Industrial Finance

Industrial Finance

WORKING CAPITAL & TERM LOANS Purpose:

  • Production and Service Development

Eligibility

  • Manufacturer and Persons engaged in service industries ( Ex. Hospitals)

Margins:

  • For Machinery and Equipments - 25 % ( Depending upon the nature of equipment/ Machinery)
  • For Electrical Equipment – 25% to 50%
  • For Factory Shed and Building – 25% to 50%

Rate of Intrest

  • Different rates upto Rs. 10.00 Lacs and above Rs. 10.00 Lacs

Repayment:

  • In case of Term Loan :
  • 84 Months including moratorium.

 

Basic Savings

Features

No Minimum Balance, No initial deposit to open the account.

No restrictions like Age, Income Criteria for opening BSBD Account.

All provisions of KYC, AML, PML are applicable.

Passbooks are given free.

Maximum of Four withdrawals in a month including ATM withdrawals;

RuPay ATM Cum Debit Card with Accidental Insurance of Rs. 1.00 Lac free

No charges for all the above facilities

PMJDY

PMJDY

The Hon’ble Prime Minister in his Independence Day Speech on 15th August, 2014 announced a comprehensive program of Financial Inclusion targeting the large number of people who are currently deprived of even rudimentary financial services. The PradhanMantri Jan DhanYojana (PMJDY) sets out to provide a basic Bank account to every family who till now had no account.