A recent press report said that Canara Bank is expecting about Rs. 1,200-crore business this year from its 150 financial inclusion branches in the country. Ms. Archana S. Bhargava, Executive Director, Canara Bank, told the press that the bank was treating financial inclusion as a business opportunity and that the bank is expecting that the… Read More »
Purpose – To finance working capital & term loan need to Retails & wholesale trading activities Eligibility – Existing enterprises engaged in business for at least 2 years & earning profit during last 2 years. Quantum of Loan – Minimum Rs. 50,000- Maximum Rs. 50 lakhs Constitution – Individual Proprietorship Partnership Limited… Read More »
Purpose – To provide user friendly substitute of Kerosene lamps for Home lighting; stands by arrangement for home lighting at the time of load shedding; Assist rural people who are mostly the farmers and artisan to take up economic activities after sunset. Area of Operation – All Branches of the Bank Eligibility – … Read More »
Big – Shiksha is the education loan offered by the bank. It is offered to deserving candidates of the country. Purpose – To offer financial assistance to deserving students of the country to pursue higher education Eligibility – Student of Indian Nationality; Secured admission to professional / technical course in India or Abroad… Read More »
Purpose – To extend financial assistance in terms of Cash Credit Demand Loan to meet unforeseen domestic expenses Target – Individual and association of persons attaining age of majority. Eligibility – Who posses Bank’s Own deposit (Term Recurring, NSC, KVP & LIC Policy) Quantum of Loan – Bank’s own deposit Max CCDemand Loan Limit… Read More »
Purpose – The loan is offered for the purchase of tractor and other agricultural machinery Eligibility – Tractor – minimum land holding 4 acres of perennial irrigated land; Minimum of 1000 hrs of production work in agriculture per year on own farm or both own farm & custom services. Power Tiller – minimum… Read More »
Big- Home is the home loan scheme offered by the bank to purchase new independent house or ready built Flats or repair and extension of built houses. Purpose – A Scheme for purchase of new independent house / ready built Flats (Repair / Extension / Renovation also) for residential purpose Eligibility – Indian… Read More »
Purpose – Scheme a Scheme for purchase of consumer goods & computer Hardware & legal software. Eligibility – All resident Indians salaried, professional, self-employed businessman Quantum of Loan – Maximum amount Rs. 1.00 Lac (For salaried person: 10 times of net monthly emolument or Rs 1 lakh whichever is less) Margin –… Read More »
Purpose – Big- Bike is a scheme for Two Wheeler (New Only) financing. Eligibility – For Salaried Person: permanent employee with 3 years of completed service and minimum remaining 5 years of service; take home salary Rs. 5000/- PM +EMI. If take home less than 5000/- should be covered with sufficient collateral liquid security. For… Read More »
A recent press report said that the West Bengal government has approached the World Bank to prepare a road map for the development of technical education in the State. Mr. Rabiranjan Chattopadhyay, State Technical Education Minister, who was speaking at a seminar organized by the Confederation of Indian Industry (CII) on employment and employability focus… Read More »