Cash Credit

Purpose
To enable the borrowers to meet all their financial requirements.

Eligible Borrowers
All borrowers who have availed loan from the PCARDBs and prompt in repayment are eligible to avail the cash credit facility.
A member of the PCARDB who have no loan at present but have a good track record of repayment.

Maximum Limit
The maximum amount that can be availed under the scheme is Rs. 5,00,000/- with atleast 2-3 transactions. Withdrawal in lump is not allowed. 75% of the eligible limit is only allowed in each time and there should be one deposit transaction between two widrawals.

Loan Period
Loan period will be one year.

Rate of Interest
Loan Amount    Up To    -    5,00,000    ::    11.90     %