| Criteria | Policy |
|---|---|
| Purpose | Cash Credit facility to merchants of small businesses selling Fast-moving Consumer Goods (FMCG) |
| Loan Limit | Upto Rs. 2.00 lakh |
| Repayment period | To be operated on daily basis. To be renewed every year |
| Rate of Interest | Concessional ROI 11 p.a. (fixed) at the discretion of the Bank. |
| Processing Fee / Pre-payment charges | Rs.500/- irrespective of the loan amount.
No prepayment charges. |
| Security | Hypothecation of stocks of kirana and essential goods lying in the shop or in the premises/godown of the borrower. |
Loans to Small Businesses
