Enterpreneur Development Loan Scheme
Beneficiary |
Individual, Sole Prop., Firm, Coop. Societies or a Company |
Purpose |
For the establishment of cottage, tiny and SSI Unit or for expansion of present unit. |
Loan Limit |
Maximum amount up to RS. 25.00 lakhs at CCB Level. |
Rate of Interest |
13.00% |
Margin |
Minimum 10% |
Repayment Period |
Maximum 5 to 7 Years |
Collateral Security |
Immovable Properties for the value of 150% of the loan amount. |
Cash Credit for Traders
Beneficiary |
Individual, Sole Prop., Firm, Coop. Societies or a Company. |
Purpose |
For the meeting working capital requirement of business. |
Loan Limit |
25 Lakhs |
Rate of Interest |
13% |
Repayment Period |
Renewable on annual basis. |
Collateral Security |
Immovable Properties for the value of 150% of the amount. |