|
Purpose |
To provide a hassle-free overdraft facility for working capital expenses of agriculturists to be incurred for allied activities, repairs and replacements of farm machinery, working capital requirements or/and for non-farm sector activities and consumption needs, subject to ceiling for each type of expense.
The account can also be operated by ATM card (if facility is available in the branch) or cheque leaves. |
| Eligibility |
Agriculturists having satisfactory repayment record for the past 1 year.
The Scheme is operational only in select branches of the Bank. |
21. General Credit Card Scheme (GCCS)
Objective |
-
General Credit Card Scheme has been introduced as an important measure in the area of Financial Inclusion.
-
To provide hassle free credit to Rural and Semi-urban households without insistence on security, purpose or end use of the credit.
|
| Purpose |
- Loan can be sanctioned for any general purpose including that of consumption.
|
| Eligibility Norms |
|
| Loan Quantum |
|
| Margin |
- No margin shall be insisted
|
| Tenability |
Limit extended is of overdraft nature tenable for three years |
| Security |
No security is insisted. No co-obligation / third party guarantee |
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Source: http://www.canarabank.com |
