In view of the stiff competition in the banking sector, our Bank commenced individual loaning under 'Samriddhi Yojana' in 2004.
Under this scheme, loans are given to teachers and the other salary earners whose salary accounts are with us, for various prupose like, purchase of consumer goods, for own marraige, marraige of a progeny, higher education of a son/daughter or a foreign/domestic tour etc. The rate of interest charged is 10.5% per annum.
