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What Action will be taken if Some one can't pay the loan taken in the scheme of PMRY ?
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What is the Total Amount Of Loan will be given to a Person having it's carrier as Undergraduate ?
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Home Loans
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Asked by SPANDAN JETHI -
1 year ago
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Best Answer:
Undar PMRY loan scheme an individual will get Rs.1.00 lakh for business sector. Rs. 2.00 lakhs for other activities. If two or more eligible persons join together in a partnership, the project with higher costs would also be covered provided share of each person in the project cost is Rs.1 lakhs or less. Eligibility to get loan is Matric (Passed or Failed) or ITI passed or having undergone Govt. sponsored technical course for a minimum duration of 6 months.
In case of default of loan repayment The bank along with DIC has been provided powers to recover the outstanding loan along with interest due by seeking the assistance of revenue department and police department.
1 year ago - By Shruti
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