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Jewel Loans Up To Rs 10000 Per Gram Now Available In Cooperative Institutions
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News18•05-10-2026, 17:18
Jewel Loans Up To Rs 10000 Per Gram Now Available In Cooperative Institutions
- •The Department of Cooperatives has revised rules stating that maximum jewel loans in cooperative banks will be up to Rs 10,000 per gram or 75 percent of the market value.
- •Measures are taken to provide these enhanced jewel loans across various cooperative institutions operating under the Registrar of Cooperative Societies.
- •New orders have been issued to align interest rates between District Central Cooperative Banks and Primary Agricultural Cooperative Credit Societies to maintain fair margins.
- •The increased loan limit will fully apply to newly issued jewel loans as well as loans that are currently being renewed.
Key Questions Answered
The Department of Cooperatives has revised the maximum jewel loan amount to up to Rs. 10,000 per gram, or 75% of the jewelry's market value, whichever is lower.
District Central Cooperative Banks must charge an interest rate on JL-CC to Primary Agricultural Cooperative Credit Societies that is at least 1.25% lower than the public rate at DCCB branches, while PACCS profit margins cannot exceed 2.25%.
Yes, the increased loan limit will fully apply to newly issued jewel loans as well as jewel loans that are currently undergoing renewal.
