobtained on or prior to 31.03.2008.

Note:

(i) There is no bar for registration of cases closed /rejectedearlier by the Empowered Settlement Committee(s) /competent authority / deferred sale cases or cases whichwere settled up to 31.03.2010 with the consent of the loaneebut where the loanee either did not deposit any amount ordeposited part amount only, if these are otherwise eligible.However, the cases which were settled after 31.03.2010 bythe Empowered Settlement Committee(s) / competentauthority with the consent of the loanee shall not be


(ii)As per existing guidelines / practices being followed all liveaccounts are clubbed-up for ascertaining the eligibility forsettlement and ascertaining the settlement amount in caseswhere a borrower is having multiple accounts.


Deficit / written-off cases

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[i] Where sanctioned amount is up to Rs. 2,00,000/-

Registration fee, up-front payment, formula for OTS andcompetent authorities




CompetentAuthority(irrespectiveof quantumof sacrifice)

Up to Rs.25,000/-

Amount disbursed minustotal payment made sincebeginning till date ofapplication (including netsale price of assetscredited in the loanaccount) or 05% of

principal sum outstanding,plus other money,whichever is lower.

1 00 05% of principalsum + 5%of othermoney

BranchManager


Amount disbursed minustotal payment made sincebeginning till date ofapplication (including netsale price of assetscredited in the loanaccount) or 20% of principal sum outstanding

plus other money,whichever is lower


BranchManager


Amount disbursed minustotal payment made sincebeginning till date ofapplication (including netsale price of assetscredited in the loanaccount) or 30% of principal sum outstandingplus other money,whichever is lower


BranchManager


Amount disbursed minustotal payment made sincebeginning till date ofapplication (including netsale price of assetscredited in the loanaccount) or 50% ofprincipal sum outstandingplus other moneywhichever is lower


BranchManager

Note: There will be no refund of registration fee, or the up-front

amount paid, whatsoever, in case one has already repaid to theCorporation over and above the settlement amount as per the

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applicable parameters, indicated above. However, in such a casethe settlement amount will be equivalent to the amount of up-front payment (i.e., 5% / 10% of the principal sum outstandingplus 5% /10% of other money as on date of registration).

[ii] Where sanctioned amount is more than Rs. 2,00,000/-


Total payment,including netsale pricecredited in the

loan account,made sincebeginning

Settlementamount

Registra-tion Fee(Rs.)


Competentauthority(irrespective ofquantum of

sacrifice)

Four times ormore ofprincipal sumdisbursed

50% of principalsum + othermoney +incentive paid /payable to therevenueauthorities (if

applicable)

1,000 5% of principalsum + 5%of othermoney


Between thriceto four times ofprincipal sumdisbursed

60% of principalsum + othermoney +incentive paid /payable to therevenueauthorities (ifapplicable)



Between twiceto thrice theprincipal sumdisbursed

70% of principalsum + othermoney +incentive paid /payable to therevenueauthorities (ifapplicable)



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Less than twicethe principalsum disbursed

80% of principalsum + othermoney +incentive paid /payable to the

revenueauthorities (ifapplicable)



DECREETAL CASES

(Except compromise decree cases and the cases in whichdecree has been obtained after 31.03.2008)

(A) Deficit / Written off decreetal - Cases in which decreehas been obtained for recovery of deficit amount or writtenoff amount:

[a] Where loan sanctioned amount is up to Rs. 2,00,000/-



Settlement formula Registra-tionFee


CompetentAuthority(irrespective

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(Rs.) of quantumof sacrifice)

Up to Rs.25,000/-

Amount disbursedminus total paymentmade since beginning

till date of application(including net sale priceof assets credited in the

loan account) or 05% ofprincipal sumoutstanding, plusother money,whichever is lower.

100 5% of principalsum + 5%

ofothermoney

BranchManager


Amount disbursedminus total paymentmade since beginningtill date of application(including net sale priceof assets credited in the

loan account) or 20%of principal sumoutstanding plus othermoney, whichever islower.


BranchManager

Above Rs.

50,000/- andup to Rs.1,00,000/-

Amount disbursed

minus total paymentmade since beginningtill date of application(including net sale priceof assets credited in the

loan account) or 30% ofprincipal sumoutstanding plus othermoney, whichever islower.

500 5% of

principalsum + 5%of othermoney

Branch

Manager


Amount disbursedminus total paymentmade since beginningtill date of application(including net sale priceof assets credited in the

loan account) or 50%of principal sumoutstanding plus othermoney whichever islower.


BranchManager

Note: (i) There will be no refund of registration fee, or the up-

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front amount paid, whatsoever, in case one has already repaid tothe Corporation over and above the settlement amount as per theapplicable parameters, indicated above. However, in such a casethe settlement amount will be equivalent to the amount of up-front payment (i.e., 5% /10% of the principal sum outstanding

plus 5% /10% of other money as on date of registration).

(ii) Before settlement of the above decreetal cases, the BranchManager will certify that all efforts for execution of decree havebeen made, but no fruitful result has come-out.

