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Wednesday, 27 November 2019

How to get farmers benefit from the 3795 crore assistance provided by Gujarat government to farmer

How to get farmers benefit from the 3795 crore assistance provided by Gujarat government to farmer

Farmers will continue to fill up the form for assistance of 6800 + 4000 for crop failure assistance / 4000 for assistance / document required in crop assistance, / where and how.
Farmers who have failed crop or are under crop insurance by Gujarat Chief Minister Vijaybhai Rupani and Nitinbhai Patel have two acre of 6800 rupees per hectare, Rs. 13600 and have received more than one inch of rain in the area and less than two inches of rainfall  Assistance of Rs. 4000 will be allotted and assistance package will be provided to 6800 farmers in 125 talukas of 29 districts.  The information given in this video is how to fill out a form. How to get help documenting how many documents to attach and crop assistance crop failures - Aadhaar card in the required document Passbook Examples of planting 7 12 8 A and bank's passbook will look at such documents.  For failure, you have to apply to your village's Talati-cum-minister and village servant.

Many online portals sanction loans quickly if you hold units in the demat form and have prior permission. In case you physically own fund, then a loan agreement with the financier/bank should be in place.
The lender asks mutual fund registrar like CAMS or Karvy to mark a lien on the number of units being pledged. The registrar then marks the lien and sends a letter to the lender with a copy to the borrower confirming the lien. An important thing to keep in mind is that the lien is marked against the units and not the amount. You cannot redeem the units before you completely repay the loan.
It is important to note that the amount of money that you can get depends on the type of mutual fund you own. For instance, equity-based funds can fetch you close to 50% of the Net Asset Value of your funds. Some banks also have a maximum and minimum cap on the loan amount that you can apply for.
Once the loan is repaid, the financier can send a request to the fund house to lift the lien. You can also enforce a partial removal of lien in case the financiers receive part payment, and this will free up some units while the rest would still be under claim.
The bank can reinforce the lien if the borrower fails to repay the loan in the duration agreed upon. Same goes for defaulting too. In such a situation, the lender requests the mutual fund to redeem the units and send the cheque to the lender.
– Loan against mutual funds is an excellent way to receive instant liquidity against the mutual funds unit you own.
– If you think your mutual fund investment is lying idle, this is an excellent way to raise capital for short-term financial requirements quickly.
– The interest rates for a loan against mutual funds can be lower than that for personal loan interest rate. 
– If you opt for a loan against your mutual fund units, then you would not have to sell your units hence your financial plan, and fund ownership remains intact.

More info in the video

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