It is a need base funding scheme started by the state government to help the individual or society.
Particulars:
Liquid security in the shape of fixed deposits to be deposited with the bank to the extent of 50% of the amount of guarantee together with interest if any and 40% in case of Coop. Society /Institutions. For the rest of the 50% or 60% as the case may be the borrower has to provide collateral security up to the extent of 1.5 times of the amount (of 50% or 60%) However, exceptional cases the president Bank may consider relaxing the norms with regard to liquid security subject to post ratification by the BOD/EC of the Bank.
Beneficiaries:
Community
Eligibility criteria:
Individuals, firms/ society Govt./Semi Govt. department.
Contact
G.M. (Banking)
The Himachal Pradesh State Cooperative Bank Ltd.
Head Office
The Mall, Shimla- 171001.
0177- 2804492 202
gmb@hpscb.com