(b) Where loan sanctioned amount is more than Rs. 2.00lakhs


Total payment,including netsale pricecredited in theloan account,made sincebeginning

Settlement amount Registra-tion Fee(Rs.)



Four times ormore ofprincipal sumdisbursed

50% of principalsum + othermoney + incentivepaid / payable tothe revenueauthorities (if applicable)



Between thriceto four times ofprincipal sum

disbursed

60% of principalsum + othermoney + incentive

paid / payable tothe revenueauthorities (if applicable)

1,000 5% of principalsum + 5%

of othermoney


Between twiceto thrice theprincipal sumdisbursed

70% of principalsum + othermoney + incentivepaid / payable tothe revenueauthorities (if applicable)



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Note: Before settlement of the above decreetal cases, the BranchManager will certify that all efforts for execution of decree have beenmade, but no fruitful result has come-out.

(B) Other than Deficit/Written off decreetal cases

(a) Cases having loan sanctioned up to Rs. 2.00 lakh


Loansanctioned

amount

Settlement formula Registra-tion

Fee(Rs.)

Up-frontpayment

(Rs.)

CompetentAuthority

(irrespectiveof quantumof sacrifice)

Up to Rs.25,000/-

Amount disbursed minustotal payment madesince beginning till dateof application or 10% ofprincipal sumoutstanding, plus othermoney, whichever islower.


BranchManager


Amount disbursed minustotal payment madesince beginning till dateof application, or 30% ofprincipal sum outstandingplus other money,whichever is lower


BranchManager


Amount disbursed minustotal payment madesince beginning till dateof application, or 40% of

principal sum outstandingplus other money,whichever is lower

500/- 10% of principalsum + 10%of other

money

BranchManager


Amount disbursed minustotal payment madesince beginning till dateof application or 60% ofprincipal sum outstandingplus other moneywhichever is lower

1000/- 10% of principalsum + 10%of othermoney

BranchManager

Note: (i) There will be no refund of registration fee, or the up-

front amount paid, whatsoever, in case one has already repaid tothe Corporation over and above the settlement amount as per theapplicable parameters, indicated above. However, in such a case

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the settlement amount will be equivalent to the amount of up-front payment (i.e., 10% of the principal sum outstanding plus10% of other money as on date of registration).

(ii) Before settlement of the above decreetal cases, the Branch

Manager will certify that all efforts for execution of decree havebeen made, but no fruitful result has come-out.

(b) Cases having loan sanctioned more than Rs. 2.00 lakhand upto Rs. 10.00 lakh


(i) Cases in which MRV of primary assets and collateralsecurity is equal to or less than total outstanding

Total pay-mentmadesincebeginning

Settlement amount Registra-tionFee

(Rs.)

Up-frontpayment

(Rs.)


Thrice ormore ofprincipal

sumdisbursed

Principal sum +other money +incentive paid /

payable (if applicable)

2,000 10% of principalsum +

10% ofothermoney



Principal sum +other money +incentive paid /payable (if applicable) + 20%of principal sumoutstanding




Principal sum +other money +incentive paid /payable (if applicable) + 40%of principal sumoutstanding



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(ii) Cases in which MRV of primary assets and collateralsecurity is more than total outstanding but less than 300%of total outstanding

Total pay-mentmadesincebeginning

Settlement amount Registra-tion Fee

(Rs.)

Up-frontpayment

(Rs.)

Competentauthority(irrespectiveof quantumof sacrifice)

Thrice ormore ofprincipalsumdisbursed

Principal sum + othermoney + incentive paid /payable (if applicable) +10% of principal sumoutstanding


DistrictLevelCommittee

Between

twice tothrice theprincipalsumdisbursed

Principal sum + other

money + incentive paid /payable (if applicable) +30% of principal sumoutstanding

2,000 10% of

principalsum +10% ofothermoney

District

LevelCommittee


Principal sum + othermoney + incentive paid /payable (if applicable) +50% of principal sumoutstanding


money

DistrictLevelCommittee

Note: Before settlement of the above decreetal cases, the BranchManager will certify that all efforts for execution of decree havebeen made, but no fruitful result has come-out.

(c) Cases having loan sanctioned above Rs. 10.00 lakhs

except cases where MRV of primary security and collateralsecurity is more than 200% of the total outstanding as onthe date of registration

Registration fee, up-front payment, and competentauthorities

Registration fee Up-front amount CompetentAuthority

Rs. 5,000/- 10% of the principal sum, plus10% of the other money, onthe date of registration

Special HeadOffice LevelCommittee

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Note : (i) Before settlement of the above decreetal cases, theBranch Manager will certify that all efforts for execution of decreehave been made, but no fruitful result has come-out.

_______________

General conditions / guidelines to be followed whiletaking up cases under any of the One-Time

Settlement Schemes for 2011-2012

The General conditions / guidelines to be followed while taking upcase under any of the One-Time Settlement Schemes for 2011-2012, and other salient features are follows:

[a] The cases having loans sanctioned up to Rs. 5.00 lakhsbelonging to SC / ST / disabled persons / ex-serviceman / BPLCard holders will be exempt from paying registration fee. Such

cases will be registered only by getting the requisite up-frontpayment prescribed under the Scheme, under which they areeligible for OTS, deposited.

