Archives: Services
PMEGP / CMEGP
Basics of PMEGP/CMEGP Subsidy Scheme:
- Low interest rate loans for new businesses
- Creates employment opportunity by funding traditional and rural businesses.
- Funding upto Rs. 1 crore depending on the project.
- Own contribution in project cost is 5% to 10%
- Government Subsidy is from 15% to 35 %
- Bank at it’s sole discretion, may ask for collateral security.
Documents Required for PMEGP Application:
- PAN
- Adhar
- Phone Number
- Mail ID
- Passport Size Photo
- Project Report
- Caste Certificate
- Rural Area Certificate
- Special Category Certificate, if applicable
- Education & EDP Certificates
- Leaving certificate / Birth certificate / Domicile
- Undertaking Form
Disclaimer: Above contents are for general information purpose only, and we do not assure correctness of all the information. You are requested to contact our customer service executives for latest updates and information.
General Insurance
Apart from life, health and vehicle covers, you can take insurance coverage for other assets and purposes:
Other General Insurance:
- Factory Insurance
- Shop Insurance
- Travel Insurance
- Key-Man Insurance
- Agri-Insurance
- Other General Insurance Products.
Disclaimer: Above contents are for general information purpose only, and we do not assure correctness of all the information. You are requested to get in touch with our customer service executives for latest updates and information.
Motor Insurance
Health Insurance
Benefits of Health Insurance:
- Covers hospitalisation expenses.
- Covers pre-and post-hospitalisation expenses.
- Covers daycare procedures.
- Covers domiciliary treatments.
- Covers alternative treatment.
- Covers annual health check-ups.
- Offers add-on cover for critical illnesses.
- Offers cashless treatment.
- Reimbursement of ambulance charges.
| Types of Health Insurance Plans | Suitable For |
| Individual Health Insurance | Individual |
| Family Health Insurance | Entire Family- Self, Spouse, Children, and Parents |
| Critical Illness Insurance | Used for funding expensive treatments |
| Senior Citizen Health Insurance | Citizens of age 65 and above |
| Top Up Health Insurance | This insurance plan is beneficial when the sum insured of the existing policy gets exhausted. |
| Hospital Daily Cash | Daily hospital expenses |
| Personal Accident Insurance | It can be used in case of any loss or damage to the owner or driver. |
| Mediclaim | In-patient expenses |
| Group Health Insurance | For a group of employees |
| Disease-Specific (M-Care, Corona Kavach, etc.) | Suitable for those who are suffering from pandemic-manifested conditions or prone to one. |
| ULIPs | The dual benefit of insurance and investment |
Disclaimer: Above contents are for general information purpose only, and we do not assure correctness of all the information. You are requested to get in touch with our customer service executives for latest updates and information.
Life Insurance
Benefits of Life Insurance:
- If someone meets with their demise, their family and loved ones will have a financial safety.
- Apart from life cover, insurance products help for wealth creation.
- You can save taxes through insurance policies.
- Buy insurance at earliest to lower premiums.
- You can save for children’s education.
- Insurance is the best tool of retirement planning.
Types of Life Insurance Policies:
- Term Insurance: mainly for Life insurance
- Unit Linked Insurance Plans (ULIP): Insurance + Savings
- Endowment Plan: includes Money Back option.
- Saving Plans: Insurance + Savings
- Whole Life Insurance Plan: Covers life till 99 years of age.
- Retirement and Pension Plans: for building pension income.
Disclaimer: Above contents are for general information purpose only, and we do not assure correctness of all the information. You are requested to get in touch with our customer service executives for latest updates and information.
Mutual Fund SIP
You can open free demat account and start investing in Mutual Funds:
Benefits of Investing in Mutual Funds:
- Professional asset managers manage your funds.
- Your money is invested in multiple shares to avoid risks.
- There are multiple MFs to suit your investment goal.
- You can withdraw your investment at any time.
- There are tax deductible mutual funds.
- You can start investing with small amounts.
- Safe & Transperant investment option.
- Automated payments for SIP investment option.
- A drop of today can turn into ocean tomorrow.
Documents Required to open Free Demat Account:
- PAN
- Adhar
- Adhar linked phone number
- Mail ID
- Bank Proof (passbook first page or cancelled cheque photo)
- Specimen Signature on plain white paper
- Nominee PAN copy
The brokers may ask for additional documents and clarifications while opening demat account.
DeMat Account
Project Report
Bank Loans
Eligibility for Term Loan:
- Existing Business for minimum 3 years.
- ITR filing and other statutory compliances should be complete.
- Minimum Loan requirement above 50 Lakhs
- Bank acceptable collateral security is must. (Eg. sanctioned home/ flat, NA plot, industrial land, etc.)
Documents Required for Term Loan:
Banks and NBFCs need many documents depending on the proposal. Following are categories of the documents.
- Company and all directors/ partners/ owners KYC
- Company and all directors/ partners/ owners banking
- Company and all directors/ partners/ owners 3 year ITRs
- Collateral Property Documents
- Project Report & CMA Data
- Loan application, declarations, resolutions, undertakings, etc.
- Other documents & information required by the bank/ NBFC
Note: Accepting or rejecting loan application is at the sole discretion of the bank/ NBFC.
