Overview about Janakalyan Sahakari Bank Udyogini Loans
Established in 1974, the Janakalyan Sahakari Bank aims to provide highest standards of customised service, personalised services, and high-quality products in addition to social commitment. The Janakalyan Sahakari Bank has been on the growth trajectory for the past 40 years and is currently one of the leading co-operative banks in the state of Maharashtra in terms of its business mix. The Janakalyan Sahakari Bank received the scheduled bank status in the year 1998. The Janakalyan Sahakari Bank currently has around 55,000 shareholders and 3,60,000 depositors and counting.
Purpose of Janakalyan Sahakari Bank Udyogini Loans
The Janakalyan Sahakari Bank Udyogini Loan scheme is specifically designed for women entrepreneurs. By availing of the Udyogini loan scheme, women can aim for the expansion for their business and set up any new venture.
Eligibility for availing Janakalyan Sahakari Bank Udyogini Loans
The Janakalyan Sahakari Bank can be availed by the following:
Women entrepreneurs who have been running any business venture for a minimum period of one year
Women entrepreneurs with the required experience and qualification
Features and benefits of Janakalyan Sahakari Bank Udyogini Loans
The features and benefits of Janakalyan Sahakari Bank Udyogini Loans are as follows:
Loan Amount: Eligible women entrepreneurs can receive a loan up to Rs.10 lakh
Security: Women entrepreneurs do not have to provide any security for up to Rs.2 lakhs. An entrepreneurs should, however, provide some tangible security with a minimum value of 120% of her loan amount for loans above Rs.2 lakh. Two guarantors, preferable salaried persons should also be provided.
Repayment period: Term loans
offered by the Janakalyan Sahakari Bank under the Udyogini loan scheme has a maximum repayment period of up to 7 years. The required finance for working capital will be reviewed on an annual basis.
Rate of Interest: Customers/eligible women entrepreneurs should contact representatives of the Janakalyan Sahakari Bank at their nearest branch for details about rate of interest for the Udyogini loan scheme
Documents required for Janakalyan Sahakari Bank Udyogini Loans
The following documents should be submitted by women entrepreneurs who wish to avail of the Janakalyan Sahakari Bank Udyogini Loans.