The Cooperative Bank, Kapurthala
|Beneficiery||Any men/ women Beneficieries member of the PACS.|
|Age||Not more than 55 yrs on the date of advancement|
|Purpose||For installing Solar Panels|
85% of project cost.
Max 15 Lakh for institutions,
Max 5 Lakh for individuals,
Max 3 Lakh if financing
|Rate of interest||12% half yearly|
150% collateral if Loan>1 Lakh.
NO collateral if salaried individual and member of MPCASS.
Collateral waived upto loan of 5 lakh if applicant/co-applicant is employee of central/state/PSU/cooperative sector and take loan directly from bank.
|area of operation||Loan shall be advanced in the area operation in the kapurthala district.|