16. Swarojgar Credit Card Scheme

Purpose: For composite loan to small artisans/micro entrepreneurs.

Eligibility: Small artisans/handloom weavers/small entrepreneurs etc.

Amount of Loan: Composite loan Max.Rs.25000/-

Security: Hypothecation of assets created out of Bank finance.

Margin: Nil

Repayment: Payable in Equal Monthly Installments within 5 Years

17. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

Eligibility : All new or existing Micro and Small Enterprises (Manufacturing Sector and Service Sector) to which credit facility has been provided by the Bank without any collateral security and/or third party guarantees.

Loan Amount: The maximum loan granted under the Scheme will be Rs. 100 lakh per MSE unit for fund based and non fund based facilities.The additional credit facilities sanctioned upto Rs. 100 lakh per borrower, subsequently without any collateral security and/or third party guarantees to such MSE unit for fund based and non fund based facilities.

Guarantee Fee and Annual Service Fee :

The guarantee cover is available on payment of "one time guarantee fee" @1.50% of the credit facilities sanctioned and the"annual service fee" @0.75% of the credit facility extended by the MLIs.(Guarantee Fee is 0.75% for the loans to borrower in North Eastern Region including Sikkim)For loans upto Rs. 5.00 lakh sanctioned by the MLIs, guarantee fee is 1.00% and annual service fee is 0.50%.

Annual Service Fee of 0.25% is recovered from the following borrowers and the balance i.e. in excess of 0.25% out of 0.50% or 0.75% as applicable to the borrowers shall be borne by the Bank in respect of guarantee cover:
(a) All loans upto Rs. 2.00 lakh,
(b) All eligible women Enterpreneurs,
(c) All eligible borrowers located in the North Eastern Region( including Sikkim)
For loans upto Rs. 5.00 lakh sanctioned by the Bank, guarantee fee @ 1.00% and annual service fee @ 0.50%. shall be borne by the Bank.

18. Model Scheme For Financing Coconut Farming

Purpose: Credit facilities can be provided for establishment of new Coconut plantation/rejuvenation of existing Coconut plantation/ planting coconut on field bunds and on fish tank bunds/ reclamation of water logged kayal lands and marshy lands near sea-shore and establishing coconut gardens there/ maintenance of existing Coconut Gardens/ to carry out improved package of practices and to prevent coconut plantation from disease and pest.

Eligibility: Individual farmers {including Self Help Groups (SHGs) or Joint LiabilityGroups (JLGs), i.e. groups of individual farmers}, corporates, partnership firms and institutions.

Term Loan: As in Direct Agriculture

Crop Loan / Working Capital: As per Oriental Green Card

(As per RBI interest subvention scheme, interest charged on short term production loan with a principal amount upto Rs.3.00 lac is 7% p.a)

Source: https://www.obcindia.co.in