Purpose:
An advance for the small-scale traders to enhance their working capital.
Limit:
Upto Rs.1-lakhs
Eligibility:
The applicant should have a small-scale trading venture. The proof for the same such as license from the local body, lease deed etc. has to be produced.
The Manager concerned will conduct a site inspection to ascertain the location and holding of stock-in-trade.
Interest Rate:
13.00% p.a.(simple) and for defaulted accounts 18% p.a. on EMI.
Repayment Perod:
12-months to 60-months.
Security:
As in the case of Chitty.
