|
Eligibility |
Any
individual who has been issued a
“Tax Return Preparer’
Certificate and a ‘Unique
identification number ‘ by the
partner Orgnization after
imparting training and
conducting post trraining exam
with the purpose to carry on the
profession & preparing the
returns of income as authorized
by I.T. Deptt. |
|
Coverage |
Unemployed or
partially Unemployed individuals
who holds a Graduation degree
from a recognized Indian
University in the fiel d of
Business Administration or
Management or Commerce or
Economics or Law of mathematics
or Statistics. |
|
Purpose |
For purchase
of laptop computer, heavy duty
printer and other peripherals,
appropriate software broad band
internt connection, furniture,
mobile, telephone and tax
books/technical literature etc. |
|
Nature of facility |
Composit Term
Loan |
|
Loan
Amount |
Maximum Rs.
1.00 lac. |
|
Margin |
Upto
Rs.25,000/- Nil
Above Rs. 25000/- 15 to 25% |
|
Processing
fee |
Upto
Rs.25,000/- Nil
Above Rs. 25000/- Rs.300 |
|
Security |
Primary –Hyp.
Of assets created out of Bank
finance
Collateral – UptoRs. 25000/- Nil
Above Rs. 25000/- to be
determined by sanctioning
authorities on merits of each
case.
|
|
Insurance |
Comprehensive
insurance of all assets charged
to the Bank |
|
Interest |
Upto
Rs.50,000/- 2.00%Below BPLR
Above Rs. 50,000/- 1.00 below
BPLR |
|
Insurance |
As per
applicable in MSE Sector loans |
|
TAT |
Under the
scheme, formalities like
valuation, NEC cum lawyer’s
opinion, physical inspection of
collateral security. Are
generally not involved. Hence,
after receipt of completed
application form and documents
as per checklist the loan has to
be santioned within two weeks
time. |
|
Circular No.
ADV/SIB/10 dated 16.07.2007 |
