Non Farm Sector Loan Scheme (NFS)

Beneficiary Individual, Sole Prop., Firm, Coop. Societies or a Company.
Purpose For the establishment of cottage, tiny and SSI unit.
Loan Limit Maximum amount up-to Rs. 25.00 Lac at CCB Level.
Rate of Intt 13% &14%.
Margin maximum 25%
Repayment Period Maximum 5 years
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.