1. BMB Micro Credit Card
Features
- All non-farm entrepreneurial credit extended to individuals, which is eligible for classification under the priority sector guidelines
- Loan amount up to Rs. 50000/-
- No Processing Charges
- No Margin and/or collateral for loans up to Rs. 25,000/-
Opening Requirements
- Opening of SB A/c should be a precondition for issue of MCC.
- KYC verification of the borrower is a must.
Benefits
- Cash Credit/Term Loan or combination of both
- 100 bps concession for female borrowers
For further details
click here
2. BMB Krishi Card
Features
- Combination of Term Loan and Cash Credit available
- Loan amount based on activity of the borrower
- All farmers, Individuals/ Join borrowers, Tenat farmers, Oral Lessees & Sharecroppers are eligible to Open.
For further details click here
3. BMP Joint Liability Group Scheme
Features
- Available to Marginal Farmers, Small Farmers, Tenant farmers, Oral Lessees, Share croppers, Petty traders, Fish Farmers, members of producer organization, members involved in any entrepreneurial activity in Non-Farm Sector
- Loans to group of 4-10 individuals
- Savings by the JLG members is voluntary and not mandatory
- Cash credit, Short Term loan or Term Loan depending upon the purpose and tenor of loan
Benefits
- No Collateral and margin
- Loan eligibility is Rs. 50,000 per individual with a maximum of Rs. 5, 00,000.00 per Joint Liability Group
For further details click here
4. BMB Self Help Group Loans
Features
- Bank shall meet the entire credit requirements of the SHG a) Income generation b) social needs like housing, education, marriage etc. c) debt swapping
- The group should have been in active existence for at least a period of six months. The group may be informal or formal (registered)
- The group should have successfully undertaken savings and credit operations from its own resources
Benefits
- Loan sanctioned varying on savings to loan ratio of 1:1 to 1:4
- No Processing fee and Margin.
- No collateral security required.
For further details click here
Source: http://www.bmb.co.in/ |
