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Non-Farm Sector Loan

Non-Farm Sector Loan

Sanctioning loans to the individual artisans, draftsman, small entrepreneurs, partnership firms, for development of land and site, construction of work shed, plant and machineries, equipments and tools, etc., on the surety of the two Government servants to a maximum amount of 50,000/- and one Government Surety for 30,000/-.


The customer shall remit 100/- to obtain NFS Loan application from the Bank.
The customer should remit entrance fee of 5/- and enroll as “C” Class.
Member should obtain shares of 100/- @ 10/- per share, if the loan amount applied for below 1.00 lakh. If the loan amount exceeds 1.00 lakh, 25 shares should be obtained @ 10/- per share i.e. 250/-
Recently taken Passport size photographs – 2 Nos.
If the loan applied for below 30,000/- the applicant should furnish a Govt. Surety. If the loan amount exceeds 30,000/- the applicant should furnish two Govt. Sureties. The Government Sureties should be in a regular basis, who have completed 2 years of regular service
The Technical Certificate should be obtained for the purpose for which the applicant applied for loan.
If the applicants propose to revive or establish newly the business of Hotels, Restaurants, etc., they should furnish necessary License issued by the Food Cell Corporation and for running Petty shops, vegetable shops, groceries License issued by the concerned Municipalities.
Copy of Family Ration Card 1 No. with self-attestation (both for applicant & Sureties).
Copy of Aadhaar Card 1 No. with self-attestation. (both for applicant & Sureties).
Copy of Electroral Identity 1 No. with self-attestation. (both for applicant & Sureties).
Rate of Interest @ 14% per annum, which may be revised as per the Bank’s Loan Policy.