The Bank shall extend the credit facility to the extent of overdraft limit (sanction limit) against which account holder can withdraw. The loan amount for overdraft shall be determined by contract value of work, supply orders and stocks, etc.
Borrower Eligibility
1. Must hold a valid trade license obtained from MoEA
2. Must be creditworthy.
Term period
Maximum term period of one year
Required Documents
1. Detailed project costing of activities to be carried out(recurrent expenses)
2. Copy of Land ownership certificate/Insurance copy of assets to be mortgaged.
