ObjectiveThe objective of
the scheme is to provide hassle free credit to Bank’s customers based on the
assessment of cash flow without insistence on security, purpose or end use
of credit. This is in nature of cash credit with no end use stipulations.
EligibilityBank’s individual customers with
sources of adequate income in rural & semi urban areas
Purpose of Limit
The applicant would be eligible for availment of credit facilities provided
under GCC, as per the requirement, without any insistence on security and
the purpose or end use of the credit
Extent of Limit:
The limits may be fixed on
assessment of income and cash flow of the entire household. However, the
total credit facility under GCC to an individual should not exceed
The credit facility under the scheme will be in the nature of revolving
credit through cash credit account. The beneficiaries under the scheme will
be issued credit card affixing a photograph of the holder.
The cards will be valid for
three years and will be renewed at least one month before expiry of the
current card on a simple hand written request from the card holder.
RepaymentThe card will be
repayable in 12 months with the stipulation that aggregate credits into the
account during 12 months period should at least be equal to maximum
outstanding in the account. No withdrawal in account should remain
outstanding for more than 12 months.