||To purchase any solar driven livelihood products which assist their income generating activity under MSME.
||Permanent Resident of the command Area, engaged in any income generating activity intended to purchase the product to improve his income level.
||Individual/firm engaged in MSME activity
|Quantum of Finance
||Maximum loan amount is Rs.2,00,000/-.
|Rs.25000 to Rs.50000/-
|Rs.50001 to Rs.100000/-
|Rs.100001 to Rs.200000/-
||Directly along with margin money
|Rate of Interest
||11%pa & OD @ 13%pa
||Repayable in 60 EMI
||Interest will be capitalized half yearly. Interest shall be recovered along with installment.
Hypothecation of assets purchased out of loan proceeds
Collateral(If not covered under CGTMSE):
Up to & inclusive of Rs.50000/--No collateral security is required
>50000/- -Collateral security by way of Mortgage of Non Agricultural property / NSC/KVP, Deposits , LIC policies / Vehicles : Valued not less than 25% of loan amount
||One credit worthy surety acceptable to the Bank (if not covered under CGTMSE)