Intel learn program

Topic:

Consumer Rights & awareness about banking and insurance facilities for farmers

INTRODUCTON
India is a agriculture based country but many of the farmers are not aware of their rights as well as their Duties. In this concern we the JNV Devarahalli, Davangere children have taken up a small Project in our neighboring village about Consumer Awareness on Banking facilities and Crop Insurances. So we met the gram Sabah and interacted with farmers and identified their unawareness facts about bank loans, Interest rate and crop insurance. Then our team tried to create awareness among the farmers through Role Play and Multimedia presentations on Consumer Awareness about Banking and Insurance schemes.

Problems of farmers
Scarcity of SAFE drinking water. Unaware of agricultural insurance facilities to the farmers. Lack of awareness on education.

Unaware of banking facilities.

Less knowledge about consumer rights .

BEWARE OF CHEATING

Come join us! Have fun.

Awareness Before the survey

60

After the survey

50

FULLY KNOWN PARTIALLY KNOWN DON'T KNOW DON'T KNOW 19% FULLY KNOWN 50%

40

30

PARTIALLY KNOWN 31%

20

10

0 FULLY KNOWN PARTIALLY KNOWN DON'T KNOW

We have gone on survey to our neighboring village Devarahalli on 19/11/2010 for collecting desired data in solving and caring their problems.First we met with Sh.Ranganath, (president of gram panchayat). And distributed our questions to members of gram Sabah . Out of the responses to our questionnaire, we learnt that there are many illiterate people in the village. So we thought of educating them on the topic under discussion and to see that they will be benefited much out of it. Following are the details of questionaire and responses of the villagers.[attached to the folder survey questions]

OUR SURVEY QUESTIONS AND ANSWERS, (answers in % and correct answers in bold letters) If the fertilizers &sowing seeds are not in good quality whom do you complaint? A. agricultural department (30%) B. police (50%) C. media (20%) If the company or agricultural department will not take care about your problems (farmers) then where will you complain? A. consumer forum (30%) 2. TaluK office (20%) C.police (50%) If your crops are failed but your crops are insured do you get the benefit of compensation by insurance company? A. yes(40%) B.no (60%) What is the Total population of your panchayat? Ans. Men (3000)Women (2000) = (Literate) 4000,(Illiterate) 1000, childrens(1256) What is the % of people engaged in agriculture? Ans. More than 65% What are the basic problems of your village? Ans. Unawareness of among banking & insurance schemes. Electricity and health. Do the villagers get proper sowing seeds & fertilizers? Ans. Yes 35% No 65% What is the rate of Interest for agriculture loan from nationalized banks? A.6% [25%] B.9% [30%] C.7% (25% ) D.3%(20%) Name the department which certifies the seeds and fertilizers. A. Agricultural department (35%) B.Village panchayath (30%) C.POLICE (35%) What is the rate of interest for agricultural loan from the cooperative societies in Karnataka? 3% B.9% C. 7%

INTERACTION WITH SYNDICATE BANK -Devarahalli DATE: 06/11/2010 We the team members of this project along with guide visited syndicate bank on 06/11/2010 in our locality to know more about bank facilities to the farmers . The manager &the deputy manager interacted with us & given all information for all our queries. 1. What are the facilities your bank is providing to the farmers? Ans. A. Agriculture loan (development loan and crop loan), B.Buisness loan, C.Self employment loan, D.Vehicle loan,E.Pasturing loan , F.Animal husbandry loan, G.Educational loan, H.Cottage industry loan 2. What are the rates of interest for various loans? Ans.A.agricultural loan up to 50,000 -9% interest in that 1% from subsidy from central government 1% from R.B.I. 1% from state government returns within 1 year ( enclosed separately)

RATE OF LOANS FOR VARIOUS CROPS PER ACRE

HOUSING LOAN INTEREST RATE

For Loan Amount up to Rs. 20 lakhs Interest Rate a. Repayment period up to 5 years PLR minus 4.00% b. Repayment period above 5 years and up to 10 years PLR minus 3.50% c .Repayment period above 10 years and upto 20 years PLR minus 3.25% d. Repayment period above 20 years and upto 25 years PLR minus 3.00% For Loan Amount above Rs. 20 lakhs and Interest Rate a. Repayment period upto 5 years PLR minus 3.25% b. Repayment period above 5 years and upto 10 years PLR minus 2.75% c .Repayment period above 10 years and upto 20 years PLR minus 2.50% d. Repayment period above 20 years and upto 25 years PLR minus 2.25% For Loan Amount above Rs. 30 lakhs Interest Rate a. Repayment period upto 5 years PLR minus 2.75% b. Repayment period above 5 years and upto 10 years PLR minus 2.25% c .Repayment period above 10 years and upto 20 years PLR minus 2.00% d. Repayment period above 20 years and upto 25 years PLR minus 1.75% upto Rs.30 lakhs

