(1)

Ļ¯ೇಷ ªಾಜÍ ಪĦΐೆ

GOVERNMENT OF KARNATAKA

No. FD-CAM/23/2025 Karnataka Government Secretariat,

401, 4^th Gate, M. S. Building,

Bengaluru, Date: 06.08.2025.

NOTIFICATION

The draft of the Karnataka Micro Loan and Small Loan (Prevention of

Coercive Actions) Rules, 2025 which the Government of Karnataka, proposes to

make in exercise of the powers conferred by section 18 of the Karnataka Micro

Loan and Small Loan (Prevention of Coercive Actions) Act, 2025 (Karnataka Act No.

15 of 2025) is hereby published as required by sub section (2) of the section 18 of

the said Act for the information of all the persons likely to be affected thereby and

notice is hereby given that the said draft will be taken into consideration after the

expiry of fifteen days from the date of its publication in the Official Gazette.

Any objection or suggestion, which may be received by the State Government

from any person with respect to the said draft before expiry of the period specified

above, will be considered by the State Government. Objections or suggestions may

be addressed to the Secretary to the Government, Finance Department (Fiscal

Reforms), M.S. Building, Dr. B.R. Ambedkar Veedhi, Bengaluru – 560 001.

DRAFT RULES

1. Title and Commencement.- (1) These rules may be called the Karnataka

Micro Loan and Small Loan (Prevention of Coercive Actions) Rules, 2025.

(2) They shall come into force from the date of their final publication in the

Official Gazette.

2. Definitions.-(1) In these rules, unless the context otherwise requires the

following namely:-

¨sÁUÀ – 4J

Part – IVA

11

2025

20

1947)

BENGALURU, MONDAY, 11 AUGUST, 2025 SHRAVANA 20, SHAKAVARSHA 1947)

. 444

No. 444

2

(a)

“Act” means the Karnataka Micro Loan and Small Loan

(Prevention of Coercive Actions) Act, 2025 (Karnataka Act

15 of 2025);

(b)

“Authorized representative” means a person, other than an

advocate, duly appointed and authorized in writing to

represent the complainant in the proceedings before the

Ombudsperson;

(c)

‘Annexure’ means Annexure appended to these rules;

(d)

“Award” means an award passed by the Ombudsperson;

(e)

“Banking" means as defined in the Banking Regulation

Act, 1949 (Central Act No.10 of 1949);

(f)

“Complaint” means a representation in writing or through

other modes like e-mail, alleging deficiency in service on

the

part

of

a

Lender

and

seeking

relief

from

Ombudsperson;

(g)

“Deficiency in service” means a shortcoming or an

inadequacy in any financial service or such other services

related thereto, which the Lender is required to provide

statutorily or otherwise, which may or may not result in

financial loss or damage to the Borrower;

(h)

“Form” means a form appended to these rules;

(i)

Micro Finance Institution (NBFC-MFI): “NBFC-MFI” means

a non-deposit taking NBFC which has a minimum of

seventy five percent of its total assets deployed towards

“microfinance loans” as defined by the Reserve Bank of

India;

(j)

“Microfinance loan” means Microfinance loan as defined

by Reserve Bank of India, which as a collateral-free loan

given to a household having annual household income up

to ₹3,00,000. For this purpose, the household shall mean

an individual family unit, i.e., husband, wife and their

unmarried children. All collateral-free loans, irrespective

of end use and mode of application/ processing/ disbursal

(either through physical or digital channels), provided to

low-income households, i.e., households having annual

income up to ₹3,00,000, shall be considered as

microfinance loans; and

(k)

Non-Banking Financial Company (NBFC) means a

company registered under the Companies Act, 2013

(Central Act No. 18 of 2013) and engaged in the business

of

loans

and

advances,

acquisition

of

shares/stocks/bonds/debentures/securities issued by

Government or local authority or other marketable

securities of a like nature, leasing, hire-purchase, etc., as

3

their principal business, but does not include any

institution whose principal business is that of agriculture

activity, industrial activity, purchase or sale of any goods

(other than securities) or providing any services and sale

or purchase or construction of immovable property; and

(l)

“Section” means the section of the Act.

(2) All other words and expressions used in these rules but not defined,

defined in the Act, relevant laws and General Clauses Act, 1899 (Karnataka Act III

of 1899) shall have the same meaning as respectively assigned to them.

3. Registration.- Subject to the provisions of section 3, the Lender shall

submit the following details and documents for registration in Form No I.

4. The Lending norms.- Subject to the provisions of section 5, the lending

norms , collection and recovery practice shall be as under :

A. Applications for loans and their processing,-

(i) while sanctioning the loans, Lender shall obtain to the best

of his knowledge, and on an Affidavit to that effect, the

details of outstanding borrowings from all sources, the

income from all sources, and the purposes and uses of the

borrowings now sought, as measures of due diligence and

ensure the amount, terms and conditions of the loan are

within the repaying capacity of the applicant.

(ii) lender shall have a policy regarding the limit on the outflows

on account of repayment of monthly loan obligations of a

household as a percentage of the monthly household

income.

(iii) all communications with the borrower shall be in Kannada.

(iv) loan application forms shall include necessary information

which affects the interest of the borrower, so that a

meaningful comparison with the terms and conditions

offered by other Lenders can be made and informed

decision can be taken by the borrower.

(v) the loan application form shall indicate the documents

required to be submitted with the application form.

(vi) lenders shall not obtain any collateral for the loans lent to

its borrowers.

(vii) the Lenders shall give acknowledgement in writing

immediately upon receipt of each loan application and

indicate therein, the time period within which the loan

application shall be disposed of.

