Vaazhndhu Kaattuvom Project

Department of Rural Development and Panchayat Raj

Vaazhndhu Kaattuvom Project

Department of Rural Development and Panchayat Raj

Vaazhndhu Kaattuvom Project

Department of Rural Development and Panchayat Raj

VKP

  1. Home
  2. Matching Grant Program (MGP)
  3. Manual
  4. Participatory Financial Institution (PFI) – Bankers

Participatory Financial Institution (PFI) – Bankers

1. How to Login and Check the Loan Application:

Step 1 : Log in with their respective PFI username and password and click Login

Step 2 : After logging in to the VKP Bankers Portal, select the module name 

Step 3 : After selecting the MGP module, the user will be redirected to the respective home page

Step 4 : When logged in, click on the ‘MGP Application’ link on the left side menu

Step 5 : On the ‘MGP Application’ tab, click the ‘My Applications’ tab to view the list of loan applications

Step 6 : You can view the number of loan applications by clicking the ‘Open’ tab

Step 7 : Upon the TNRTP approval, the list of loan applicant will appear under the ‘Open’ tab and the status of the applicant will be displayed as ‘TNRTP Approved’

Step 8 : The PFI banker can view the loan application ID, Loan Type, Loan Name, Requested Amount, District Name, Block Name, Application Created Date, Due Date, and Status of the loan in the home page

2. How to Acknowledge the Loan Application:

Step 1 : Log in with their respective PFI username and password and click Login

Step 2 : After logging in to the VKP Bankers Portal, select the module name 

Step 3 : After selecting the MGP module, the user will be redirected to the respective home page

Step 4 : When logged in, click on the ‘MGP Application’ link on the left side menu

Step 5 : On the ‘MGP Application’ tab, click the ‘My Applications’ tab to view the list of loan applications

Step 6 : You can view the number of loan applications by clicking the ‘Open’ tab

Step 7 : Select the application to view more in detail

Step 8 : Click ‘Accept’ that will notify the internal staff and applicants that PFI banker has acknowledged the MGP application

Step 8 : Once you accept the application, the popup will appear like ‘PFI Acknowledged Successfully’

3. How to View the PFI Acknowledged the Loan Application:

Step 1 : Log in with their respective PFI username and password and click Login

Step 2 : After logging in to the VKP Bankers Portal, select the module name 

Step 3 : After selecting the MGP module, the user will be redirected to the respective home page

Step 4 : When logged in, click on the ‘MGP Application’ link on the left side menu

Step 5 : On the ‘MGP Application’ tab, click the ‘My Applications’ tab to view the list of loan applications

Step 6 : You can view the number of loan applications by clicking the ‘Open’ tab

Step 7 : Select the application to view PFI acknowledge report more in detail

4. How to Sanction the Loan Application:

Step 1 : Log in with their respective PFI username and password and click Login

Step 2 : After logging in to the VKP Bankers Portal, select the module name 

Step 3 : After selecting the MGP module, the user will be redirected to the respective home page

Step 4 : When logged in, click on the ‘MGP Application’ link on the left side menu

Step 5 : On the ‘MGP Application’ tab, click the ‘My Applications’ tab to view the list of loan applications

Step 6 : You can view the number of loan applications by clicking the ‘Open’ tab

Step 7 : Select the application to view more in detail

Step 8 : Once the PFI acknowledged the loan, Click ‘Approve’ to sanction the loan

Step 9 : Upload Sanction Letter : Upload the sanction letter document in the upload sanction letter tab 

Step 10 : Remarks : Enter the remarks in the remarks tab

Step 11 : Once the banker has verified the application click ‘Sanction’

Step 12 : Once the banker sanctioned the loan, click on the ‘Sanction’ option and the popup will appear ‘PFI Sanctioned Successfully’

5. How to View the PFI Sanctioned Loan Application:

Step 1 : Log in with their respective PFI username and password and click Login

Step 2 : After logging in to the VKP Bankers Portal, select the module name 

Step 3 : After selecting the MGP module, the user will be redirected to the respective home page

Step 4 : When logged in, click on the ‘MGP Application’ link on the left side menu

Step 5 : On the ‘MGP Application’ tab, click the ‘My Applications’ tab to view the list of loan applications

Step 6 : You can view the number of loan applications by clicking the ‘Open’ tab

Step 7 : Select the application to view the sanctioned application in detail

Step 8 : Click the dropdown to view the created by, Remarks details

Step 9 : Click ‘View’ to view the supporting document

Step 10 : Click ‘Download’ to download the supporting document

6. How to Initiate the MGP Claim Form Loan Application:

Step 1 : Log in with their respective PFI username and password and click Login

Step 2 : After logging in to the VKP Bankers Portal, select the module name 

Step 3 : After selecting the MGP module, the user will be redirected to the respective home page

