QADHASANA LOANS PROGRAAME

The CBF lends interest free loans ranging between Rs 25,000/- to Rs 100,000/-. Repayments are made on a monthly basis ranging between Rs 5,000/- and Rs 10,000/-. Security for the repayment is the deposit of one gold sovereign to every Rs 25,000/- taken as loan. The scheme works on a rotational Rs 1.5 Million fund. No administrative or other charges are levied. This scheme helps the avoidance of    raising loans on interest and the danger of losing one’s gold jewellery kept as security with banks or other financial institutions in raising loans. Loans under the CBF scheme are taken for house repairs, redeeming jewellery already kept as security with Banks and other lending Institutions, starting or improving one’s business, for education and for such other matters considered relevant by the Committee.