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Purpose:
To provide financial assistance to start your small business in agricultural or non-agricultural sectors eg. Animal husbandry, handicrafts, weaving, printing etc. for persons living in rural areas.
Features:
• Sanctioned as Cash Credit Limit for 03 years
• Loan for capital requirements in non-agricultural activities eg hardicrafts, weaving etc.
• Maximum loan up to Rupees 2.00 lakh
• Loan available upto 70% of the cost of project
• Effective zero rate of interest rate for regular loanee
• Collateral free loan
Advantage:
• Effective Zero Interest Rate
• Minimal Documents
• Zero Processing Fee
• No hidden charges
• No Pre-payment penalty
Eligibility:
• Any person residing in rural area of Jodhpur district for more than 05 years, who needs capital for non-agricultural commercial activities
Rate of Interest:
• Rate 0.00% 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
• KYC Documents of the applicant and 02 guarantors
• CIBIL reports of the applicant and 02 guarantors
• Project report of the proposed work
• Affidavit by the applicant
*Terms & Conditions apply. For further details, Please contact your Nearest Branch