Fwd: Guidelines on obtaining / execution of loan documents and agreements:
satyanarayana AGM
From: srinivas siddi <sndgm...@gmail.com>
Date: 9 June 2017 at 14:37
Subject: Guidelines on obtaining / execution of loan documents and agreements:
To: nagaiahravilla <nagaiah...@yahoo.com>, vjku...@gmail.com, siva...@rediffmail.com, Chandrasekhararao Veeranki <csr...@gmail.com>, Kesava Kumar <kesavak...@gmail.com>, suneetha srinivas <sn.ag...@gmail.com>, satyanarayana AGM <streenidh...@gmail.com>, Prakash AGM <sthreenid...@gmail.com>, charles harshavardhan <sthreeni...@gmail.com>, Dharmendra Mande <streenidhi...@gmail.com>, sasikumar pala <sasikumar....@gmail.com>, hemanth vunnam <agmvh.st...@gmail.com>, MEPMA BL <mep...@apmepma.gov.in>, NAGAPRASAD GPS <gps.agms...@gmail.com>, Syamala G <gvs...@gmail.com>, Murali krishna <NMK1.STRE...@gmail.com>, Raja Sekhar <rajasekh...@gmail.com>, ramana pothula <ramanapo...@gmail.com>
Cc: RAMA RAO <prr.sa...@gmail.com>
Guidelines on obtaining / execution of loan documents and agreements:
The loan application and agreements may be executed by member, SHG, VO and MS with Stree Nidhi as per the guidelines mentioned below:
S.No. | Member/SHG/VO/MS | Documents to be obtained | When to obtain |
1 | From member to SHG (Code:01.04) | Demand Promissory Note (DPN)
| Each time when a loan is disbursed to a member of SHG. |
2 | SHG to VO (Code:01.01 to 01.03) | Loan application with details of member wise loan requirements | Each time when a loan is applied to Stree Nidhi by SHG. |
Demand Promissory Note | Each time when a loan is disbursed by Stree Nidhi to SHG. | ||
Articles of Agreement | Each limit when a loan is applied to Stree Nidhi by SHG | ||
Inter-se-agreement among members | One time and valid as long as there is no change in the composition of members of SHGs. | ||
3 | VO to MS (Code:02.01 to 02.03) | VO Resolution | This is one time document to be executed by borrowing VO with Stree Nidhi and will be valid as long as loans have outstanding in the name of SHGs affiliated to it. |
Deed of guarantee by Office Bearers of VO | |||
Agency agreement | |||
4 | MS to Sthree Nidhi (Code:03.01 to 03.03) | MS Resolution | This is one time document to be executed by borrowing MS with Stree Nidhi and will be valid as long as loans have outstanding in the name of SHGs affiliated to it. |
Deed of guarantee from Office Bearers of MS | |||
Agency agreement |
Note:
· The DPN shall be obtained from each member of a SHG availing loan at the time of applying for loan.
· The SHG may execute all the loan documents/agreements and submit to VO/MS
The MS/VO may execute all the documents/agreements and send it to the Stree Nidhi.