4

B. Loan appraisal and terms/conditions-

(i)

The Lenders shall convey in writing to the borrower in a Key

Fact Sheet (KFS) or by means of sanction letter the amount

of loan sanctioned along with the terms and conditions

including annualised rate of interest and method of

application thereof and keep the acceptance of these terms

and conditions by the borrower on its record. Lenders shall

mention the penal interest charged for late repayment in

bold in the loan agreement.

(ii) Lenders shall furnish a copy of the loan agreement as

understood by the borrower along with a copy each of all

enclosures quoted in the loan agreement to all the

borrowers at the time of sanction / disbursement of loans,

if sought by the borrower.

5. The norms for disbursement of loans.- Subject to the provisions of

section 7, the following shall be adhered to :

A. Disbursement of loans including changes in terms and conditions;

(i) The Lenders shall give notice to the borrower of any change in

the terms and conditions including disbursement schedule,

interest rates, service charges, prepayment charges etc.

(ii) Lenders shall also ensure that changes in interest rates and

charges are effected only prospectively. A suitable condition in

this regard shall be incorporated in the loan agreement.

B. Disclosures in loan agreement / Key Fact Sheet:

(i) all Lenders shall have a Management approved, standard form

of loan agreement. Standard form of loan agreement for each

loan scheme shall be submitted along with registration form.

Modifications in the agreements if any in future are to be

submitted to the Registration Authority.

(ii) in the loan agreement the following shall be disclosed:

(a)

all the terms and conditions of the loan, including

but not restricted to -

(i)

amount of principal;

(ii)

rate of interest;

(iii)

period of re- payment; and

(iv)

period of moratorium.

(b)

the effective rate of interest charged along with other

costs like processing fees.

(c)

penalty charged on delayed payment, specified if in

the form of an amount or a rate or a combination

(d)

an assurance that the privacy of borrower data will

be respected.

5

C. Key Fact Sheet shall reflect the following details, namely:-

(i) the effective rate of interest charged;

(ii) processing fees;

(iii) insurance ;

(iv) penal charges on delayed payments;

(v) repayment schedule;

(vi) all other terms and conditions attached to the loan;

(vii) information which adequately identifies the borrower and

acknowledgements by the Lender of all repayments

including instalments received and the final discharge;

(viii) the Key Fact Sheet shall prominently mention the

grievance redressal system set up by the Lender and also

the name and contact number of the nodal officer&

grievances officer;

(ix) non-credit products issued shall be with full consent of

the borrowers and fee structure shall be communicated

in the Key Fact Sheet itself; and

(x) key Fact Sheet shall be signed by the authorised

representative of the Lender.

D. Collection and Recovery of loans :

(i) Lender shall issue an approved Code of Conduct by field staff

and systems for their recruitment, training, sensitisation and

supervision with respect to provisions of this Act and Rules

and other relevant laws in force. The Code shall lay down

minimum qualifications necessary for the field staff and shall

have necessary training tools identified for them to deal with

the borrower. Training to field staff shall include programs to

inculcate appropriate behaviour towards borrowers without

adopting any coercive debt collection / recovery practices.

(ii) Remuneration for staff shall have more emphasis on areas of

service and borrower satisfaction than merely the number of

loans mobilized and the rate of recovery. Penalties and other

disciplinary action shall also be specified in cases of non-

compliance by field staff with the Code of Conduct and shall

be without any prejudice to any other punitive action under

the Act. This provision shall extend to contract and

outsourced staff as well.

6. Transparency in Interest rates.- Subject to the provisions of section 7,

the following shall be adhered to :

(a) Managements of the Lenders shall adopt an interest rate

model taking into account relevant factors as mentioned in

sub–section (1) of section 7, and no other costs shall be

included in the pricing of the loan.

6

(b) The rate of interest shall be disclosed to the borrower or

customer in the application form and communicated

explicitly in the sanction letter or Key Fact Sheet (KFS).

(c) The rates of interest shall also be made available on the web-

site of the Lender.

(d) The information published in the website or otherwise

published shall be updated whenever there is a change in

the rates of interest.

(e) The rate of interest shall preferably be an annualised rate

so that the borrower is aware of the exact rates that would

be charged to the account.

(f) The changes in interest rates and charges are to be effected

only prospectively giving due notice to borrowers.

7.

The books / ledgers to be maintained.-(1) Subject to the provisions

of section 7, the following books / ledgers shall be maintained by the Lenders :

(i) Balance Sheet;

(ii) Income & Expenditure Statement ;

(iii) Cash-flow Statements; and

(iv) Portfolio Report.

(2) The Lender shall maintain Quarterly Statement of Loans Outstanding and

Repayments and Annual Statement of Loans Outstanding and Repayments.

8. Office in the District.- (1) Subject to the provisions of section 7, every

lender in the District shall have an Office within the District of operation.

(2) Police authorities shall notify the Registration Authority under the Act

(Deputy Commissioner of the Districts) promptly, along with a copy of the

complaint, if any and the FIR, about each case registered against registered entities

under the penal sections of the Act and also submit reports on the filing of charges

and in case charges are framed by the competent court, the progress and verdict

in the prosecution.

9. Ombudsperson.- (1) Subject to the provisions of section 11, Additional

Deputy Commissioner of the Revenue Department shall be the Ombudsperson.

(2) The Ombudsperson shall be the mediator acceptable to both parties

in a dispute. Hence the applicant agency shall accept the Ombudsperson

appointed by Government as mediator by an affidavit at time referring the dispute

/matter to Ombudsperson.

10.

Grievance Redressal Forum.- (1) Subject to the provisions of section

12, Grievance Redressal Forum is for resolving customer grievances in relation to

Lender.

