20th November, 2018

Akshaya Mahila Arthik Sahay Yojana

Overview

This scheme offered by Bank of Baroda aims to provide financial assistance to women.
Assistance is provided to women engaged in the following:

  • Retail Trade.
  •  Village or Cottage/Small Scale Industries.
  •  Allied agricultural activities.

Documents Required

To avail a term loan:

  • DP note
  • Letter of hypothecation of the machinery/ mortgage of land, factory or building
  • For generating working capital:
  • DP Note with letter of hypothecation of stocks/book debts,
  • a letter of continuing security

Benefits

  • The interest rate is fixed on the credit rating system at reasonable terms.
  • The application procedure is simple.
  • Loan can be availed from any/nearest Bank of Baroda branch.
  • Complaints/ grievances can be reported directly to the Central office or to the regional zone offices.

Links

http://www.bankofbaroda.com/bbs/akshayayojna.asp