Laghu Udyami Credit Card Scheme
This scheme was launched for small businessman and Retail traders to provide easy and hassle free loan. Under this scheme loan can be sanctioned to fulfill any business need of the small business units. All the business units with satisfactory track record of the bank for the past 2 years or any other unit who is not our banks existing customer but having excellent track record can also apply.
- Eligible Customers: MSE’s including artisans, retail traders, service sector/ Small businessmen, self employed and professionals.
- Type of Facility: Cash Credit, Overdraft and/or Term Loan
- Purpose: To meet any type of credit requirement including purchase of shop.
- Quantum of Finance: Maximum up to Rs. 20.00 lacs
- Interest Rate: 10.50%
- Repayment: Maximum period for repayment of term loan is 60 months.