A. Functions of the Ombudsperson

(i)

The Ombudsperson shall perform all or any of the following

functions, namely :–

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(a) investigate into any allegation contained in a complaint

by a Borrower against a Lender or his employees and

agents or on a reference from Government;

(b) Record statements and obtain documents as required

from the complainant and the person complained

against,

(c) pass an order on the allegation in the following manner,

namely:–

(i) where the irregularity involves a criminal offence

committed by a public servant,

(ii) the matter shall be referred to the appropriate

authority for investigation;

(iii) where

the

irregularity

causes

loss

or

inconvenience to a Borrower, pass an Award

directing the Lender to provide compensation and

to reimburse the loss from the person responsible

for the irregularity;

(iv) where the irregularity is due to omission or

inaction, pass an order to rectify the mistake.

(ii) In addition to the functions enumerated in clause (i) the

Ombudsperson may pass interim order restraining the Lender from

doing anything detrimental to the interest of the complainant if it

is satisfied that much loss or injury will be caused to the

complainant due to the alleged act.

(iii) The Ombudsperson may, by order, impose penalty in addition to

compensation if it is of opinion that the irregularity involves

corrupt practice for personal gain.

B. Powers of Ombudsperson

(i) The Ombudsperson shall, for the purpose of any investigation or

enquiry under this Act, have the power in respect of the following

matters, namely:–-

(a) Summoning and enforcing the attendance of any

witness and examining him;

(b) Requiring the discovery and production of any

document from Lender or Borrower;

(c) receiving evidence on affidavits;

(d) requisitioning any public records, or copy there of,

from any public servant engaged in implementing

this Act;

ii. Where the Ombudsperson finds that the allegation contained in a

complaint is without any substance or trivial in nature, it may by

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order direct the complainant to pay to the opposite party an

amount specified in the order by way of costs.

iii. Where the allegation contained in a complaint is in respect of the

loss or inconvenience caused to a Borrower, the Ombudsman may,

during enquiry, collect evidence, determine the loss and direct in

its order the amount to be realized from the person responsible.

iv. If the amount to be paid as per the order passed by the

Ombudsman under sub-rule (ii) or sub-rule (iii) is not paid within

the period specified by it, the same shall be recovered as arrears of

land revenue.

C. Procedure for Filing a Complaint

(i) The complaint may be lodged personally through physical

mode or online through the portal to be designed for the

purpose, if any. The complaint shall be duly signed by the

complainant or by the authorized representative.

(ii) Any Borrower aggrieved by an act or omission of a Lender or

Lender may file a complaint personally or through an

authorized representative.

(iii) No complaint shall lie under the forum in matters involving

commercial judgement/decision of the Lender.

(iv) A complaint under the forum shall not lie unless the

complaint

had,

before

making

a

complaint

to

the

Ombudsperson made a written complaint to the Lender

concerned and the complaint was rejected wholly or partly by

the Lender, and the complainant is not satisfied with the

reply; or the complainant had not received any reply within

thirty days after the Lender received the complaint; and the

complaint is not in respect of the same cause of action which

is already pending before any Court, Tribunal or Arbitrator or

any other Forum or Authority; or, settled or dealt with on

merits, by any court, Tribunal or Arbitrator or any other

Forum or Authority, whether or not received from the same

complainant

or

along

with

one

or

more

of

the

complainants/parties concerned and the complaint is not

abusive or frivolous or vexatious in nature.

D. Power to Call for Information

(i) The Ombudsperson may, for the purpose of carrying out

duties, require the Lender against whom the complaint has

been made, to provide any information or furnish certified

copies of any document relating to the complaint which are

or is alleged to be in its possession.

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(ii) In the event of failure of a Lender to comply with the

requisition without sufficient cause, the Ombudsperson may

draw an inference that the Lender has no information to

furnish.

(iii) The Ombudsperson shall maintain confidentiality of the

information or the documents coming to its knowledge or

possession in the course of discharging duties and shall not

disclose such information or documents to any person except

as otherwise required by law, or with the consent of the

person furnishing such information or documents. Provided

that

nothing

in

this

sub-clause

shall

prevent

the

Ombudsperson from disclosing information or documents

furnished by the parties to the proceedings to each other, to

the extent considered necessary to comply with the

principles of natural justice and fair play:

E. Resolution of Complaints

(i)

The Ombudsperson shall endeavour to promote settlement

of a complaint by agreement between the complainant and

the Lender through facilitation or conciliation or mediation.

(ii)

The Ombudsperson may pass interim order to prevent from

doing anything detrimental to the interest of the complainant

if it is satisfied that much loss or injury will be caused to the

complainant due to the alleged act.

(iii)

The proceedings before the Ombudsperson shall be

summary in nature and shall not be bound by any rules of

evidence. The Ombudsperson may examine either party to

the complaint and record their statement.

(iv)

The Lender shall, on receipt of the complaint, file its written

version in reply to the averments in the complaint enclosing

therewith copies of the documents relied upon, within 15

days before the Ombudsperson for resolution.

(v)

Provided that the Ombudsperson may, at the request of the

Lender in writing to the satisfaction of the Ombudsperson,

grant such further time as may be deemed fit to file its

written version and documents.

(vi)

In case the Lender omits or fails to file its written version and

documents within the time, the Ombudsperson may proceed

ex-parte based on the evidence available on record. There

shall be no right of appeal to the Lender in respect of the

Award issued on account of non-response or non-furnishing

of information sought within the stipulated time.

10

(vii)

The Ombudsperson shall ensure that the written version or

reply or documents filed by one party, to the extent relevant

and pertaining to the complaint, are furnished to other party

and follow such procedure and provide additional time as

may be considered appropriate.

(viii)

In case the complaint is not resolved through facilitation,

such action as may be considered appropriate, including a

meeting of the complainant with the officials of Lender, for

resolution of the complaint by conciliation or mediation may

be initiated.

(ix)

The parties to the complaint shall cooperate in good faith

with the Ombudsperson, as the case may be, in resolution of

the dispute and comply with the direction for production of

any evidence and other related documents within the

stipulated time.

