Credit for small and cottage industries.

Purpose:
To provide financial assistance as working capital for small and cottage enterprises.

Features:
• Sanctioned as term loan for 07 years
• Loan for capital requirements to small business firm/ businessperson/ partnership firm/ company/ small entrepreneurs/ handicraft artisans.
• Maximum loan up to Rupees 40.00 lakh
• Loan available upto 70% of the cost of project
• Collateral free loan upto Rs 25000.

Advantage:
• Minimal Interest Rate
• Minimal Documents
• No collateral required upto Rs 25000
• Minimal Processing Fee
• No hidden charges
• No Pre-payment penalty

Eligibility:
• Small business firm/ businessperson/ partnership firm/ company/ small entrepreneurs/ handicraft artisans doing business for more than 01 year in the Jodhpur District.
• Any such entity willing to start new business.


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
• KYC Documents of the applicant and guarantors
• CIBIL reports of the applicant and guarantors
• Last 03 year Income Tax Returns of the applicant and guarantors
• Documents of the firm/ business
• Proposed project report and projected balance sheet, cash flow etc for next 07 years
• Property documents, search and valuation report of the property to be pledged against loan
• Quotation of the machinery to be purchased/ construction estimate
• Affidavit by the applicant


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