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| RURAL HOUSING FINANCE SCHEME |
| PURPOSE |
To enlarge coverage of those people who do not have the title deeds in their names and to redress the problem of Rural Housing through improved access to housing credit, which would enable an individual to construct a modest new house to improve or add to his existing dwelling unit in rural area. |
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| ELIGIBILTY |
Such people, who are engaged in agriculture, Trade / business and services etc. |
| QUANTUM OF FINANCE |
Construction of House / Additional
Construction: maximum Rs.3,00,000/-
Repairs / Renovation : maximum Rs.50,000/- |
| MARGIN |
25% of the project cost |
| RATE OF INTEREST |
13.00% p.a. |
| REPAYMENT |
5 to 7 years in monthly / Quarterly / Half Yearly equated installments depending on profession of the borrower. | |
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| SOLAR HOME LIGHTING SYSTEM |
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| PURPOSE |
To overcome the problem of power shortage that is being faced by the public particularly in rural & semi urban areas and to exploit the solar energy as much as possible to preserve the
fossil fuel, i.e. coal, oil, gas and to fulfill the need for electricity, the use of solar energy, for domestic and commercial heating and lighting, emerged as the
most viable and sustainable solutions to the energy problems. Bank is actively
participating in NABARD / Govt. of India's "Capital subsidy-cum-Refinance
Scheme" |
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| ELIGIBILITY |
Households in rural, semi urban or urban areas, business establishments, Hospitals, Hotels / Restaurants etc. |
| QUANTUM OF FINANCE |
Maximum 85% of the project cost |
| MARGIN |
20% of the project cost, where capital subsidy is available. |
| SUBSIDY |
30% of benchmark cost |
| RATE OF INTEREST |
5% p.a. |
| REPAYMENT |
In 5 years in monthly / half
yearly installments. |
| NOTE |
The Bank plans to engage Business
Facilitators to propagate the scheme, promote financing under it and also to ensure maintenance of the Solar Home Lighting units with a
vision to provide partial employment to rural youth. | |
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| GENERAL CREDIT CARDS |
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| PURPOSE |
To facilitate the customers in rural & semi urban areas with hassle fee credit based on the assessment of cash flow without insistence on security, purpose or end use of the credit. |
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| ELIGIBILTY |
Such people, who are engaged in agriculture, business / self employment etc. |
| QUANTUM OF FINANCE |
Rs.25,000/-. |
| MARGIN |
NIL |
| RATE OF INTEREST |
13.00 p.a. |
| REPAYMENT |
This is in the nature of overdraft
or cash credit with no end use verification stipulation. The limit may be reviewed annually and revised / cancelled depending upon track record of the account holder. | |
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| VERMI COMPOST HATCHERY UNIT SCHEME |
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| PURPOSE |
- To promote organic farming by making available the organic inputs like vermi compost.
- To increase agriculture productivity while maintaining soil health and environmental safety.
- To reduce the dependence on chemical inputs.
- To make available the earth worms for making vermi compost.
- To convert organic wastes to plant nutrient.
