Credit Card (Laghu Udyami Credit Card)

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Credit Card (Laghu Udyami Credit Card)
Objective	To meet credit requirements of Small Business units, Retail Traders, Artisans, Village Industries, SSI, Tiny Sector Units and Professionally Self employed.
Eligibility	Existing Other Priority Sectors, Medium and Small Enterprises dealing with us for the past 3 yrs
Purpose	For crop/ harvest and maintenance of machinery
Amount	Limit upto Rs. 10 lacs
Margin	25 %
Security	Hypothecation of stocks, existing collateral (may be waived on merit)
Repayment	Annual review - continuous CC
Holiday Period	NA
Rate of Interest	Up to Rs. 25,000 - 11% >Rs. 25,000 up to 2 lacs -- 11.50% >Rs. 2lacs -- 13.50%
Remarks	Card valid for 3 yrs 25% as cash withdrawal from any branch. Credit balance to get SB interest Accidental insurance cover – premium to be shared in the ratio 3:1 between card holder and Bank.
Additional Benefits	Accidental Insurance Rs. 50000/-

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Last Updated On 17 May 2012

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