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[b] In cases where other money is more than the principalsum then other money to be taken shall be limited to theprincipal sum.

[c] Effect of settlement will be given only after receipt of full

amount.

[d] Cases where action under Section 31/32(G) has beeninitiated, and the party registers its case under OTS, then theconcerned Branch Manager shall request the revenueauthorities for keeping the action in abeyance till realization ofsettlement amount.

In case the party commits default in paying the settlementamount then the revenue authorities are to be requested tore-initiate the action from the stage it was kept in abeyance.

[e] Legal notices issued u/s 30/29 prior to registration of thecase shall be kept in abeyance till such time as the partycommits default in making payment of settlement amount.

[f] Payment of settlement amount by the party: Theparty will be required to deposit the entire settlement amountwithin 30 days of the decision of settlement. However, if theparty opts to make payment of the settlement amount ininstallments then it may be allowed to deposit the settlementamount in monthly installments from the date of settlement,however, such installments will not be more than six.However, except in cases where the loan amount was lessthan Rs. 25,000/-, simple interest @ 13% p.a. shall be chargedfrom the date 30 days after the date the decision ofsettlement.

The last date for depositing of the settlement amount (as fulland final payment) should not be later then 31.03.2012 in anycase. The case will not be allowed to spill-over to the nextfinancial year.

[g] Appeal

There shall be a provision of only one appeal.

[i] Appeals against decisions of the BranchManager /DLC:

No appeal shall lie against the order of the BranchManager / District Level Committee (DLC) unless thedecision on settlement is against the provisions of the

scheme. In such cases appeal against the decision ofthe Branch Manager/DLC can be made to the HeadOffice Level Committee (HOLC).

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[ii] Appeals against decisions of the Special HOLC:

Appeals against the decision of the Special HOLC shalllie with the State Level Committee.

All appeal cases shall be registered at the branch level andproposals for settlement shall be forwarded to the Head Officeto reach within 15 days of the registration of appeal forplacing the same before HOLC / State Level Committee.

All appeals shall be filed within 30 days after the decision ofsettlement (appealed against) is conveyed to the party.

An appeal shall be entertained only when an up-front amountequal to 10% of the principal outstanding and registration feesof Rs. 10,000/- is deposited. However, no registration fee for

appeal shall be charged from the entrepreneurs belonging toSC/ST/disabled persons/ex-servicemen / BPL Card holderscases where sanctioned amount is up to Rs.2,00,000/-.

[h] General

Branch Level cases: Branch Manager/DLC shall decidewithin 30 days of registration.

HO Level Appeal cases: The Appellate authority shalldispose of the appeals within 30 days of receipt of theproposal at the Head Office.

[i] Branch Managers will give wide publicity to the schemesand will also arrange display of the schemes on the noticeboard of the branch/DIC/collectors office/office of the localbodies/industries associations, etc.

[j] Branch Managers shall ensure that all eligible cases areidentified and distributed among the officials of the branch forproper follow-up.

[k] All parties should be contacted personally and given noticein writing. Concrete efforts should be made in this directionand it should be ensured that the notice about the scheme isdelivered to the loanee / guarantor.

[l] A register shall be maintained at each Branch. This registershall have column for serial number, date of registration.,name of unit, category, registration fee, upfront amount,outstanding balance, settlement amount, installment allowed,if any, date of settlement, if there is delay, reasons for the

same, and, remarks.

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[m] The branch will send monthly information by the 5th ofeach month to the General Manager (Development) about thenumber of cases registered, amount settled and recoveryaffected.

[n] After depositing the entire settlement amount No DuesCertificate shall be issued stating that the account is settledunder OTS scheme of the Corporation and specify the amountthat the Corporation has sacrificed while settling the account.

[o] All officers of the branch to whom the cases are allotted,will ensure that eligible borrowers are informed of the OTSschemes that parties are contacted personally, and, if needed,pamphlets are distributed as per norms.

[p] Doubts relating to interpretation of any term or clause or

any ambiguity or confusion arising during interpretation orimplementation of the scheme shall be referred to the CMD,who shall be the competent authority to issue necessaryclarifications.

[q] The amount deposited by the party after the decision towrite-off / write-back shall be adjusted against the written-offamount.

For the purpose of calculating settlement amount, the written-off amount less amount deposited after writing off, shall bethe principal sum.

[r] Cases that have already been settled earlier under anyone-time settlement scheme shall not be reopened.

[s] Cases financed under agency loan scheme againstGovernment guarantee may be settled as per provisions ofthe settlement schemes. If such cases are settled in anybranch office, the details of such cases shall be sent to theHead Office (in the format contained in circular no. FR-649

dated 24.01.2011) so that claims with the government couldbe lodged.

(t) Cases of willful defaulters/malfeasance/fraud and wherecriminal cases are pending will not be eligible for settlement.

The Corporation will continue to consider cases of grievances and ofhard nature (not eligible under the above schemes) as per theexisting mechanism of redress of grievances.

******

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Documents

OTS Scheme 04_07_2011