(x)

If any amicable settlement of the complaint is arrived at

between the parties, the same shall be recorded and signed

by both the parties and thereafter, the fact of settlement may

be recorded, annexing thereto the terms of settlement,

directing the parties to comply with the terms within the

stipulated time.

(xi)

The complaint would be deemed to be resolved when:

a. it has been settled by the Lender with the

complainant

upon

the

intervention

of

the

Ombudsperson; or

b. the complainant has agreed in writing or otherwise

(which may be recorded) that the manner and the

extent of resolution of the grievance is satisfactory;

or

c. the complainant has withdrawn the complaint

voluntarily.

F. Order or Award by the Ombudsperson

(i)

Unless the complaint is rejected, the Ombudsperson

shall pass an Award in the event of:

(a) non-furnishing of documents/information or

(b) the matter not getting resolved based on records

placed,

and

after

affording

a

reasonable

opportunity of being heard to both the parties.

(ii)

The Ombudsperson shall also take into account, in

addition, directions, instructions and guidelines issued

by Government from time to time and such other factors

11

as may be relevant, before passing a reasoned Award.

(iii)

The Award shall contain, inter alia, the direction, if any,

to the Lender for specific performance of its obligations

and in addition to or otherwise, the amount, if any, to be

paid by the Lender to the complainant by way of

compensation for any loss suffered by the complainant.

(iv)

Where the irregularity causes loss or inconvenience to a

Borrower, Ombudsperson may pass an Award directing

the Lender to provide compensation and to reimburse the

loss from the person responsible for their regularity;

(v)

Where the irregularity is due to omission or inaction,

pass an order to rectify the mistake.

(vi)

The compensation that can be awarded by the

Ombudsperson shall be exclusive of the amount involved

in the dispute.

(vii)

A copy of the award shall be sent to the complainant and

the Lender.

(viii)

The Award passed shall lapse and be of no effect unless

the complainant furnishes a letter of acceptance of the

Award in full and final settlement of the claim to the

Lender concerned, within a period of thirty days from the

date of receipt of the copy of the Award or they have filed

an appeal.

(ix)

The Lender shall comply with the Award and intimate

compliance to the Ombudsperson within thirty days from

the date of receipt of the letter of acceptance from the

complainant, unless it has preferred an appeal.

(x)

The Ombudsperson may, by order, impose penalty in

addition to compensation if is of opinion that the

irregularity involves corrupt practice for personal gain.

G. Rejection of a Complaint

(i)

Complaints not filed within the period of loan or within one

year which ever is less, shall be rejected.

(ii)

Ombudsperson may reject a complaint at any stage if it

appears that the complaint made:

(a) is non-maintainable; or there is no sufficient ground

to initiate proceedings; or

(b) is in the nature of offering suggestions or seeking

guidance or explanation or other remedies are

available to the complainant and it would be more

beneficial for the complainant to avail of such

remedies in view of the circumstances of the case.

12

(iii)

The Ombudsperson may reject a complaint at any stage, if :

(a) in his opinion there is no deficiency in service; or

(b) the compensation sought for the consequential loss is

not justifiable,

(c) the complaint is not pursued by the complainant with

reasonable diligence; or

(d) the complaint is without any sufficient cause; or

(e) the complaint requires consideration of elaborate

documentary and oral evidence and the proceedings

before the Ombudsperson are not appropriate for

adjudication of such complaint; or

(f) in the opinion of the Ombudsperson there is no

financial loss or damage, or inconvenience caused to

the complainant.

(g) The complaint is frivolous or vexatious or is not made

in good faith

(iv)

The Ombudsperson shall submit to the Principal secretary

to Government, Revenue department a report before 31st

March every year containing a general review of the activities

of the cases resolved/under process of the preceding

financial year and shall furnish such other information as

the Government may direct.

THAAWARCHAND GEHLOT

GOVERNOR OF KARNATAKA

By Order and in the name of

the Governor of Karnataka,

Dr. Vishal R

Secretary to the Government,

Finance Department

(Fiscal Reforms)

13

ಕකბಟಕ ಸ౽ბರ

ನ෩ච – 1 /FORM-1

(ඛಯಮ -3 ರಪ౳౽ರ)

(ಕකბಟಕ ౾ฆ (Micro) ๬ಲ ಮൡ౨ ಸಣ౧๬ಲ (ಬಲ๋ತದ ಕ౳ಮಗಳ ಪ౳ൟීಧಕ) ಅඌඛಯಮ –

2025 ರ ๲ౘඨ – 3 ರല ಮൡ౨ ඛಯಮ 3 ರല ෭ಆ౳ೕ වකඨ౺ ๸๲౩ಗำ/๬ಲඛೕലಃ ಏ೬ඛ౺ಗำ

ಅಥ฿ ๸๲౩ ಅಥ฿ ศ฿ඃเർರฆ ಸย౵ಸ෎౽ದ ෥๼ൟಯ ನ෩ච)

ಡ,

೧ม౵ඌ౽คಗำ ಮൡ౨ ඣೕಂದ൐ ඩ౳ඌ౽ರ

………………………..………………………….. ೧ว౵

1

๬ಲർತ ಘಟಕದ ກಸฆ

Name of the Lender entity

2

ಘಟಕದ ๸ರಚච

(෥ยೕಕತ౷/ඩฤർคಃ/ಟ౳๺ౣ/ಉಪඛ ಇ൞౲ൽ)

Constitution

of

the

entity

(Proprietorship/Partnership/Trust/Company

etc)

3

ಉಪඛಗัಡ ๸ීඌ๭ඈ൤ Memorandum of

Association & Articles of Association (AoA) /

ಟ౳๺ౣ ಗัಡ

๸ීඌ๭ඈ൤

ಟ౳๺ౣ

ലೕി

/

๸ಘಗัಡ

๸ීඌ๭ඈ൤

๸ಘದ

Memorandum of Association (MoA) ಅಥ฿

෴โඃ

ಇತರ

ಘಟಕಗัಡ๸ීඌ๭ඈ൤

๸ීඌತ ർಖวಗಳඝ౬ಲಗൟ౨๯โൿ.

