Beneficiary |
Individual, Sole Prop., Firm, Coop. Societies or a Company. |
Purpose |
For meeting working capital requirement of business. |
Loan Limit |
Rs 25 lacs |
Rate of Intt |
14% |
Margin |
nil |
Repayment Period |
Renewable on annual basis. |
Collateral Security |
Immovable Properties for the value of 150% of the amount. |
Area of Operation |
Loan shall be advanced in the area operation in the Muktsar district. |
Penal Rate |
2% above normal ROI |