Email: dccb.jodhpur@rajasthan.gov.in

Branches Timing: 10 Am to 5 Pm

Business Cash Credit Limit:
 

Cash Credit Limit to Cooperative Societies for their liquidity and capital requirements.

Purpose:
To provide cash credit limit to the affiliated societies for their day-to-day liquidity and capital requirements

Features:
• Sanctioned as cash credit limit for 01 years
• Limit for capital and liquidity requirements to affiliated cooperative / marketing cooperative societies in their business.
• Maximum limit up to Rupees 40.00 lakh
• Limit available at zero margin

Advantage:
• Minimal Interest Rate
• Minimal Documents
• Minimal Processing Fee
• No hidden charges
• No Pre-payment penalty
• No guarantors required

Eligibility:
• Affiliated societies of the bank, having good and strong balance sheet as per the latest audit report.
• NPA of the societies should be below 10%.
• The amount of the applied limit should be within the maximum borrowing power of the society along with the other loans taken by it.
• Net Disposable Reserves of the balance sheet should be at least 12%.

Rate of Interest:
• Rate 12.00% for regular loanee
• ROI is calculated on daily reducing balance

Charges:
• Minimal Processing Fee
• Other Charges: Document stamp charges as prescribed by the Government

Documents Required:
• Application form duly filled and signed
• Proposal by the board of directors of the society
• Last 03 year audit reports
• Appointment letter of the full time secretary working in the society
• Proposal of the constitution of the board members in the society
• List of board of directors and their KYC
• NOC to conduct business
• Certified stock statement
• KYC of the society and the secretary


*Terms & Conditions apply. For further details, Please contact your Nearest Branch