Memorandum of Association & Articles of

Association (AoA) in case of Companies /

Trust Deed in case of Trusts / Memorandum

of Association (MoA) in case of Societies or

relevant documents as the case may be in the

case of any other entities, to be enclosed.

4

๰ಕ౨ ౽෵ංಗಳ ಅലಯย౵ ඣೕಂದ൐ ಪ౳෥ಣ

ಪತ౳ಗಳ ಪ౳ൟಗಳඝ౬

ಲಗൟ౨๯โൿ(෴โർದง ಇದ౪ฉ)

Copies of registration certificates under

appropriate Act/s. applicable, if any

5

ಉಪඛಗಳ

/

ಟ౳๺ౣ ಗಳ

ඣೕಂದ൐ಡ

๸ීඌ๭ඈ൤, ๸෽ೕಜචಯ ൽකಂಕ

Date of incorporation in case of companies /

registration in case of trusts etc.,

6

ವ౲ವ๻ರದ ඩ౳ฏಭದ ൽකಂಕ

Date of commencement of business

14

7

೧ว౵ಯย౵ ವ౲ವ๻ರ ඩ౳ฏಭದ ൽකಂಕ

Date of commencement of business in the

District

8

ඣೕಂർ෵ತ ಕ೏คಯ เะಸದ

ඬฃๅ(ඬฃๅಯඝ౬ ಲಗൟ౨๭)

Proof of Address of the Registered Office

(Enclose the proof)

9

ฃಜ౲ದย౵ฆವ ඛ฀ತ౳ಣ ಕ೏คಯ ෨ಖ౲ಸ౩ರ

ກಸฆ, ಮൡ౨

เะಸ

๸ಪಕბ เವರಗำ (඀ರ฿൐ ಮൡ౨ ෮ාฯ

๸ಒ౲ಗำ)

ಇ-෬ฯ ಐല

Nameof the Head of the controlling office in

the State

Address

Contact details (Phone & Mobile Nos)

E-mail ID

10

೧ว౵ಯย౵ฆವ ඛ฀ತ౳ಣ ಕ೏คಯ ෨ಖ౲ಸ౩ರ

ກಸฆ,

เะಸ

๸ಪಕბ เವರಗำ (඀ರ฿൐ ಮൡ౨ ෮ාฯ

๸ಒ౲ಗำ)

ಇ-෬ฯ ಐല

Name of the Head of the controlling office in

the District

Address

Contact details (Phone & Mobile Nos)

E-mail ID

11

೧ว౵ಯ ฿౲ඪ౨ಯย౵ ๸๲౩ಯ ๎ಒಗำ

౽ಯბඛವბ๼๯ൟ౨ฆವ ಛ౳ಮಗำ ಮൡ౨

ಪಟౣಣಗำ (ຄೕಬั ಮൡ౨ ൞ล౵ಀ ಸ๼ತ

ಉว౵ೕ಍๯โൿ).

Villages (duly mentioning Hobli&

Taluka) and towns in which lender is

operating in the District.

12

೧ว౵ಯ ฿౲ඪ౨ಯย౵ ๸๲౩෷

౽ಯბඛವბ๼ಸฤ ಪ౳๬౨ඪ๭ฆವ ಛ౳ಮಗำ

ಮൡ౨ ಪಟౣಣಗำ (ຄೕಬั ಮൡ౨ ൞ล౵ಀ

ಸ๼ತಉว౵ೕ಍๯โൿ).

Villages (duly mentioning Hobli&

Taluka) and towns in which they

propose to operate in the District.

15

13

เඌಸมಞൟ౨ฆವ ಬല౥ದರ,

Rate of interest being charged,

14

๬ಲವඝ౬ ෱೪ฆ ෥ഴ฿ಗ ಸค෴ದ

ಪค๏ೕಲච ನഷ๯ವ เඋನಮൡ౨ ಪค൏ಮ౽ค

๬ಲ ವ๰มൟ เඋನ (เವರಗಳඝ౬

ಸย౵๯โൿ)

System of conducting due diligence

and system of effecting recovery

(Furnish Details)

15

๬ಲ ಬಟ฿ഷ ෥ഴವ ಅಥ฿ ವ๰มൟ

෥ഴವ ಚഖವഔಃಯඝ౬ ನഷಸฤ ಅඌ౽ರ

ຄಂൽฆವ ವ౲౾౨ಗำ / ಏ೬ඛ౺ಗಳ ಪഔౣ

(เವರಗಳඝ౬ ಸย౵๯โൿ)

List of persons / agencies authorized

for conducting the activity of lending

or recovery of money which has been

lent (Furnish Details)

16

ಕඛಷ౤ ಈ ಃಳಜನ เವರಗಳඝ౬ ಒಳತಂലฆವ

(ඣೕಂದ൐ಛಜ ಅ೧ბ ಸย౵๭ದ ๼ಂൽನ ൟಂಗಳ

ಆචಯ ൽನඈൿ)೧ว౵ಯ ಛ౳ಮ฿ฆ /

ಪಟౣಣ฿ฆ ಘಟಕൽಂದ ๬ಲಛರರ เವರ฿ದ

ಪഔౣ (เವರಗಳඝ౬ ಸย౵๯โൿ /ಲಗൟ౨๯โൿ):

