Laghu Udyami Card

                                          LAGHU UDYAMI CARD

1

Purpose

To meet the working capital requirements of small MSE borrowers.

2

Eligibility

 

All existing customers under MSE sectors, who are dealing with us for the last three years satisfactorily and enjoying loan/operative limit up to Rs.10 lakh are eligible. Borrowers with continuous satisfactory past dealings with us for a minimum period of three years but not having any liability right now with us can also be covered under the scheme.

3

Nature of facility

Working Capital

4

Quantum of Loan

Maximum Rs.10.00 lakhs.

5

Margin

Under priority sector up to Rs.25,000/- - Nil

Above Rs.25,000/- 15% to 25% depending upon the purpose, security and the amount of loan.

6

Rate of interest

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7

Guarantor

Partners/promoter /directors etc

8

Security

Assets created out of bank finance.

9

Processing fees/other charges

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10

Repayment

The Overall Card Limit under LUC is valid for three years. However, the Operative Limit is to be renewed within 12 months

11

Application with checklist

 

Click Here to Download the Application Form/Check List

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