Step 4 : When logged in, click on the ‘MGP Application’ link on the left side menu

Step 5 : On the ‘MGP Application’ tab, click the ‘My Applications’ tab to view the list of loan applications

Step 6 : You can view the number of loan applications by clicking the ‘Open’ tab

Step 7 : Select the application to view more in detail

Step 8 : Name of the Bank : The bank name will be automatically populated based on the OSF login

Step 9 : Branch Name : The branch name will be automatically populated based on the OSF login

Step 10 : IFSC Code : The IFSC code will be automatically populated based on the OSF login

Step 11 : Account Number of the Bank : Enter the account number

Step 12 : Name of the Entrepreneur : The entrepreneur name will be automatically populated based on the OSF login

Step 13 : Date of selection by task force committee : Click the calendar to select the date of the task force committee

Step 14 : Purpose of Loan : Enter the purpose of the loan

Step 15 : Project Cost : Enter the project cost

Step 16 : Entrepreneur’s contribution (Margin money) : Enter the Entrepreneur’s contribution

Step 16 : Bank Loan (Term Loan / Composite Loan) : Click the dropdown to choose the type of the bank loan

Step 17 : Matching Grant : Enter the amount of matching grant

Step 18 : Loan Amount : Enter the loan amount

Step 19 : Tenure (Months) : Enter the tenure details in months

Step 20 : Interest Rate : Enter the interest rate

Step 21 : Loan Disbursement Details : One- Time

             Step 21.1 Remarks : Enter the remarks in the remarks section

               Step 21.2 Upload MGP Claim Form : Upload the MGP claim form

Step 22 : Loan Disbursement Details : Partial

            Step 22.1 No.of Instalments : Click the dropdown to choose the number of installments

            Step 22.2 Level : Depending on the installment type, the level will be displayed

            Step 22.3 Description : Enter the description in the description tab

            Step 22.4 Amount : Enter the amount in the amount tab

            Step 22.5 Remarks : Enter the remarks in the remarks section

              Step 21.2 Upload MGP Claim Form : Upload the MGP claim form

Step 23 : Click ‘Initiate MGP Claim’ to initiate the MGP claim 

Step 24 : Once the PFI banker initiated the MGP claim the popup will appear like ‘PFI Initiated MGP Claim Form Successfully’ and the status of the loan application will get moved from ‘TNRTP Approved’ to ‘Sanctioned’

7. How to View the Sanctioned Loan Application:

Step 1 : Log in with their respective PFI username and password and click Login

Step 2 : After logging in to the VKP Bankers Portal, select the module name 

Step 3 : After selecting the MGP module, the user will be redirected to the respective home page

Step 4 : When logged in, click on the ‘MGP Application’ link on the left side menu

Step 5 : On the ‘MGP Application’ tab, click the ‘My Applications’ tab to view the list of loan applications

Step 6 : Click ‘Inprogress’ tab under the my application the banker can view the ‘Sanctioned’ loan applicant details

Step 6 : You can view the sanctioned loan applications by clicking the ‘Inprogress’ tab

Step 7 : Select the application to view more in detail

Step 8 : Click ‘View’ to view the supporting document

Step 9 : Click ‘Download’ to download the supporting document

8. How to Not Recommended the MGP Claim Form Loan Application:

Step 1 : Log in with their respective PFI username and password and click Login

Step 2 : After logging in to the VKP Bankers Portal, select the module name 

Step 3 : After selecting the MGP module, the user will be redirected to the respective home page

Step 4 : When logged in, click on the ‘MGP Application’ link on the left side menu

Step 5 : On the ‘MGP Application’ tab, click the ‘My Applications’ tab to view the list of loan applications

Step 6 : You can view the number of loan applications by clicking the ‘Open’ tab

Step 7 : Select the application to view more in detail

Step 8 : A PFI banker recommended forwarding the loan application by clicking ‘Not Interested’

Step 9 : Enter the remarks in the ‘Remarks’ section

Step 10 : Click ‘Forward’ the confirmation popup will appear  

Step 11 : Click ‘Confirm’ the loan application will get forwarded to the next preferred bank in the list and the popup will appear like ‘PFI Sanction Not Interested’

Step 12 : Once the PFI banker has forwarded the loan application, the application will get moved from the ‘Open’ to ‘Forwarded’ tab

9. How to View the Forwarded MGP Claim Form Loan Application:

Step 1 : Log in with their respective PFI username and password and click Login

Step 2 : After logging in to the VKP Bankers Portal, select the module name 

Step 3 : After selecting the MGP module, the user will be redirected to the respective home page