Detailed list of borrowers from the

lender in the district village-wise /

town-wise containing at least the

following details (as at the last day of

the previous month in which the

application for registration is

submitted) - (Enclose the details):

(i)

๬ಲಛರನ ກಸฆ ಮൡ౨ เะಸ,

Name and address of the borrower,

(ii)

๬ಲಛರඛಡ ඛೕಡมದ ಒഖౣ ෩ಲ

෮ತ౨,

Total principal amount lent to the borrower,

(iii)

๬ಲದ ൽකಂಕ

Date of loan

(iv)

ಬല౥ದರ

Rate of interest

(v)

เ฼ಬ ඩವൟಡ เඌ๯ವඈಡದ ಬല౥ದರ

Penal rate of interest for delayed payment

(vi)

๬ಲಛರคಂದ

ಈಛಗศ

ವ๰ย

෥ಡมದ ෮ತ౨

Amount

already

recovered

from

the

borrower,

(vii)

๬ಲಛರคಂದ

ಇඞ౬

ವ๰ย

෥ಡ෎౽ದ ෇౾ ෮ತ౨

Balance amount yet to be recovered from

the borrower

(viii) ๯๭౨ ๬ಲದ ෇౾ಗำ, ෴โർದง

ಇದ౪ฉ.

Overdues, if any.

16

17

೧ว౵ಯ ಘಟಕൽಂದ ๬ಲಗಳඝ౬ ෱೪ฆ

෥ഴ฿ಗ /

เತค๯฿ಗ෬มඋರ/ಭದ౳൤ಗಳඝ౬ ಪഷൽฆವ

๸ದಭბದย౵,๬ಲಛರರ ಮൡ౨ ൤ಡൿಆಂಡ

෬มඋರಗಳเವರ฿ದ ಪഔౣ,ಛ౳ಮ฿ฆ

/ಪಟౣಣ฿ฆ, เವರಗูಂൽಡ

Detailed list of borrowers from the entity

in the district from whom collateral

securities have been obtained, if any,

along with the details of the collaterals

taken, while sanctioning / disbursing

loans, village-wise / town-wise,

18

ಕನ౬ಡದย౵ ಪ౳෨ಖ ๸ಗൟ ๻ึಯ

ಪ౳ൟಲಗൟ౨๯โൿ.

Copy of the Key Fact Sheet in Kannada (Enclose

Copy)

19

ඡಮಕತಂಡ ವ๰มൟ ಏ೬ඛ౺ಗำ ౾౳෦ನฯ

๼ච౬ว෷ಳ౶ ෴ವ ವ౲౾౨ಯඝ౬ ຄಂൽಲ౵

ಎಂ්โದರ ಳೕಷൕ / ඁുೕಕರಣ

(ಪ౳ൟಲಗൟ౨๯โൿ)

Declaration / Confirmation to the effect that the

recovery agencies employed do not have anyone

with a criminal background (Enclose Copy)

20

೧ว౵ಯย౵ನ ಘಟಕದ ಀಂൿಆರ൤ ඛ฿ರ൏

ಅඌ౽คಯ ກಸฆ (෴ฃದง ಇದ౪ย౵)

เะಸ

๸ಪಕბ เವರಗำ (඀ರ฿൐ ಮൡ౨ ෮ාฯ

๸ಒ౲ಗำ)

ಇ-෬ฯ ಐല

Name of Grievance Redressal Officer of the

entity, if any, in the District.

Address

Contact details (Phone & Mobile Nos)

E-mail ID

21

೧ว౵/ฃಜ౲ದย౵ ಘಟಕದ ಓಂ්ി౺ ಮඨ ನ ກಸฆ

(෴ฃದง ಇದ౪ย౵)

เะಸ

๸ಪಕბ เವರಗำ (඀ರ฿൐ ಮൡ౨ ෮ාฯ

๸ಒ౲ಗำ)

Name of Ombudsperson of the entity in the

District / State, if any

Address

Contact details (Phone & Mobile Nos)

E-mail ID

17

෬ว ಒದಜ๭ฆವ ෥๼ൟ෷ ನನ౬ ൟำವัಃ ಮൡ౨ ඦ෈ಃಯ ಪ౳౽ರ

ಸತ౲฿ಜං෺ಂ඀ ಮൡ౨ ෴โඃ ಅಂಶವඝ౬ ෨೉౞ഔౣಲ౵ๅಂ඀, ಒದಜ๭ฆವ

෥๼ൟಗಳ ಬಡ౛ ๸තಣბ ຄൕಛರචಂൿ ಈ ෩ಲಕ ಳೕ๞๯൤౨ೕච.

ಈ

౽෺౪ಯ

ඛීಧචಗัಡ

ಅඝಞಣ฿ಜ

කඝ

෴฿ಗล

౽ಯბඛವბ๼๯൤౨ೕච ಎಂൿ කඝ ಈ ෩ಲಕ ಪ౳ൟ೬ౢ ෥ഴ൤౨ೕච.

I hereby undertake that I shall always act in conformity with the provisions

of this Act. I hereby declare that to the best of knowledge and belief all the

information given in the application is true& nothing is hidden.

ಸ౩ಳ / Place

ಅඌಂತ ವ౲౾౨ಯ ಸ๼ / Signature of Authorised Person

ൽකಂಕ / Date

Key Fact Sheet

(Interest rate and fees/charges)

ಅඝීಧ – 1/ANEXURE-1

(see rule 5)

1

๸๲౩ಯກಸฆ

2

๎ಒಯກಸฆ

Branch name

ಞಂඪನກ

ಸฆ

Group

Name

3

๬ಲಛರರກಸฆ

Name of the Borrower

4

๬ಲಛರರ൪ංಯ/ಧಡ

ನກಸฆ

Name of the

Father/Husband of the

Borrower

5

๬ಲ ಪ౳๬౨ವච/ ಌ൤ ๸ಒ౲

Loan proposal/ account No.