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| ELIGIBILTY |
Individuals, group of farmers / Growers, Co-operatives, NGO’s, SHG’s. |
| QUANTUM OF FINANCE |
Maximum Rs.10 Lacs. | |
| PATTERN OF FINANCIAL ASSISTANCE |
- Owner’s contribution : 25%
- Subsidy from Govt. of India : 25% subject to the maximum ceiling of Rs.1.5 Lacs (back ended)
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| MARGIN |
15 – 25% |
| RATE OF INTEREST |
13.50% p.a. |
| REPAYMENT |
The repayment period will depend up on the cash flow and may be generally up to 8 years with a grace period or 1 year. | |
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| FARM MECHANISATION |
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| PURPOSE |
To provide credit facility for purchasing tractor, trolly and other agricultural implements to perform
farm operations smoothly, to resolve the problem of human labour, to arrange
transportation of agriculture inputs and marketing of agriculture produce quickly. |
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| ELIGIBILTY |
Such farmers, who hold minimum 5 acre perennially irrigated agricultural land singly or jointly. |
| QUANTUM OF FINANCE |
As per project cost. |
| MARGIN |
15 to 25% of the project cost |
| RATE OF INTEREST |
13.50% p.a.; 13.50% under tie-up
arrangement in case of Tractors |
| REPAYMENT |
Maximum in 9 years. | |
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| FINANCIAL ASSISTANCE TO FARMERS FOR PURCHASE OF TWO WHEELERS |
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| PURPOSE |
To facilitate quick movement from
home/farm to market, etc. |
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| ELIGIBILTY |
Such farmers, who are permanent resident
in the Bank’s service area / area of operations and hold 2.5 acre perennially irrigated agriculture land. |
| QUANTUM OF FINANCE |
100% of net annual income or Rs.40,000/-, whichever is less. |
| MARGIN |
Minimum 25% of the project cost |
| RATE OF INTEREST |
13.00% p.a |
| REPAYMENT |
In 5 years / in 10 Half Yearly equated installments. | |
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| FINANCIAL ASSISTANCE TO FARMERS FOR PURCHASE OF LAND FOR AGRICULTURE PURPOSE |
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| PURPOSE |
To make small and marginal land holdings economically viable to make barren land suitable for agriculture to provide credit facility to Landless and small farmers. |
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| ELIGIBILTY |
Small and marginal farmers, share croppers etc.
having land holding not exceeding 8.00 acres to 9.25 acres for dry land and 6.75
acres to 7.50 acres for irrigated land depending upon the land holding criterion
of the district. This land ceiling includes the land to be purchased through
this scheme. |
| QUANTUM OF FINANCE |
100% of net annual income. As per area
in which the land is to be purchased, its valuation and development cost. |
| MARGIN |
1. Upto Rs.50,000/- NIL
2. Above Rs.50,000/- minimum 10% |
| RATE OF INTEREST |
13.50% p.a. upto Rs.5,00,000/-, 14.50% above Rs.5.00
lac |
| REPAYMENT |
In 7 to 12 years in Half Yearly equated installments. | |
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| EDUCATION LOAN |
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| PURPOSE |
To provide financial assistance to meritorious scholars for higher education. |
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| ELIGIBILTY |
Should be citizen of India, such students, who posses excellent academic record and have secured minimum 60% marks in their academic carreer. |
| AGE LIMIT |
Maximum 30 Years. |
| EXPENSES FOR WHICH LOAN MAY BE CONSIDERED |
- Fee payable to college / school / Hostel.
- Expenses on Boarding / Lodging
- Examination / Library / Laboratory fee
- Expenses on books / equipments / Implements / uniform etc
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| QUANTUM OF FINANCE |
Maximum Rs.10.00 Lac
for education in India and Rs.20.00 lac for education abroad |
| MARGIN |
Upto Rs.4 Lacs NIL
Above Rs.4 Lacs 5% |
| QUANTUM OF FINANCE |
As per project cost. |
| RATE OF INTEREST |
12.00% p.a. up to 4 lacs
12.50% p.a. on loans above 4 lac
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| REPAYMENT |
In 5 –7 years after getting employment or after six month of completion of course whichever is earlier. | |
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| SCHEME FOR SOLAR WATER HEATER SYSTEM |
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| PURPOSE |
To provide financial assistance for purchasing Solar Water Heater Systems with necessary accessories.
