Rajarambapu Sahakari Bank Limited – Machinery Loan

By | May 26, 2011

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%

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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