MRB TINY CREDIT CARD

Purpose

This scheme aims at providing adequate and timely assistance to the businessman/ artisans to meet their credit requirements both for investments as well as for working capital in a flexible manner and at reasonable rate of interest.

The facility will be extended by way of a revolving cash credit and the limit will be fixed based on the assessment made

Eligibility
  1. Preference to be given to artisans registered with the Development Commissioner (Handicrafts).
  2. Existing borrowers with limits up to Rs. 50,000.00 and satisfactory track record are also eligible.

Age

Minimum 21 years ; Maximum: 65 years

Quantum of Loan

Maximum of Rs 1.00 lacs

Margin

  1. Upto Rs. 30,000/- NIL
  2. Over Rs. 30,000/- and up to Rs. 1 lacs 20%.

Interest Rate 

As per Bank's guidelines.

Useful Links

RBI NABARD IBA BCSBI NPCI Rupay