Loan Relief Fund (Insurance Coverage)

₹

SOUTH CENTRAL & SOUTH COAST RAILWAY

Loan Relief Fund contribution and benefits available to shareholders

Contribution towards the Loan Relief Fund

The Loan Relief Fund is created and credited by debiting 2% of the gross loan amount on every fresh loan issued to the shareholder.

2% of the net amount is debited on every subsequent loan issued to the shareholder.

Fresh Loan 2% of gross loan amount

Subsequent Loan 2% of net amount

50%

Normal Settlement 50% of shareholder contribution

✓

Benefits available under the Loan Relief Fund

S.No.	Criteria	Benefit Extended
1	Natural Death of Shareholder	Loans are adjusted from the Loan Relief Fund, excluding Vehicle Loan and Festival Loan.
2	Normal Settlement	50% of the amount contributed by the shareholder would be refunded from the Fund to the Shareholder.

Natural Death: Loans are adjusted from the Loan Relief Fund, excluding Vehicle Loan and Festival Loan.

Normal Settlement: 50% of the amount contributed by the shareholder would be refunded from the Fund to the Shareholder.