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Last Updated on 25/03/2017
Credit Card Swarojgar

Credit Card Swarojgar
Objective To provide adequate and timely credit i.e Working Capital or Block capital or both to small artisans, Handloom weavers, Service sector, fisher men, self employed, rickshaw owners , other Micro - entr epreneurs etc. 
Eligibility
Fishermen, Rickshaw owners, Self Employed persons, small artisans, Self Helf Groups etc,
Purpose
To meet out Working Capital & Block capital
Amount
Max.25,000/-
Margin
Nil
Security
Hypothecation of assets only
Repayment
Working Capital as revolving CC.
 Term Loan in 5 years.
Holiday Period
Nil
Rate of Interest
11 %
Remarks
  •  Card valid for 5 yrs
  •  No fee for renewal.
  •  Group insurance cover – premium to be shared equally by bank &borrower .
  •  No withdrawal permitted if revolving CC remains Outstanding for  more than 12  
     months.
  •  Tiny Industries  to be covered under CGTMSE