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Scheme for finance to brick kiln owners

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Punjab and Sind Bank

Scheme for finance to brick kiln owners

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Bank Punjab and Sind Bank
Scheme Scheme for finance to brick kiln owners
Description Term Loan and Working Capital for Existing / prospective Owners of Brick Kilns
Eligibility Individuals/ Proprietorship /partnership firms/ corporate
Rate of Interest & Repayment As applicable to MSE units
Collateral
  • Collateral – Personal guarantees of proprietors/partners/promoters, Additional tangible security such as immovable property, bank deposits, etc.
  • No collateral / third party guarantee required if covered under CGTMSE. However, collateral upto 100% and third party guarantee required if not covered under CGTMSE.
Composite /loan Limit Depending upon project cost subject to max. Rs 50 lac
Margin
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