Eligibility |
Individuals and firms managing a business enterprise established mainly for the purpose of providing any service other than professional services. |
Extent of Finance |
Individual limits for working capital will be fixed depending upon the requirement of activities pursued. Advances for acquisition, construction, renovation of House Boats and other tourist accommodation will be financed. Advances for distribution of mineral oils will also be considered under this category |
Rate of Interest |
As per prevailing rates from time to time |
Margin |
No margin up to Rs.25000/- 15 to 25 percent for credit limits exceeding Rs.25000/- |
Security |
Assets created out of Bank’s finance Collateral security as per Bank’s discretion |