(1)

Ļ¯ೇಷ ªಾಜÍ ಪĦÎೆ

GOVERNMENT OF KARNATAKA

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

M. S. Building,

Bengaluru, Date: 17.10.2025.

NOTIFICATION

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

Coercive Actions) Rules, 2025 was published as required by sub-section (2) of

section 18 of the Karnataka Micro Loan and Small Loan (Prevention of Coercive

Actions) Act, 2025 (Karnataka Act No. 15 of 2025) in Notification No. FD-

CAM/23/2025 Bengaluru, dated: 06.08.2025 in Part- IVA, No. 444 of the

Karnataka Gazette Extra-ordinary dated: 11.08.2025, inviting objections or

suggestions from all the persons likely to be affected thereby within fifteen days

from the date of its publication in the Official Gazette.

And whereas, the said Gazette was made available to the public on

11.08.2025;

And whereas objections and suggestions received by the Government in

respect of the said draft within period specified above have been considered by the

State Government.

Now, therefore, 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), the Government of Karnataka, hereby makes the

following rules, namely:-

¨sÁUÀ – 4J

Part – IVA

2025

1947)

BENGALURU, TUESDAY, 21 OCTOBER, 2025 AASHWAYUJA 29, SHAKAVARSHA 1947)

. 666

No. 666

RULES

1. Title, commencement and application.- (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 publication in the

Official Gazette.

(3) The provisions of these rules shall not apply to the entities which are

excluded in sub-section (3) of section 1.

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

following namely:-

(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 is one which extends “Micro loan” or “Micro Finance loan”;

(j)

“Micro loan” or “Microfinance loan” means Microfinance loan as defined by Reserve Bank

of India from time to time, 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 loan or micro

loan; and

(k)

“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 provisions of section 3, the Lender shall submit the

following details and documents for registration in Form No.1.

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.

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.

amount or a rate or a combination

(d) an assurance that the privacy of borrower data will be respected.

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.

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.

(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).

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.

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 of 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 :–

(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, the matter shall be

referred to the appropriate authority for investigation;

(ii) 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;

(iii) where the irregularity is due to omission or inaction,

pass an order to rectify the mistake.

(iv) 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.

(v) 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.

Powers of Ombudsperson:

(1) 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;

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

from any public servant engaged in implementing this

Act;

(2) Where the Ombudsperson finds that the allegation contained in a

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

by order direct the complainant to pay to the opposite party an

amount specified in the order by way of costs.

(3) Where the allegation contained in a complaint is in respect of the

loss or inconvenience caused to a Borrower, the Ombudsperson

may, during enquiry, collect evidence, determine the loss and

direct in its order the amount to be realized from the person

responsible.

(4) If the amount to be paid as per the order passed by the

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

within the period specified by it, the same shall be recovered as

arrear of land revenue.

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 complainant 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.

(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 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 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 fifteen 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.

(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;

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 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 (of occurrence or

surfacing of the incidence) whichever 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

view of the circumstances of the case.

(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,

(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 as on 31^st March every year, (within 30 days), 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)

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౵

๬ಲർತ ಘಟಕದ ກಸฆ

Name of the Lender entity

ಘಟಕದ ๸ರಚච

(෥ยೕಕತ౷/ඩฤർคಃ/ಟ౳๺ౣ/ಉಪඛ

ಇ൞౲ൽ)

Constitution of the entity (Proprietorship/

Partnership/ Trust/Company etc)

ಉಪඛಗัಡ ๸ීඌ๭ඈ൤ Memorandum of

Association & Articles of Association (MoA) /

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 and Articles of

Association (MoA) 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.

๰ಕ౨ ౽෵ංಗಳ ಅലಯย౵ ඣೕಂದ൐

ಪ౳෥ಣ ಪತ౳ಗಳ ಪ౳ൟಗಳඝ౬

ಲಗൟ౨๯โൿ(෴โർದง ಇದ౪ฉ)

