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Rule 43
Payment of claims
: (1) If the fund examines the application received as per sub-rule (3) of rule 42, it shall pay such claim within thirty days in accordance with schedule-16.
(2) When the fund pays the claim according to sub-rule (1), the member organization shall pay seventy-five percent of the principal and interest amount in the case of micro finance and underprivileged loans secured under rule 36, up to fifty lakh rupees for small and medium enterprises and agricultural loans secured under rule 37 and 38. Claim payment will be made at the rate of seventy percent of the remaining loan and interest amount in the case of eighty percent of the loan amount and interest amount and above two million rupees and eighty percent of the remaining loan amount and interest amount in the case of secured educational loan and educational unemployed business loan as per Rule 39. .
(Rock) In accordance with sub-rule (1), when the fund pays the claim, the member organization shall comply with rule 39A. In the case of export loans secured as per the above, eighty percent of the remaining principal and interest amount of the loan up to two lakh rupees and seventy percent of the remaining principal and interest amount in the case of loans up to ten lakh rupees above will be given.
(3) When paying according to sub-rule (2), fifty percent of the total amount to be paid by the fund shall be paid in the first installment and the remaining fifty percent of the amount shall be withdrawn through the related member 18 first amendment. A. The organization will pay in the second installment after submitting the certified copy of the transaction to the fund, which has been certified by the external auditor that it has completed the entire process according to the prevailing law to recover such debt, but the recovery has not been completed.
(4) After receiving claim payment from the fund in accordance with this rule, the concerned member organization shall send the compensation as per schedule-17 to the fund.
(2) When the fund pays the claim according to sub-rule (1), the member organization shall pay seventy-five percent of the principal and interest amount in the case of micro finance and underprivileged loans secured under rule 36, up to fifty lakh rupees for small and medium enterprises and agricultural loans secured under rule 37 and 38. Claim payment will be made at the rate of seventy percent of the remaining loan and interest amount in the case of eighty percent of the loan amount and interest amount and above two million rupees and eighty percent of the remaining loan amount and interest amount in the case of secured educational loan and educational unemployed business loan as per Rule 39. .
(Rock) In accordance with sub-rule (1), when the fund pays the claim, the member organization shall comply with rule 39A. In the case of export loans secured as per the above, eighty percent of the remaining principal and interest amount of the loan up to two lakh rupees and seventy percent of the remaining principal and interest amount in the case of loans up to ten lakh rupees above will be given.
(3) When paying according to sub-rule (2), fifty percent of the total amount to be paid by the fund shall be paid in the first installment and the remaining fifty percent of the amount shall be withdrawn through the related member 18 first amendment. A. The organization will pay in the second installment after submitting the certified copy of the transaction to the fund, which has been certified by the external auditor that it has completed the entire process according to the prevailing law to recover such debt, but the recovery has not been completed.
(4) After receiving claim payment from the fund in accordance with this rule, the concerned member organization shall send the compensation as per schedule-17 to the fund.