A recent press report said that Home loans major HDFC Ltd has hiked its retail prime lending rate by 50 basis points to 16.5 per cent, with effect from August 1, 2011. Reports said that the revised interest rates on floating rate home loan up to Rs 30 lakh has become 10.75 per cent; for… Read More »
Purpose – The Scheme aims at the following objectives: a. To augment flow of credit to tenant farmer’s cultivating land either as oral lessees or sharecroppers and small farmers who do not have proper title of their land holding through formation and financing of JLGs. b. To extent collateral free loans to target clients through… 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 Company (Private Public)… 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 – All regular… 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 through entrance… 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 is… 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 land holding… 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 – Minimum 15% Rate… Read More »
Purpose – To offer financial assistance to meritorious students for pursuing higher education in India and abroad Eligibility – Professional courses, engineering, medical, agriculture, veterinary, dental medicine. Courses conducted by IIM, IIT etc. Studies abroad: Job oriented professional or Technical courses offered by reputed universities. Loan amount – Need based finance subject to repaying capacity… Read More »
Purpose – New well, bore-well, SIP set, IP set, DP set, Pipe line, sprinkler and drip irrigation etc. Eligibility – All the farmers owning minimum of 3 acres of land Loan amount – As per NABARD unit cost Disbursement – For development activity in the field, in stages and purchase of assets as per quotation … Read More »