Bank is actively participating in NABARD / Govt. of India's "Capital
subsidy-cum-Refinance Scheme" |
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| ELIGIBILTY |
Households in Rural, semi Urban and Urban Areas, business establishments, Hostels, Hospitals, Hotel / Restaurants etc. who have an assured source of income to meet out repayments. Any individuals, institutions, NGO’s and commercial organizations. |
| LOAN AMOUNT |
Upto 80% of the cost of the project. |
| COST OF PROJECT |
From Rs.9500 to Rs.6.00 Lacs |
| MARGIN |
20% of the project cost. |
| RATE OF INTEREST |
5%
p.a. |
| REPAYMENT |
Maximum repayment period 5 years inclusive of 3 months moratorium period in equated monthly instalments. | |
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| KISAN CREDIT CARD |
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| PURPOSE |
Financial assistance to farmers for crop production and consumption needs. |
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| ELIGIBILTY |
Short term cash credit limit for crop production to farmers having agricultural land and term loan for agriculture and allied activities. |
| LIMIT / LOAN AMOUNT |
According to scale of finance of
crops to be grown. |
| MARGIN |
NIL |
| RATE OF INTEREST |
7% upto Rs.
3,00,000/- (wherever interest subvention is available)
10.50% upto Rs. 50,000/- (wherever interest subvention is
not available)
13.50% above Rs.50,000/- (wherever interest subvention is not
available) |
| REPAYMENT |
After harvesting and marketing of produce. | |
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| ADVANCE AGAINST INSURANCE POLICIES |
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| PURPOSE |
To meet out the
financial needs of customers Bank is providing loan against policies; issued by
Life Insurance Corporation of India |
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| ELIGIBILTY |
Any major person having bonafide Insurance Policy in his name. |
| QUANTUM OF FINANCE |
- For LIC of India -75% of surrender value in 3 years old policies.
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| MARGIN |
25% |
| NATURE OF FACILITY |
Term Loan / Overdraft |
| RATE OF INTEREST |
14% p.a.
up to Rs.50000/-
15% p.a. up to Rs.2 lac
15.50% p.a. above Rs.2 lac
on quarterly compounding to be served on monthly basis. |
| REPAYMENT |
60 months or maturity date of policy which ever is earlier. | |
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| FINANCIAL ASSISTANCE FOR MEDICLINICS FOR QUALIFIED MEDICAL PRACTITIONERS |
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| PURPOSE |
Composite loan for purchase of land / plot / building for Hospital / Nursing Home and for purchase of medical equipment with working capital requirement. |
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| ELIGIBILTY |
Individuals / partners (group of qualified medical practitioners). |
| QUANTUM OF FINANCE |
Rs. 100 Lacs of which working capital should not be more than Rs.10.00 Lacs. |
| MARGIN |
15% |
| RATE OF INTEREST |
14.00% p.a.
up to Rs. 15 lacs
14.50% p.a. up to Rs. 15 lacs
with quarterly rest. |
| REPAYMENT |
10-15 years including grace period of six months. | |
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| HOUSING LOAN |
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| PURPOSE |
Financial assistance for purchase of land / flat and for construction of residential house. |
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| ELIGIBILTY |
Individuals / Salaried persons / Professional and self employed having adequate repayment capacity. |
| AMOUNT OF LOAN |
Rs. 25 Lac in which Rs.5.00 lac is for repair / renovation / additional construction and Rs.50,000/- for final touch |
| QUANTUM OF FINANCE |
As per project cost. |
| MARGIN |
20% |
| RATE OF INTEREST |
10.00% if repayment in 5 years
10.50%, repayment
above 5 years and up to 10 years
11.00%, repayment above 10 years |
| REPAYMENT |
Maximum 15 years in equated monthly installments. | |
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| SCHEME OF AGRICULTURE GRADUATES FOR ESTABLISHING AGRI CLINICS AND AGRI BUSINESS |
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| PURPOSE |
Financial assistance for setting up Agri Clinic and Agri Business centers for providing expert
advice for better cropping practices, protection from pests and diseases, market trend and also clinical services for animal health. |
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| ELIGIBILTY |
Agriculture graduates / graduates in subject allied to agriculture,
like veterinary, dairy, etc. |
| AMOUNT OF LOAN |
Rs.10 Lac |
| QUANTUM OF FINANCE |
As per project cost. |
| MARGIN |
No margin up to Rs.5 Lac
25% above
Rs.5 Lac |
| SUBSIDY |
- 25% to 33.33% on capital investment (back ended)
- Interest subsidy for two years
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| RATE OF INTEREST |
13.50% p.a. |
| REPAYMENT |
5 to 10 years including moratorium period of maximum 2 years. | |
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| AMRA KRISHAK CARD |
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| PURPOSE |
Financial assistance for mango production and marketing. |
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| ELIGIBILTY |
Mango growers having mango orchards. |
| AMOUNT OF LOAN |
According to scale of finance and land holding. |
| MARGIN |
NIL |
| RATE OF INTEREST |
7% upto Rs.