๬ಲದ

ಪ౳౽ರ

TypeofLoa

n

6

෱೪ฃದ ๬ಲದ ෮ತ౨ (งඩ෵ಗಳย౵)

Sanctioned Loan amount(in Rupees)

7

๬ಲ เತರൕ ๆะಪഔౣ

Disbursal schedule

(i) ງತಗಳย౵ ಅಥ฿ 100%෨ಂಗಡ฿ಜ เತರൕ.

Disbursement in stages or 100% upfront.

(ii) ງತ฿ฆ ಆಜದ౪ฉ, ๸ීඌತ เವರಗಳඝ౬

ຄಂൽฆವ ๬ಲ ಒಪ౭ಂದದ ಷರತ౨ඝ౬ ನ෩ൽ๭.

If it is stage wise, mention the clause of loan

agreement having relevant details

8

๬ಲದ ಅವඌ (ವಷბ/ൟಂಗำ/ൽನಗำ)

Loan term(year/months/days)

18

9

ಉൡಗಳเವರಗำInstalmentdetails

ಉൡಗಳ ಪ౳౽ರ

Type of instalments

ಸ෥ನ ಆವತბಕ

ಉൡಗಳ ๸ಒ౲

(EPIs)

Number of Equated

Periodic Instalments

(EPIs)

ಸ෥ನ ಆವತბಕ

ಉൡಗำ

(EPIಗำ)

Equated Periodic

Instalments (EPIs)

ಮฆඩವൟಯ ඩ౳ฏಭ,

ಅඝ෮ೕದචಯ ඦತರ

Commencement of repayment,

posts anction

10

ಬല౥ ದರ (%) ಮൡ౨ ಪ౳౽ರ (๭౩ರ ಅಥ฿ ශ౵ೕഔಂ಩ ಅಥ฿

຃෈౳ി)

Interest rate(%)and type(fixed or floating or hybrid)

11

ශ౵ೕഔಂ಩ ಬല౥ದರದ ๸ದಭბದย౵ ກೋ౞ವค ෥๼ൟ

AdditionalInformationincaseofFloatingrateofinterest

ಉว౵ೕಖ

෥ನඈಡ

Reference

Benchmark

෥ನඈಡ

ಬല౥ ದರ (%)

(෈)

Benchmark

rate(%)(B)

ກೋ౞ವค

ಬല౥

(%)

(S)

Spread(%)(

S)

ಅಂൟಮ

ಬല౥

ದರ

(%)R = (B) +

(S)Final

rate(%)

R

=(B)+(S)

ಆವತბನವ

ඝ౬

ຄಂൽ๯ವ

ಅವඌ

(ൟಂಗำಗำ)

Reset

periodicity

(Months)

ಉว౵ೕಖ

෥ನඈಡದย౵ನ

ಬದมವൕಯ ಪค൏ಮ

(25 bps ಡ'R' ನย౵ ಬದมವൕ,

ಬದมವൕ)

Impact of change in the reference

benchmark

(for25bpschangein‘R’,changein:)

B

S

EPI

(Rs)

No.ofEPIs

12

ඹೕ๯ / ๑ಲౙಗำFee/Charges

๬ಲർತคಡ ඩವൟಸ෎౽ದൿ౪

(ಎ)Payable to the Lender(A)

๬ಲർತರ (෈) ෩ಲಕ ෩ರඡ

ವ౲౾౨ಡ ඩವൟಸ෎౽ದൿ౪.

Payable to a third party through

Lender(B)

ಒಂൿ ෇ค/

ඬನฃವൟბತ

One-time/

Recurring

ಅನ౷ಯ฿ಞ

ವ

෮ತ౨

(ง.ಗಳย౵)

ಅಥ฿

๕ಕറ฿ฆ

(%)

Amount(in ₹)or

Percentage(%)

as applicable

ಒಂൿ

෇ค/

ඬನฃವൟბತ

One-time/

Recurring

ಅನ౷ಯ฿ಞವ

෮ತ౨

(ง.ಗಳย౵)

ಅಥ฿

๕ಕറ฿ฆ

(%)

Amount(in ₹)or

Percentage(%)

as applicable

(i)

๸ಸౙರ൏

๑ಲౙಗำ

Processing fees

(ii)

เ෥ ๑ಲౙಗำ

Insurance charges

(iii)

෎ฉ

෴โർದง

(ದಯเഖౣ

ඛൽბಷౣಪല๭)

Any other(please

specify)

13

฿๞ბಕ ๕ಕറ฿ฆ ದರ (APR) (%)

Annual Percentage Rate(APR)(%)

19

14

๬ൽม౷ฆ/ಇತฉ ๑ಲౙಗಳ เವರಗำ (ಅನ౷෵๭ඈ൤, งඩ෵ಗಳย౵ ಅಥ฿ % ನย౵)

Details of Contingent Charges (in Rupees or%, as applicable)

(i)

ඩವൟ เ฼ಬ฿ದฉ ඈಡದ ๑ಲౙ(෴โർದง ಇದ౪ฉ)

Penal charges, if any, in case of delayed payment

(ii)

ಇತರ ඈಡದ ๑ಲౙ, ෴โർದง ಇದ౪ฉ

Other penal charges, if any

(iii)

ಅವඌಡ තವბ ๬ಲ ൟೕคಸದย౵๑ಲౙಗำ, ಅನ౷ಯ฿ಜದ౪ฉ

Foreclosure charges, if applicable

(iv)

๬ಲಗಳඝ౬ ශ౵ೕഔಂ಩ ದರൽಂದ ๭౩ರ ದರಃౙ ಬದม෵ಸฤ ಮൡ౨ ಪ౳ൟ෴ಜ

๑ಲౙಗำ

Charges for switching of loans from floating to fixed rate and viceversa

(v)

