Objective

To provide liquidity to meet any financial needs relating to Agricultural Investments or Consumption.

Eligibility

Customers in rural and semi-urban areas, members of Self Help Groups and Joint Liability Groups 

Purpose

For any genuine purpose

Amount

Maximum limit Rs.1 Lakh

Margin

Margin up to Rs. 50,000/ -- Nil

Above Rs.50, 000/- -- 10 to 15 %

Security

Nil

Repayment

The GCC is valid for Three Years subject to an annual review.

Holiday Period

NA

Rate of Interest

Varies from Time to time. Presently one year MCLR+1.40%

Remarks

• It is based on assessment of cash flow.
• It is a Cash Credit.
• No card issued & no Cheque book or Pass book issued & withdrawal by loose cheque.
• Women given preference

For other details, please contact your nearest IOB branch.