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Sbbj Parivahan Scheme |
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Q.1 What is the
purpose of SBBJ PARIVAHAN Scheme under C&I segment?
A. . To finance new trucks / tankers / trailers / tippers / luxury buses including take over of existing similar loans from other banks / institutions, subject to applicability of Bank's take-over norms. |
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Q.2 Who can avail
this facility and what are pre-conditions?
A. -
i. Profit making Corporate/Non-corporate owners of fleet of trucks/ tankers/trailers/tippers/luxury buses (surface transport operators) owning more than 10 well-maintained vehicles (including the proposed), holding valid route permits and willing to exclusively bank with us.
ii. The chief promoter/executive and the unit should be income-tax assesses.
iii. The registered/administrative office of the unit should be situated in metro/urban/semi-urban centres.
iv. Applicant must have valid route permit/national permit/state permit as the case may be. Operators of oil tankers should have valid agreements with IOC/BPCL/HPCL or ONGC/RPL etc. Those who are in the truck business should be either major sub-contractors for reputed transport companies of India or contractors directly dealing with two or more reputed corporates of India.
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Q.3 What is the
limit of Finance?
A. Corporates- Minimum Rs. 10 lacs, Maximum Rs. 10 crores.
Non-Corporates- Minimum Rs. 10 lacs, Maximum Rs. 10 crores.
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Q.4 What is the rate
of interest?
A- Term Loan: 2.25% below BPLR i.e. 10.50% p.a. with monthly rests,Cash Credit: 1.00% over BPLR i.e. 13.75% p.a. with monthly rests.
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