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Central Financing Agencies Department

The Cooperative Movement in Maharashtra is nurse and nourished by Three Tier Cooperative Credit Structure, at the helm of which is the MStCB, at the middle level District Central Cooperative Banks and at the village level Primary Agricultural Cooperative Societies.

MStCB is an Apex institution of all District Central Cooperative Banks in Maharashtra State. Central Financing Agencies Department of MStCB caters to the financing needs of District Central Cooperative Banks for providing Agricultural and Non-agricultural advances under various refinance schemes of NABARD. Funds are used to rehabilitate to poor farmers through Primary Agricultural Cooperative Societies and District Central Cooperative Banks. The loans are disbursed through the Regional Offices / Pay Offices of MStCB and utilisation and operations are reported to the Deptt. for control purpose. This department also liasions with NABARD for refinance purpose and with Government for required guarantee.

Figures at a Glance (31.03.2016)

  • Total No. of DCCBs in Maharashtra : 31
  • No. of Branches of DCCBs : 3746
  • No. of PACS : 21085
  • No. of Members of DCCBs  : 200101

Credit facilities provided and activities of Central Financing Agencies Department

A] Products:

  • Short Term Refinance for Seasonal Agricultural Operations : ST(SAO)
  • Medium Term Conversion / Replacement / Reschedulement Loan
  • Sugar Repledge to DCCBs against Pledge limit sanctioned to SSKs.
  • Refinance against Salary Earners Societies
  • Investment Credit (Agri., Agri. allied & Non-agri.)
  • Ways & Means Refinance

B] Activities:

  • Implementation of Govt. (Central / State) sponsored schemes
  • Implementation of Prof. Vaidyanathan Committee recommendations
  • Guidance & help to District Central Cooperative Banks(Seminars,Workshops)
  • Rating of DCC Banks as per CRISIL Module
  • MoU of DCC Banks for the year 2015-2016 & 2016-2017

C] Product Details

1) Short Term Refianance for Seasonal Agricultural Operations ST(SAO):

Objective :
Croploan facility for Ground Level credit through 3 Tier structure(MStCB-- >DCCB-->PACS)
Limit :
S.T(SAO) Refianance facility is provided under NABARD Refinance scheme.NABARD issue policy circular for sanctioning S.T(SAO)Refinance by SCB for every financial year.(NABARD policy for the year 2016-2017:No:33 dated 17 june 2016)
Security :
Pronotes of packs endorsed by DCCB in favour of MStCB
Period :
One years
Rate of Interest :
Prevailing

2) Medium Term Conversion/Rephasement/Reschedulement Loan:

Objective :
Conversion of Short Term Agri. Loan (SAO) into Medium Term Loan. Refinance facility is provided under NABARD Refinance Scheme, under occurrence of Natural Calamities.
Limit :
M.T. conversion limit comprises share of NABARD 60%, State Govt. 15%, DCCB 15% & MStCB 10%. NABARD issues policy circular for every financial year. (NABARD Policy for 2016-17 No.86 dated 27 April 2016)
Security :
Pronotes of PACS endorsed by DCCB in favour of MStCB
Period :
3/5/7 years
Rate of Interest :
Prevailing

3) Schematic lending-Investment Credit:

Objective :
Term loans are sanctioned for Agri., Agri-allied & Non Agri. purposes other than crop loan
Limit :
Refinance is sanctioned under NABARD policy. NABARD issues policy circular for every financial year.
  • 1. NABARD Policy for the year 2016-17 No.84 dated 26 April 2016.
  • 2. NABARD Policy for providing Investment Credit under Long Term Rural Credit Fund for 2016-17 No.150 dated 22 June 2016
Security :
Pronotes of PACS endorsed by DCCB in favour of MStCB
Period :
More than 3 years
Rate of Interest :
Prevailing

4) Sugar Repledge to DCCBs against Pledge limit sanctioned to SSKs:

Objective :
MStCB provides Sugar Repledge to DCCB's against the pledge limit sanctioned by DCCB to sugar factories
Maximum Limit :
80% of Pledge limits sanctioned by DCCB's to sugar factories
Margin :
20%
Security :
Repledge of sugar stock pledged by sugar factories with DCCB
Period :
One years
Rate of Interest :
Prevailing

5) Refinance against Salary Earners Societies :

Objective :
MStCB provides Refinance facility to DCCB's against finance provided / to be provided by DCCB to Salary Earners Societies
Maximum Limit :
80% of Non-overdue outstanding of limit sanctioned by DCCB to Salary Earners Society, Classified as A, B, C
Margin :
20%
Security :
Non-Overdue Cover Statement of DCCB
Period :
One years
Rate of Interest :
Prevailing

6) Ways & Means Refinance:

Objective :
MStCB provides Refinance facility to DCCB's in the form of Ways & Means for maintaining prescribed liquidity by DCCB
Maximum Limit :
Required amount to maintain prescribed liquidity
Security :
Promissory Notes. Joint & Several Liability Bond of Board of Directors of DCC Banks
Period :
Flexible up to One years
Rate of Interest :
Prevailing

Urban Cooperative Banks Department

The department's work relates to financing of the Urban Cooperative Banks. The Refinance is sanctioned to UCBs against their advances to the members for hypothecation / pledge of good and / gold ornaments. In case of finance provided under the special schemes of NHB, RBI, SIDBI, refinance is availed from the respective agencies.

The various types of facilities provided to the UCBs are as under.

  • Cash Credit limit to UCBs against finance to its members (NODC)
  • Loans to UCBs for purchasing / construction of H.O./ Branch Building.
  • M.T.Finance for Computerisation of Head Office and Branches of UCBs
  • Import / Export Business facilities to UCBs through our I.B.D. Department & branches.
  • Overdraft (O.D.) facilities against their fixed deposits with our Bank.
  • Treasury Department of MSCB provides facility like sale / purchase of Government Securities, opening CSGL Account to UCBs.
  • Refinance to UCBs against its Non Overdue finance to members for Housing purpose.
  • Funds of UCBs are transferred through RTGS.
  • Finance against NHB Refinance.
  • Co-finance scheme for Urban Banks to finance their creditworthy clients / Customers.

Urban Banks department is playing very significant role by guiding UCBs on various issues in day to day working. This department consolidates the statistical information of the UCBs in the state and circulates it among member UCBs.

Figures at a glance of Urban Banks 31-3-2016
  • Total of Urban Banks in Maharashtra 516
  • Total of Urban Banks Branches 4769