A member may be a trader/proprietor/vendor/Hotelier/Restaurant owner/ firm/Small or cottage Industries and other business persons of this co-operative Society can avail a Business Loan for his business development.
Eligibility: A member must have to run a savings/Current/Daily account on a regular basis for a minimum 6 months and above.
Mortgage: Loan can be given under the mortgage of NSC/KVP/LIC/other Insurances/gold/Land & Building (after legal opinion by office advocate and proper valuation by the office value) and minimum 10% of loan amount can be kept as margin money including share Deposit. Two members including one family member stood as guarantor/co-applicant.
| Sl.No. | Maximum Limit | Maximum Repayment Period | Maximum Repayment Period |
| 1 | Rs. 4500000/- | 14% (PA) reducing balance (T &C apply) | 7 Years |
Repayment: Loan can be paid by ECS /weekly/monthly/ through Daily Account collected by society Agent.
