Are you a small artisan, handloom weaver, fisherman, or self-employed individual seeking financial support to grow your micro-enterprise? Look no further than Uttar Bihar Gramin Bank‘s Swarojgar Credit Card (S.C.C) Scheme, designed to provide credit and empower micro-entrepreneurs. Here’s what you need to know:
Table of Contents
Loan Purpose/Objective
The Swarojgar Credit Card (S.C.C) Scheme aims to provide essential credit to small artisans, handloom weavers, fishermen, self-employed individuals, rickshaw owners, and other micro-entrepreneurs to support and expand their businesses.
Eligibility
- To qualify for this program, you should meet the following criteria:
- You should be a small artisan, handloom weaver, fisherman, self-employed individual, rickshaw owner, or a micro-entrepreneur.
- You should not have a history of defaulting on loans from any bank or financial institution.
Types of Loan
The scheme offers various types of loans, including joint (composite) loans, term loans, and revolving fund loans.
Loan Limit
Each borrower can access a maximum loan amount of Rs. 50,000.
Interest Rate
The interest rate is set at 11.50% (subject to change) and is applied on a monthly basis.
Validity
The Swarojgar Credit Card is valid for 5 years.
Repayment
Repayment is mandatory within 12 months, ensuring that you can manage your finances effectively.
KYC
Completion of Know Your Customer (KYC) requirements is mandatory.
With Uttar Bihar Gramin Bank’s Swarojgar Credit Card (S.C.C) Scheme, you have access to crucial financial support to grow and sustain your micro-enterprise. Our casual and customer-friendly approach ensures that you can discuss your unique business needs with us, and we’ll help you take the necessary steps towards success.
Don’t let financial constraints hinder your entrepreneurial spirit. Reach out to Uttar Bihar Gramin Bank today and unlock the potential of your micro-enterprise with the Swarojgar Credit Card (S.C.C) Scheme.