NON - AGRICULTURE
Road Transport Operators
Ø The objective is to provide loan for commercial vehicles for road transport operation.
Ø Borrower may drive/operate the vehicle himself or he may engage a driver.
Ø A maximum 80% of the cost of vehicle as per quotation may be sanctioned as loan.
Ø It is a medium term loan.
Ø The loan is to be repaid in 03 to 05 years in monthly installments.
Jan Samriddhi Yojana
Ø The objective is to provide loan for consumption needs t employees of Govt./Semi-govt./public sector undertaking/institutions.
Ø Permanent employees of the above mentioned institutions whose salary is disbursed from our branch can apply under this scheme.
Ø The maximum loan amount can be 10 times of 50% of net monthly income(after all deductions) or Rs.1.50 lac whichever is less. The loan upto Rs.2.00 lac may be sanctioned if liquid security is offered by the borrower.
Ø It is a Cash Credit type of advance.
Ø The loan is to be repaid in one year.
Ø The objective is to provide loan for fulfilling personal needs and for purchase of consumer durables.
Ø Any permanent employee of Central/State Government, Nigams and educational institutions whose salary is disbursed through our branch can apply.
Ø The loan amount can be upto 10 times of the net monthly salary or Rs.2.00 lac whichever is less.
Ø It is a term loan
Ø The loan can be repaid in 05 years in 60 monthly installments with interest.
Ø Higher professional/technical education to their children is no longer a distant dream to our customers. We provide education loan for this purpose.
Ø The student who wants loan under this scheme must have been selected through admission/selection test and must have been offered call letter for admission.
Ø A maximum of Rs.7.50 lacs can be availed for study in India and Rs.15 lac can be availed for study in a foreign country, depending on repayment mode capacity of parent/guardian.
Ø Repayment starts after one year of completion of the course by the student, or engaging in job whichever is earlier.
Ø It is a Term Loan.
Ø The repayment period of loan varies from 05 to 07 years.
Weavers Credit Card Scheme
Ø The aim is to provide term loan to weavers for working capital for raw materials and apparatus etc.
Ø For individual weaver the maximum limit of loan will not be more than Rs.2.00 lakh.
Ø The loan will be recoverable in maximum of 5 years including grace period for 6 months, the installments will be monthly.
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