Copies

registration

certificates

under

appropriate Act/s. applicable, if any

ಉಪඛಗಳ

ಟ౳๺ౣ ಗಳ

ඣೕಂದ൐ಡ

๸ීඌ๭ඈ൤, ๸෽ೕಜචಯ ൽකಂಕ

Date of incorporation in case of companies /

registration in case of trusts etc.,

ವ౲ವ๻ರದ ඩ౳ฏಭದ ൽකಂಕ

Date of commencement of business

೧ว౵ಯย౵ ವ౲ವ๻ರ ඩ౳ฏಭದ ൽකಂಕ

Date of commencement of business in the

District

ඣೕಂർ෵ತ ಕ೏คಯ เะಸದ

ඬฃๅ(ඬฃๅಯඝ౬ ಲಗൟ౨๭)

Proof of Address of the Registered Office

(Enclose the proof)

ฃಜ౲ದย౵ฆವ

ඛ฀ತ౳ಣ

ಕ೏คಯ

෨ಖ౲ಸ౩ರ ກಸฆ, ಮൡ౨ เะಸ ๸ಪಕბ

เವರಗำ

(඀ರ฿൐

ಮൡ౨

෮ාฯ

๸ಒ౲ಗำ) ಇ-෬ฯ ಐല

Name of the Head of the controlling office

in the State

Address

Contact details (Phone & Mobile Nos)

E-mail ID

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

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.

೧ว౵ಯ ฿౲ඪ౨ಯย౵ ๸๲౩෷

౽ಯბඛವბ๼ಸฤ ಪ౳๬౨ඪ๭ฆವ ಛ౳ಮಗำ

ಮൡ౨ ಪಟౣಣಗำ (ຄೕಬั ಮൡ౨ ൞ล౵ಀ

ಸ๼ತ ಉว౵ೕ಍๯โൿ).

Villages (duly mentioning Hobli &

Taluka) and towns in which they

propose to operate in the District.

เඌಸมಞൟ౨ฆವ ಬല౥ದರ,

Rate of interest being charged,

๬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)

๬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)

ಕඛಷ౤ ಈ ಃಳಜನ เವರಗಳඝ౬

ಒಳತಂലฆವ (ඣೕಂದ൐ಛಜ ಅ೧ბ

ಸย౵๭ದ ๼ಂൽನ ൟಂಗಳ ಆචಯ

ൽನඈൿ)೧ว౵ಯ ಛ౳ಮ฿ฆ / ಪಟౣಣ฿ฆ

ಘಟಕದ ๬ಲಛರರ เವರ฿ದ ಪഔౣ

(เವರಗಳඝ౬ ಸย౵๯โൿ /ಲಗൟ౨๯โൿ):

Detailed list of borrowers of 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.

೧ว౵ಯ ಘಟಕൽಂದ ๬ಲಗಳඝ౬

෱೪ฆ ෥ഴ฿ಗ / เತค๯฿ಗ

෬มඋರ/ಭದ౳൤ಗಳඝ౬ ಪഷൽฆವ

๸ದಭბದย౵,๬ಲಛರರ ಮൡ౨ ൤ಡൿಆಂಡ

෬มඋರಗಳเವರ฿ದ ಪഔౣ,ಛ౳ಮ฿ฆ

/ಪಟౣಣ฿ฆ, เವರಗูಂൽಡ

Detailed list of borrowers of 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,

ಕನ౬ಡದย౵ ಪ౳෨ಖ ๸ಗൟ ๻ึಯ

ಪ౳ൟಲಗൟ౨๯โൿ.

Copy of the Key Fact Sheet in Kannada

(Enclose Copy)

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)

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

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

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)

๸๲౩ಯ ກಸฆ

๎ಒಯ ກಸฆ

Branch name

ಞಂඪನກಸฆ

Group Name

๬ಲಛರರ ກಸฆ

Name of the Borrower

๬ಲಛರರ൪ංಯ/

ಧಡನ ກಸฆ

Name of the Father/Husband

of the Borrower

๬ಲ ಪ౳๬౨ವච/ ಌ൤

๸ಒ౲

Loan proposal/ account

No.

