Rajarambapu Sahakari Bank Limited bank commenced its operation on 10.11.1981. Rajarambapu Patil was leading height of the bank; he saw that the bank provides services to small and needy persons.
The bank caters to the needs of small farmers, artisans and craftsmen, large and small scale industries, traders and self employed. Providing loans for improving the standard of living for creating self employment opportunities and increasing earning potential of rural people. Under the dynamic leadership of Hon.Shri.Jayantrao Patil, bank has entered to Kolhapur, Satara & Pune districts. The Bank is now planning to extend its branches to Mumbai, Solapur and Ratnagiri. Under his guidance the bank is continuously implementing & practicing new techniques for its customers. It offers crop loans, home loan, personal loan, land mortgage loan etc.
Purpose – Machinery loan is available for purchase of agriculture machinery as well as industrial machinery
Eligibility – Farmers with repaying capacity are eligible for the loan
Loan Amount – 75 % loan is available for New Machinery of the quotation price and for old / used machinery 50 % of the valuation of machinery
Interest Rate – The rate of interest is 11%