Associated Bodies

Recovery of Loans

The corporation has taken all out efforts for realization of the corporation dues by way of personal contact, issue of notices, filing of certificate cases under OPDR Act. In deserving cases, the certificate, cases have been transferred to the concerned Districts U/3 12 for execution and attachment of mortgaged properties. Also the corporation undertakes joint drive with the Certificate Courts. Through his process a substantial amount is being realized through courts.

By the end of the year, 2008-09 a sum of Rs 463.40 lakhs was recovered with interest against the loan amount of Rs 307 00 lakhs. During the year 2009-10 the corporation has recovered a sum of Rs 2.10 lakhs from different loanees I CDRS The recovery of Loan has adversely affected during the current year as the number of lonees are waiting to effect one time settlement after finalization of rules by Government and there is slow progress of recovery through the Certificate Courts by non-execution of certificate cases in district levels.