SWARAJ GUR Credit Card

Purpose
To provide adequate and timely credit ie, working capital or block capital or both to the eligible borrowers under nonfarm sector. The SCC account can be operated as a thrift account also and interest at rates applicable to SB account shall be paid for credit balance

Eligible Borrowers
Rural artisans, handloom weavers, service sectors,fishermen, self employed persons,etc who as the principal borrowers of the bank.

Maximum Loan
The maximum amount that can be availed under the scheme is Rs. 1,00,000/-.

Repayment Period
Loan period for SCC is five years subject to the satisfactory operation of the account and the revolving credit may be renewed on yearly basis.

Rate of Interest
Loan Amount    Up To    -    1,00,000    ::    11.4     %