๬ಲದ ಪ౳౽ರ

Type of Loan

෱೪ฃದ ๬ಲದ ෮ತ౨ (งඩ෵ಗಳย౵)

Sanctioned Loan amount (in Rupees)

๬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

๬ಲದ ಅವඌ (ವಷბ/ൟಂಗำ/ൽನಗำ)

Loan term (year/months/days)

ಉൡಗಳ เವರಗำInstalment details

ಉൡಗಳ ಪ౳౽ರ

Type of instalments

ಸ෥ನ

ಆವತბಕ ಉൡಗಳ

๸ಒ౲ (EPIs)

Number of

Equated Periodic

ಸ෥ನ

ಆವತბಕ

ಉൡಗำ

(EPIಗำ)

Equated

ಮฆඩವൟಯ

ඩ౳ฏಭ,

ಅඝ෮ೕದචಯ ඦತರ

Commencement of

Instalments (EPIs)

Periodic

Instalments

(EPIs)

repayment, post sanction

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

຃෈౳ി)

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

ශ౵ೕഔಂ಩ ಬല౥ದರದ ๸ದಭბದย౵ ກೋ౞ವค ෥๼ൟ

Additional Information in case of Floating rate of interest

ಉว౵ೕ

ಖ

෥ನඈಡ

Referen

Benchmark

෥ನ

ඈಡ ಬല౥

ದರ (%) (෈)

Bench

mark

rate(%)(B)

ກ

ೋ౞ವค

ಬല౥ (%)

(S)

Sprea

d(%)(S)

ಅಂൟ

ಮ

ಬല౥

ದರ (%)R =

(B) + (S)Final

rate(%)

=(B)+(S)

ಆವತბ

ನವඝ౬

ຄಂൽ๯

ವ ಅವඌ

(ൟಂಗ

ำಗำ)

Reset

periodicity

(Month

ಉว౵ೕಖ

෥ನඈಡದย౵ನ

ಬದมವൕಯ

ಪค൏ಮ

(25 bps ಡ'R' ನย౵

ಬದมವൕ, ಬದมವൕ)

Impact of change in the

reference benchmark

(for 25 bps change in ‘R’,

change in:)

EPI (Rs)

No .of

EPI s

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฿ಞವ

෮ತ౨

(ง.ಗಳย౵)

ಅಥ฿

๕ಕറ฿ฆ

(%)

Amount (in

₹) or Percentage

(%) as applicable

ಒಂൿ ෇ค/

ඬನฃವൟბತ

One-time/

Recurring

ಅನ౷

ಯ฿

ಞವ

෮ತ౨

(ง.ಗ

ಳย౵)

ಅಥ฿

๕ಕറ

฿ฆ

(%)

Amount

(in

₹)or

Percenta

ge(%) as

applicabl

(i)

๸ಸౙರ൏

๑ಲౙಗำ

Processing

fees

(ii)

เ෥

๑ಲౙಗำ

Insurance

charges

(iii)

෎ฉ

෴โർದง

(ದಯเഖౣ

ඛൽბಷౣಪല๭)

Any

other(please

specify)

฿๞ბಕ ๕ಕറ฿ฆ ದರ (APR) (%)

Annual Percentage Rate(APR)(%)

๬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 ൟೕค๭ದย౵

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)

ವ๰มൟ ಏ೬ಂഡ ಗಳ ඛ෽ೕ೧ಸฤ๸ීඌ๭ದ ๬ಲ

ಒಪ౭ಂದದ ಷರൡ౨

Clause

Loan

agreement

relating

Engagement of recovery agents

඀ฆ ಪค๻ರ ౽ಯბเඋನವඝ౬ เವค๯ವ ๬ಲ

ಒಪ౭ಂದದ ಷರൡ౨

Clause

Loan

agreement

which details

Grievance redressal mechanism

඀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)

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

ಈ ಃಳಜನ ກೋ౞ವค เವರಗಳඝ౬ ಒದಜ๯โൿ:

In case 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

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

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 ಪÎಾಶಕರು:- ಸಂಕಲ£ಾĩಾĸಗಳ…, ಕ£ಾಟಕ ªಾಜÍಪತÎ, ಸಾĸ ೇಂದÎ ಮುದÎžಾಲಯ, ¦ೆಂ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

DN: c=IN, o=Centre for e-Governance,

2.5.4.20=be54f34f4e31eae50203ca7fab5ceb3794f20a8460a2582ef28294d43b8f8b16,

ou=department of printing stationery and Publication,CID - 7048443, postalCode=560001,

st=Karnataka,

serialNumber=4d9b284dcc53d39f1425f50485de07dd86efa302a3fce3729eddea0c1b5098e0,

cn=THAMMAIAH

Date: 2025.10.23 17:37:44 +05'30'