Retail traders dealing in essential commodities (fair price shops) and consumer co-operative stores, and Private retail traders with credit limits not exceeding Rs.5 lac..
Whether both Term finance and working capital finance are sanctioned by Bank ?
Yes, advances can be granted by way of Cash Credit for working capital and by way of Demand / Term Loan for fixed assets, equipments etc.
Whether collateral security is required ?
No collateral/third party guarantee for loans upto Rs.1 lac.
What is the criteria for Retail trader ?
