| Persons who can avail |
: |
Traders, Workshops, Hotels and other Business ventures. |
| Eligibility Norms |
: |
Persons falling in this group having business establishments/license to pursue the related profession. |
Amount Eligible &
Rate of Interest |
: |
- Unsecured Loans Upto Rs. 50,000/- @ 15%
- Business Loans/Other Loans Upto Rs. 2,00,000/- @ 13%
- Business Loans/Other Loans Above Rs. 2,00,000/- @ 14%
- Cash Credit/Overdraft Limit Upto Rs. 2,00,000/- @ 14%
- Cash Credit/Overdraft Limit Above Rs. 2,00,000/- @ 14%
|
| Security |
: |
Hypothecation of assets & collateral security double in value of the property if the amount is above Rs. 50,000/- |
