Multiple banks. Different interest rates. Call it a "conflict of interest".
Established in 1934 and the youngest bank to achieve the status of ‘scheduled bank’, the Punjab and Maharashtra Cooperative (PMC) Bank is a scheduled urban co-operative bank operating across Delhi, Goa, Madhya Pradesh, Karnataka, Gujarat and Maharashtra. Among the leading co-operative banks in India, the Punjab and Maharashtra Cooperative (PMC) bank has been lauded for its “work ethics oriented to depositors’ service”. PMC has introduced various innovative products such as Bal Bhavishya Yojana and Double Decker in addition to a special savings scheme for women.
The purpose of SME loans is to extend credit facilities to small and micro enterprises for the smooth functioning of the units, working capital requirements (fund and non-fund), acquisition of new equipment, term loans for building construction in addition to their expansion and upgradation of units.
SME loans can be availed by various eligible new and existing small and micro units/enterprises across the country, subject to terms and conditions. Customers should contact the representatives of Punjab and Maharashtra Cooperative (PMC) Bank for details regarding the loan
The following are the features of Punjab and Maharashtra Cooperative (PMC) Bank
The following documents* have to be submitted to avail of SME loans
* The aforementioned documents are indicative not exhaustive. Please contact PMC Bank officials for accurate details
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
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