3,00,000/- (wherever interest subvention is available)
10.50% upto Rs. 50,000/- (wherever interest subvention is
not available)
13.50% above Rs.50,000/- (wherever interest subvention is not
available) |
| REPAYMENT |
- For crop production – after harvesting and marketing of crop.
- For setting up new orchards – In 13 years including moratorium period of 8 years.
- For rejurivation of old orchards –in 8 years including moratorium period of 3 years.
- For Nursery –In 7 years including moratorium period of 2 years.
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CAPITAL INVESTMENT SUBSIDY SCHEME FOR RURAL GODOWNS / COLD STORAGE |
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| PURPOSE |
Construction of Rural
Godowns / Cold Storage for procuring and storing Agriculture produce of farmers in rural area. |
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| ELIGIBILTY |
Individual
farmer, Group of farmers, proprietor / partnership firms, NGO’s SHG’s Corporations, companies, cooperative societies, Agro processing cooperative societies, Agricultural production and marketing societies and marketing Boards. |
| AMOUNT OF LOAN |
Project cost as per capacity of
Rural godown / Cold Storage less margin. |
| MARGIN |
25% for general categories
20% for SC/ST beneficiaries. |
| SUBSIDY |
25% to
33.33% of project cost as per capacity of Rural godown / Cold Storage less margin. Maximum Rs.37.50
Lac and Rs.50.00 Lac respectively (back ended) |
| RATE OF INTEREST |
13.50% p.a. up to Rs. 10 lac
14.00% p.a. above Rs. 10 lacs |
| REPAYMENT |
In 10 -12 years. | |
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| FINANCIAL ASSISTANCE AGAINST STORAGE RECEIPT |
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| PURPOSE |
To extend finance against
warehoused farm produce to get better marketing price at the time of sale. |
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| ELIGIBILTY |
Farmers or Group of farmers who are engaged in producing food grains including fruits and have taken short term loan under KCC. |
| AMOUNT OF LOAN |
70% of value of produce kept in storage maximum Rs.10.00 Lacs. |
| MARGIN |
30% of the project cost |
| RATE OF INTEREST |
13.50% p.a. upto Rs.10 lac,
14.50% p.a. above Rs.10 lac |
| REPAYMENT |
After marketing of produce as per seasonality. | |
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| KISAN CREDIT CARD FOR TENANT FARMERS / ORAL LESSEES
/ JOINT LIABILITY GROUP |
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| PURPOSE |
Agricultural labours who have no agricultural land in their names and are engaged in farming as tenant farmers / oral lessees. |
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| ELIGIBILTY |
Group of 5 –20 tenant farmers who are associated in self help groups for last 3 months and graded according to self help group concept. |
| AMOUNT OF LOAN |
Rs.50,000/- per member of the group maximum Rs.5.00 Lacs. |
| MARGIN |
NIL |
| RATE OF INTEREST |
7% upto Rs.
