PURPOSE

• To provide hassle free credit facilities to Small business units, retail traders, artisans, village industries, small scale industrial units and tiny units, professionals and self employed persons etc.

ELIGIBILE BORROWERS :

• All existing customers in the categories of Small Business, Retail Trade, Artisans, Village Industries, Small Scale and Tiny Units, Professional & Self Employed persons etc. having satisfactory track record / dealing with the bank for last 3 years.

LIMIT :

• Maximum upto Rs. 10/- Lakhs per borrower.

PERIOD / VALIDITY:

• The limit fixed under the scheme will be valid for a period of three years subject to internal annual review based on the conduct / operations of the account.

SECURITY :

• Hypothecation of stock in trade, receivables, machinery, office equipment etc. as specified for existing limit.

MARGIN :

• 25%.