Choose co-operative, choose equality.

Purpose:
To provide financial assistance to artisans and other workers to boost their entrepreneurial endeavor through affiliated societies in a simplified and hassle free manner.

Features:
• Sanctioned as term loan for 05 years
• Loan to assist micro and small entrepreneurs in handicrafts, weaving, masonry, tailoring and other entrepreneurial activities.
• Maximum Loan up to Rupees 50,000 to each member
• 100% of cost of the project can be availed as finance

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

Eligibility:
• Affiliated societies of the bank, having good and strong balance sheet and accumulated profit as per the latest audit report.
• The amount of NPA should be within 10% limit.
• The PACS should have a permanent secretary appointed in it.

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

Charges:
• Zero 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
• Proposal of the constitution of the board members in the society
• List of board of directors and their KYC
• KYC of the society and the secretary
• Appointment letter of the full time secretary working in the society


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