| 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 |