Step 4 : When logged in, click on the ‘MGP Application’ link on the left side menu

Step 5 : On the ‘MGP Application’ tab, click the ‘My Applications’ tab to view the list of loan applications

Step 6 : You can view the number of forwarded loan applications by clicking the ‘Forwarded’ tab

Step 7 : Once you click the application, the above popup will appear

10. How to Disburse the Approved Loan:

Step 1 : Log in with their respective PFI username and password and click ‘Login’

Step 2 : After logging in to the VKP Bankers Portal, select the module name 

Step 3 : After selecting the MGP module, the user will be redirected to the respective home page

Step 4 : When logged in, click on the ‘MGP Application’ link on the left side menu

Step 5 : On the ‘MGP Application’ tab, click the ‘My Applications’ tab to view the list of loan applications

Step 6 : You can view the number of loan applications by clicking the ‘Open’ tab

Step 7 : Select the application to view loan applicant application details, Sanction details and application workflow tracker in detail

Step 8 : Type of EMI : Choose the type of EMI 

Step 9 : Date of Disbursement : By clicking the calendar to select the disbursement date

Step 10 : EMI Start Date : By clicking the calendar to select the EMI starting date

Step 11 : Loan Amount : The loan amount will get auto populated based on the previous data

Step 12 : Tenure (in Years) : The tenure will get auto populated based on the previous data

Step 13 : Remarks : Enter the remarks in the remarks section 

Step 14 : Upload EMI Repayment Schedule : Click ‘Browse’ to upload the EMI repayment schedule

Step 15 : Once click ‘Disburse’ the popup will appear like ‘Application Disbursed Successfully’

11. How to View the Disbursed Loan:

Step 1 : Log in with their respective PFI username and password and click ‘Login’

Step 2 : After logging in to the VKP Bankers Portal, select the module name 

Step 3 : After selecting the MGP module, the user will be redirected to the respective home page

Step 4 : When logged in, click on the ‘MGP Application’ link on the left side menu

Step 5 : On the ‘MGP Application’ tab, click the ‘My Applications’ tab to view the list of loan applications

Step 6 : You can view the number of loan applications by clicking the ‘Disbursement’ tab

Step 7 : Select the application to view loan applicant application details, Sanction details and application workflow tracker in detail

Step 8 : Click the dropdown to view the loan disbursement in detail

Step 9 : Once the loan disbursed, the status of the loan changed from ‘MGP Claim Approved’ to ‘Disbursed’

12. How to Escalate the Loan Application:

Step 1 : Log in with their respective PFI username and password and click ‘Login’

Step 2 : After logging in to the VKP Bankers Portal, select the module name 

Step 3 : After selecting the MGP module, the user will be redirected to the respective home page

Step 4 : When logged in, click on the ‘Escalations’ link on the left side menu

Step 5 : You can view the number of escalated loan applications by clicking the ‘Escalations’ tab

Step 7 : Select the application to view loan applicant application details, Sanction details and application workflow tracker in detail

Step 8 : Once the MGP claim form escalated from DYCOO, the applicant will get reversed to the PFI banker, the banker has to decide whether the banker will initiate the loan application

13. How to Check the Open to All Bank Application:

Step 1 : Log in with their respective PFI username and password and click ‘Login’

Step 2 : After logging in to the VKP Bankers Portal, select the module name 

Step 3 : After selecting the MGP module, the user will be redirected to the respective home page

Step 4 : When logged in, click on the ‘MGP Application’ link on the left side menu

Step 5 : On the ‘MGP Application’ tab, click the ‘My Applications’ tab to view the list of loan applications

Step 6 : You can view the number of loan applications by clicking the ‘Open’ tab

Step 7 : If all the preferred banks got rejected the loan application, the application will be open to all the PFI bankers

Step 8 : The application will be showing unique. Once you click the symbol it shows the popup message like ‘The Application is now open to all the banks. Acknowledging first can avail the application’

14. How to Edit the Bankers Profile:

Step 1 : Log in with their respective PFI username and password and click Login

Step 2 : After logging in to the VKP Bankers Portal, select the module name 

Step 3 : After selecting the MGP module, the user will be redirected to the respective home page

Step 4 : When logged in, click on the ‘MGP Application’ link on the left side menu

Step 5 : Select ‘View Profile’ from the top right corner of your profile name once you have logged in to MGP

Step 6 : Once you clicked the view profile icon, it will redirect to the edit profile page

Step 7 : Click ‘Edit’ option to edit the profile information

Step 8 : Once we update the changes click ‘Save Changes’ icon the changes will be saved automatically

Updated on September 1, 2022

Related Articles