AP Runa Mafi Eligibility Criteria

AP Runa Mafi Eligibility Criteria

The following categories of borrowers are eligible for loan waiver scheme

Family  who  have  directly  availed  of  crop  production  loans  against hypothecation of standing crops/mortgage of land/ pledge of gold ornaments
Rythumitra and Joint Liability Groups having availed crop loans, are eligible on pro-rata basis as per the amount drawn by each member, the aggregate amount subject to waiver ceiling.
Credit extended to holders of Kisan Credit Card.
Family  whose  crop  loan  was  converted  into  medium  term  loan  due  to occurrence of natural calamities.
Agriculture Gold loan for crop production purpose subject to the loan being supported by ROR, observance of seasonality and scales of finance by the bank.
In the event of both the pattadar holder as also the LEC holder/oral lessee availing  short  term  crop  loans  on  the  same  survey  number,  the  benefit should be extended to the LEC holder / tenant cultivator only.
Loans to farmers by companies or other institutions like registered societies (other than FSCs/PACCs) trusts, partnerships, MFIs/UCBs are not covered under the scheme.

Eligibility Criteria:

i.  For purposes of loan waiver family is taken as a unit. The total amount of loan waived for all eligible  purposes from all banks taken together  cannot exceed the ceiling of Rs.1.50 lakhs fixed for the waiver.
ii.  The  total  amount  eligible  for  waiver  shall  be  limited  to  crop  loan  and agriculture gold loan for crop purposes and short term credit converted into MT loan subject to the ceiling prescribed for family.
iii.  The total amount that can be waived will be the aggregate of actual amount outstanding in the respective loan accounts of family subject to a ceiling of Rs.1.50  lakh,  for  crop  loan  or  gold  loan  or  converted  crop  loan  jointly  for family. The benefit should be limited to Rs.1.50 lakhs per family

Definition of Family:
Family is defined as i.e. Head of the family, his wife &  dependent children. Criteria to identify the family members shall be from documents like Ration Card, Voter list etc.