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| Purpose: |
| Short term Finance to Commission Agents for onward lending to Farmers. |
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| Eligibility: |
| Commission Agents with established reputation & good relationship with the bank. |
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| Amount of Loan: |
| Max. 60% of debts being serviced or 75% of the Capital employed by Commission Agent, whichever is lower. |
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| Security: |
Prime Security - Nil
Collateral Security - Mortgage of Property or Cash Securities like NSC/KVP/LIC etc. |
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| Margin: |
| 40% against Book Debts. |
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| Click Here for Rate of Interest |
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| Repayment: |
| 12 months. |
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| Click here to view PLR Rates |