Baroda Artisans Credit Card (BACC)
- To provide adequate and timely assistance to the artisans to meet their credit requirements - both investment needs as well as working capital - in a flexible and cost effective manner. The scheme is implemented in rural and urban areas.
ELIGIBILE BORROWERS :
- All artisans involved in production / manufacturing process.
- Preference given to artisans registered with Development Commissioner (Handicrafts).
- Beneficiaries of other Government Sponsored loan schemes will NOT be eligible for coverage under BACC scheme.
- Maximum Rs. 2/- Lakhs per borrower.
- For limits upto Rs. 25,000/- No margin
- For limits above Rs. 25,000/- but upto Rs. 2 Lakhs 15% to 25% margin.
- Margin is subject to change as per RBI guidelines from time to time or the bank's policy in this regard.
Click here to download copies of blank agreements to be executed by the borrowers
- Hypothecation of assets financed under the scheme..
> Working Capital Finance
> Term Finance
> Small Business Borrowers
> Traders Loan