3,00,000/- (wherever 3% interest subvention is available)
9% upto Rs. 50,000/- (wherever 3% interest subvention is
not available)
12% above Rs.50,000/- (wherever 3% interest subvention is not
available) |
| REPAYMENT |
As per revolving cash credit. | |
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| SMALL ROAD TRANSPORT OPERATOR SCHEME |
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| PURPOSE |
To provide transport vehicle to experienced beneficiaries to raise income from transportation. |
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| ELIGIBILTY |
Individuals |
| AMOUNT OF LOAN |
75% of cost of vehicle, Insurance and registration expenses. |
| MARGIN |
25% of the project cost |
| RATE OF INTEREST |
12.50% p.a. upto Rs.10 lac,
13.50% p.a. above Rs.10 lac |
| REPAYMENT |
Equated monthly instalments repayable in 5 years. | |
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| SWAROJGAR CREDIT CARD SCHEME |
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| PURPOSE |
Self employment through Bank credit to small enterprises. |
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| ELIGIBILTY |
Self employment, Artisans, Small businessman, weavers, fishermen, Individuals, engaged in services, rikshaw pullers and SHG’s,
etc. |
| AMOUNT OF LOAN |
Rs.1,00,000/- in the form of term loan and / or cash credit. |
| MARGIN |
NIL |
| RATE OF INTEREST |
13.00% p.a. |
| REPAYMENT |
5 years in equal monthly instalments / Annual review. | |
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| ANNAPURNA SCHEME |
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| PURPOSE |
To provide financial assistance for domestic needs. |
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| ELIGIBILTY |
Permanent Government / Semi-Government, Teachers and
salaried persons drawing salary from branches of our Bank. |
| TYPE OF FACILITY |
Clean overdraft / Term loan. |
| QUANTUM OF
FINANCE |
Twenty times of net salary maximum Rs.4.00 Lac. |
| RATE OF INTEREST |
14% p.a. |
| REPAYMENT |
Clean overdraft – Annual review
Term Loan – 60 equated monthly instalments. | |
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SCHEME FOR RETIRED TEACHERS (ACHARYHIT YOJNA) |
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| PURPOSE |
Financial Assistance to pensioners of Govt. / semi Govt. departments and educational institutions. |
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| ELIGIBILTY |
Pensioners drawing pension from branches of our Bank. |
| QUANTUM OF
FINANCE |
Four times of monthly pension maximum Rs. 20,000/- |
| MARGIN |
25% of the project cost |
| RATE OF INTEREST |
13.50% p.a. |
| REPAYMENT |
Cash credit accounts on annual review. | |
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| MAHILA UDYAMI
CREDIT CARD |
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| PURPOSE |
Financial Assistance to women beneficiaries for small business, self employment, Artisan, Jari Embroidery, Moonga moti, tailoring etc. to raise the income and social status of women. |
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| ELIGIBILTY |
Individual and Group of ladies. |
| AMOUNT OF LOAN |
Rs.50,000/- in the form of cash credit and term loan. |
| MARGIN |
Upto Rs.25000/- - NIL
Above Rs.25000/- - 15% |
| RATE OF INTEREST |
13.00% p.a. |
| REPAYMENT |
In five years. | |
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| GRAH LAXMI YOJNA FOR WOMEN |
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| PURPOSE |
Assistance for domestic needs like purchase of household goods, education, medical treatment and other misc. expenses. |
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| ELIGIBILTY |
Female beneficiaries whose husbands are permanent employees of Govt. / Semi Govt., educational / financial institute as drawing salary from branches of our Bank. |
| AMOUNT OF LOAN |
Four months net income/ salary of husband or maximum Rs.20,000/- |
| MARGIN |
NIL |
| RATE OF INTEREST |
13.00% p.a. |
| REPAYMENT |
In 36 EMI | |
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| KISAN SAMADHAN CARD |
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| PURPOSE |
To fulfill entire needs of farmers for short term, medium term finance including repair of farm machinery, consumption needs. |
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| ELIGIBILTY |
Kisan Card holders having availed short term and medium term loan and whose repayment in last 3 years was regular and satisfactory are eligible under the scheme. |
| QUANTUM OF
FINANCE |
Ten times of net Agriculture income. |
| MARGIN |
Production Credit : upto Rs.50,000/- ---NIL , Above Rs.50,000/---15%
Investment Credit :15% |
| RATE OF INTEREST |
7% to 13.50% depending
upon project and project cost |
| REPAYMENT |
5 –7 years including gestation period. | |
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