Purpose of Loan
This Loan is provided for purchase of new plant & macheneries for industrial purpose for our society members development. The sanctioned Machienary should be hipothicated to Society.
Documents to be Submitted for Loan
- 2 Surities of Society Members
- Address Proof
- Pan Card
- IT returns of 3 years
- Proforma Invoice of Machinaries
- Catalog & literature of Machine
- Tax Paid Receipt of building to be Proivded if having own premises for running the industry else submit the rental agreement.
- Industrial License
- Power License
|Duration (Years)||Rate of Interest (%) Per Annum||Maximum Loan Provided|
|Purchase of new machinaries||5 Years /
|14% PA||60% on Machinary Basic price or Rs. 5 Lakhs which ever is less|