For which schemes commercial bank loans are being granted?
Commercial Bank Loans are granted for starting SSI units, Service Industry, Transportation, Trading, Business and Tourism Projects.
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Is there any loan ceiling for individuals?
Loan ceiling for individuals is 15 lakhs. However, for coal transportation there is no project cost ceiling.
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What is promoter’s contribution under the Scheme?
Promoter has to contribute 10-33% of the cost of project.
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From which banks this scheme is operative?
This Scheme is being operated by Punjab National Bank (PNB), Punjab & Sind Bank (P&SB), and Oriental Bank of Commerce (OBC).
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Can Ex-Servicemen approach for loans to any nationalize bank for Commercial Bank Loans?
Nationalized Banks introduce financing schemes for Ex-Servicemen from time to time. Ex-Servicemen can approach these banks directly or through ZSB/RSB for obtaining finance to start self-employment ventures.
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