෴โඃ ಇತರ ๑ಲౙಗำ (ದಯเഖౣ ඛൽბಷౣಪല๭)

Any other charges (please specify)

ಅඌಂತ ವ౲౾౨ಯ ಸ๼ / Signature of Authorised Person

(ಇತರ ಞ൏ತ౱ಕ ෥๼ൟ)

(Other qualitative information)

ಅඝීಧ – 2//ANEXURE-2

(see rule 5)

1

ವ๰มൟ ಏ೬ಂഡ ಗಳ ඛ෽ೕ೧ಸฤ๸ීඌ๭ದ ๬ಲ ಒಪ౭ಂದದ

ಷರൡ౨

Clause

of

Loan

agreement

relating

to

Engagement of recovery agents

2

඀ฆ ಪค๻ರ ౽ಯბเඋನವඝ౬ เವค๯ವ ๬ಲ ಒಪ౭ಂದದ

ಷರൡ౨

Clause

of Loan

agreement

which

details

Grievance redressal mechanism

3

඀ฆ ಪค๻ರದඣೕಡฯ ಅඌ౽คಯ ඀ರ฿൐ ๸ಒ౲ ಮൡ౨

ಇ෬ฯ ಐല

Phone number and email id of the nodal

Grievance redressal officer

4

๬ಲโ ಇತರ ๬ಲർತคಡ ಅಥ฿ ๲ಀ౲คഛ๳ಶඨ ಡ ವಛბವൕಡ

ಒಳಪഔౣರಬ๾ൿ ಅಥ฿ ಭเಷ౲ದย౵ ಇರಬ๾ൿ (ຆൿ/ಇಲ౵)

Whether the loan is, or in future may be, subject

To transfer to other Lenders or securitization(Yes/No)

20

5

ಸಹ෽ೕಜ ๬ಲ ವ౲ವ๲౩ಗಳ ಅലಯย౵ ๬ಲ ඛೕലದฉ (ಉർ. ಸಹ-๬ಲ/ ຄರಞൟ౨ಡ), ಈ

ಃಳಜನ ກೋ౞ವค เವರಗಳඝ౬ ಒದಜ๯โൿ:

Incase of lending under collaborative lending arrangements (e.g.,co-lending/out sourcing),

Following additional details may be furnished:

෩ಲ ๬ಲ ඛೕഴವವರ

ກಸฆ, ಅದರ ಹಣ౽๭ನ

ಅඝඩತඅಂൽಡ

Name of the originating

Lender, along with its

funding proportion

ඩฤർರ ๬ಲ ඛೕഴವವರ ກಸฆ

ಮൡ౨ ಅವರ ඛඌಯ ಅඝඩತ

Name of the partner Lender along with

its proportion of funding

෦ಶ౳ ಬല౥ ದರ

Blended rate of

interest

6

ല೧ಟฯ ๬ಲಗಳ ๸ದಭბದย౵, ಈ ಃಳಜನ ඛൽბಷౣ ಬ๼ฏಗಪല๯เಃಗಳඝ౬

ಒದಜಸಬ๾ൿ:

In case of digital loans, following specific disclosures may be furnished:

(i)

๬ಲർತರ ෱ಡั෷ ಅඝ෮ೕൽ๭ದ ඛೕൟಯ ಪ౳౽ರ,

ಁยಂ಩ ಆෆ/ฤಋ-ಅභ ಅವඌ, ಈ ಅವඌಯย౵ ๬ಲದ

තವბඩವൟಡ ๬ಲಛರඛಡ ෴โඃ ඈಡ

เඌಸมಞโൽಲ౵.

Cooling off/look-up period, in terms of Lender’s board approved

policy, during which borrower shall not be charged any penalty on

prepayment of loan

(ii)

๬ಲಛರರඝ౬ ๸ಪ౾ბಸฤ ಅඌ౽ರ ຄಂൽฆವ ವ๰มൟ

ಏ೬ಂഡ ಆಜ ౽ಯბඛವბ๼๯ൟ౨ฆವ ಸ౩ัೕಯ ๳฿

තซಃർರರ (LSP) เವರಗำ

Details of Local Service Provider (LSP) acting as recovery agent and

authorized to approach the borrower

ಅඌಂತ ವ౲౾౨ಯಸ๼ / Signature of Authorised Person

21

ಅඝීಧ –3

๬ಲಃౙ ಸ෥ನ ಆವತბಕ ಉൡಗಳ (EPI) ಅലಯย౵ ಮฆඩವൟ ๆะಪഔౣ

Repayment Schedule under Equated Periodic Instalment for the loan

ಉൡ ๸ಒ౲

෇౾ ಇฆವ ಅಸฤ

(งඩ෵ಗಳย౵)

ಅಸฤ

(งඩ෵ಗಳย౵)

ಬല౥

(งඩ෵ಗಳย౵)

ಉൡ

(งඩ෵ಗಳย౵)

Instalment No.

Outstanding Principal

(in Rupees)

Principal

(in Rupees)

Interest

(in Rupees)

Instalment

(in Rupees)

,

ಮುದÎಕರು ²ಾಗೂ ಪΐಾಶಕರು:- ಸಂಕಲ£ಾĩಾĸಗಳ…, ಕ£ಾಟಕ ªಾಜÍಪತÎ, ಸಾĸ ೇಂದÎ ಮುದΞಾಲಯ, ¦ೆಂಗಳˆರು

R.N.I. No. KARBIL/2001/47147 POSTAL REGN. No. RNP/KA/BGS/2202/2017-19

Licensed to post without prepayment WPP No. 297

THAMMAIAH

Digitally signed by THAMMAIAH

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Date: 2025.08.12 12:01:53 +05'30'