A’ Class and ‘C’ Class members are eligible for availing ‘Gold loan'
The loan will be issued on the security of gold ornaments
The maximum amount of a loan is fixed as Rs.500000/-
50% of the market value of gold ornaments will be disbursed as loan amount
The duration of the loan will be 30 days
The unreleased gold ornaments will be auctioned if the borrower fails to repay and there is no response from the part of the borrower after getting registered notices to repay the loan