Performance report for the month of May 2016
|1||No. of States||1|
|2||No. of Division||1|
|3||No. of Region||1|
|4||No. of Branches||12|
|5||No. of Districts covered||6|
|6||No. of blocks covered||25|
|7||No. of Staff||68|
|8||No. of Field staff||44|
|9||No. of Groups formed||1583||7370||8953|
|10||No.of Groups A/c Closed||1011||7109||8120|
|11||No. of active groups||481||3856||4337|
|12||No. of loans disbursed||11763||51480||63243|
|13||No.of borrowers A/c Closed||8587||31787||40374|
|14||No. of Active loans||3176||19693||22869|
|15||No. of loans disbursed during this month||40||1758||1798|
|16||No. of loans disbursed during the year||40||3082||3122|
|17||No. of Cumulative loans disbursed||11763||51480||63243|
|18||Loan disbursement during this
month in million
|19||Loan Disbursement during the Year in million||1||84.234||85.234|
|20||Cumulative loan disbursement in million||113||890||1003|
|21||Loan outstanding in million||23||374||397|
|22||On Time Recovery||99.90%||99.98%||99.88%|
|23||Late Time Recovery||0.1||0.02||0.12%|
|24||Portfolio at Risk ( PAR ) Above 30 days||Nil||Nil||Nil|
Loan Products guidelines
GMF is complying with all the guidelines as prescribed by RBI vide letter dated 3rd May 2011 (Based on Malegam Committee recommendations) pertaining bank loans to Micro-Finance Institutions.
- Loans are sanctioned for supporting and enabling the members for undertaking income generation activities.
- Loan processing fee is charged at the time of disbursement.
- Penalty is not charged in case of default.
- Prepayment allowed but without penalty.
- Admission fee will not be taken.
- Loan is without collateral.
- Security deposit is not taken at the time of disbursement.
- Loan is repayable by monthly instalments.