as per reports from believable sources, it is understood that the scheme for introduction of Gahan scheme for Urban Co-operative Banks of Kerala state will be placed before the Kerala Assembly within a few days. with the introduction of this scheme, the UCBs will be able to sanction loans without registering the title deeds of landed property at a registrar office paying a huge amount as registration fee. as this fee is to be paid by the borrower, so many good customers are keeping away from UCBs. all other types of co-operative credit institutions have been already covered by this scheme. the attractive feature of this scheme is that the name of the bank will appear in the encumbrance certificate, and thus the enhanced security from the part of the bank is ensured.
we can wait for that good news...
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