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Recovery Of Loans

Common Inner Banner _ Industry

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/S 12 for execution and attachment of mortgaged properties.  Also the corporation undertakes joint drive with the Certificate Courts looking into the requirements and suggestions of the court.  Through this process a substantial amount is being realized through courts.  By the end of 2018-19, the corporation has recovered Rs.535.68 lakhs against the loan of Rs.307.00 lakhs.

During the year 2019-20 (30th Nov. 2019), a sum of Rs.67.46 lakhs has been recovered with interest from the loanees.