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    Corporation Bank Weavers Credit Card is Rated as "Excellent!" by 12 Users

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    Credit Card BYTES FROM OUR KITCHEN

    Corporation Weavers Credit Card Overview:

    As a part of its MSME Banking and aim to assist the agricultural sector, Corporation Bank extends various banking products and services, one among which is the Corporation Weavers Credit Card. The Corporation Weavers Credit Card scheme offers term loan as well as loans to meet the working capital requirements of all individuals involved in weaving and allied activities.

    Features and Benefits of Corporation Weavers Credit Card:

    Loan Quantum:

    The maximum loan amount offered to an eligible applicant under this credit card scheme is Rs. 2 lakhs.

    Loan Margin:

    The applicable loan margin is 20%.

    Repayment Option:

    The repayment tenure for cash credit is 3 years from the date of issue. This is subject to annual reviews and renewals by the Bank. The repayment tenure for the term loan available under this scheme is not more than 3 years.

    Security:

    The hypothecation of all the assets that have been procured with the help of this credit/ loan scheme is required as security against the term loan and cash credit allowances.

    CGTMSE Guarantee:

    The Corporation Weavers Credit Card is eligible to get coverage through the Credit Guarantee scheme offered by CGTMSE.

    Eligibility Criteria for Corporation Weavers Credit Card:

    All individuals involved in weaving and allied activities are eligible for Corporation Weavers Credit Card.

    Other Agricultural Banking Products offered by Corporation Bank:

    • Corp Kisan Vehicle Loan Yojana [CKVLY]
    • Corp Kisan Farm Mechanization Scheme
    • Corp Kisan Credit Card Scheme
    • Corp Kisan Loan Scheme
    • Scheme for Reimbursement of Development Expenditure
    • Scheme for Financing Farmers
    • Agriculture Loan
    • Various Interest Subvention Schemes for Educational Loan Beneficiaries
    • Scheme for Financing Farmers for Purchase of Agricultural Land
    • CGBY
    • Scheme for Financing Cold Storage Unit
    • Scheme for Financing Agriclinics and Agribusiness Centers
    • Corp Agricultural Produce Loan (CAPL)
    • Agricultural Debt Waiver & Debt Relief Scheme
    • Interest subvention scheme for Short Term crop loans

    Corporation Weavers Credit Card FAQs:

    1. Does this scheme come with insurance coverage?

      This scheme does provide an insurance coverage for all the assets that have been procured using the finance provided through the Corporation Weavers Credit Card.

    2. What is the validity period of the cash credit offered under the Corporation Weavers Credit Card scheme?

      The validity period of the cash credit offered under the Corporation Weavers Credit Card scheme, is 3 years.

    3. What is the validity period of the term loan offered under the Corporation Weavers Credit Card scheme?

      The validity period of the term loan offered under the Corporation Weavers Credit Card scheme, is 3 years.

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