1. Agriculture LOANES INTEREST RATES

Combined harvester, two, three, four wheeler, Tractor loans Size of the credit limit Interest Rate Up to Rs.50000/PLR minus 2.50% Above Rs.50000/- and up to Rs.2.50 lakhs PLR minus 2.00% Above Rs.2.50 lakhs PLR minus 1.00%
Interest Rate PLR minus 2.50% PLR minus 1.00% Spread to be added to PLR of SYND1 SYND2 SYND 3 SYND 4 SYND 5 SYND 6 SYND7 BELOW 2.00 2.00 & NPA

All other agriculture advances:

Size of the credit limit Upto Rs.50000/Above Rs.50000/- upto Rs.2 lakhs Above Rs.2 lacs Credit Borrower Rating

a. Term loans b. Short TL / Working Capital

-0.25 -0.25

0.00 0.00

0.25 0.25

0.75 1.00

1.25 1.50

1.75 2.00

2.00 2.00

2. Term Deposits interest rate for various deposites A. Domestic Term Deposits (All Maturities) 7 days to 14 days* 15 days to 30 days 31 days to 45 days 46 days to 90 days 91 days to 120 days 121 days to180 days 181 days to 269 days 270 days to 364 days 1 year to less than 2 years** 2 years to less than 3 years 3 years to < 5 years 5years & up to 10 yrs 3. Term Deposits A. Domestic Term Deposits (All Maturities) 7 days to 14 days* 15 days to 30 days 31 days to 45 days 46 days to 90 days 5.50 For Deposits of Above Rs. 10.00 Crore Rate of Interest w.e.f 10.12.2010 3.50 4.00 4.50 8.25 8.50 7.75 5.50 6.25 6.50 6.50 6.75 8.20 For Deposits upto Rs. 10.00 crore Rate of Interest w.e.f. 10.12.2010 3.50 4.00 4.50

91 days to 120 days

121 days to 180 days 181 days to 269 days 270 days to 364 days 1 year to less than 2 years ** 2 years to less than 3 years 3 years to less than 5 years

6.25
6.50 6.50 6.75 8.20 8.25 8.50

GOLD WINNER
REFINED OIL.COMPANY P VT . L I M I T E D REFINED OIL.COMPANY P VT . L I M I T E D

MR P =

6 3 .5 0 MR P = 7 3 .5 0

M F G , D AT E = E X P , D AT E = M AR K = M F G , D AT E = 1 1 . 1 1 . 1 0 E X P , D AT E = 1 2 . 0 5 . 1 1 M AR K =

GOLD WINNER
THANK YOU FOR BUYING THANK YOU FOR BUYING

role play by project team ON BANKING All required information pertaining to Banking were given by the students through role play on the day of showcasing

Panchayat leader

1. 2. 3. 4. 5.

By this project.

Their Rights. Knowledge of insurance companies. How to deal with banking facilities. Aiming at adequate self awareness and self- learning. No , room for middle men and agents. we got the awareness on our rights, so far we were working day & night but were exploited by middle men and we were very much ignorant about our facilities extended by the bank and insurance companies.

Farmer expected to know

Sl. No 1.

ITEM

SIZE IN FEETS 5/4

NO. OF COPIES 02

Rate per item 200

COST for whole item RS.400

FLEX SHEET SHOWING BANK INTREST RATES

2.

Chart SHOWING different crop LOANS

Chart Exhibiting Different schemes & loans for farmers Laborers

5/4

04

200

RS.800

3.

5/4

02

200

Rs.400

4.

02

100

RS.200

Solutions for the problems

Educating the villagers about consumer rights, through bank authorities as resource persons as a joint venture. Conducting training programmes to the farmers at their village with the help of bank officials to give first hand information regarding agricultural credit, crop insurance, educational loan, self employment loan. (The application form shown to the farmers for availing bank loan is attached in the loan folder)

BE AWARE OF YOUR RIGHTS

BEFORE PURCHASE ensure M.R.P & ASK FOR PROPER BILL

CONSUMER SHOULD BE AWARE OF AGMARK AND ns as standardized by the govt. isi sig

Our vision
We the children of jnv davanagere are here by solemnly accepted to take active part in solving our village farmers problems by taking the help from local bank.

We want to make our Farmers fully aware of banking facilities and insurance schemes. In turn we want to build a strong self sufficient in sustainable development of the village.

Our References
http//www.clipart.com, http//www.govtofindia.co.in http//www.consumer.com

We Thank Our Beloved Gurus:

C.Ammal

(Principal)

A.C.S.
Yogesh

Reddy (Vice principal)

.M . (TGT .S.Sci.)
(PRESIDENT GRAM PANCHAYATH DEVARAHALLI)

Ranganath

NANDISH.G.K

SAGAR.N

GURURAJ.K
s

LAKSHMI.S.R

TEJASWINI.K.R