“Baroda Weavers Credit Card” is promoted by Ministry of Textiles which aims at providing adequate and timely assistance to weavers to meet their credit requirements.
The limits sanctioned will be secured by way of primary charge over the assets financed. No collateral security is required. All amounts would preferably be covered CGTMSE
DOCUMENTATION
- D P Note
- Hypothecation of assets financed out of the loan under the Scheme
- Letter of instalment, in case of loan availed for purchase of tools and equipments
- Undertaking that the borrower would maintain a minimum required margin
- Any other relevant documents as per extant guidelines
The above are basic particulars of the schme. Details may be obtained from our branches or the AGM (SME) whose contact details are given on our SME Page
