Balageria Central Cooperative Bank is providing loans of one lakh rupees to one lakh customers. This loan is easily available with minimal paperwork. This is a big opportunity for retail traders in the coastal area. This special initiative has been taken on the occasion of the bank’s 100th anniversary.
The main goal is to strengthen the financial position of retail traders. Currently, lack of capital is a big problem in running a business. This loan scheme is to eliminate that problem. This is a golden opportunity for retail traders in the coastal area.
The bank has also provided details on how to apply. This loan is being provided from multiple branches of Balageria Central Cooperative Bank. Applications can be made at all these branches – Kanthi, Sandhya Kanthi, Nachinda, Satmail, Balighai, Balageria, Egra Sandhya, Paniparul, Digha, Deulihat, Ramnagar and Malda. Customers can contact any of the nearby branches. It is also reported that assistance is being provided for this loan project separately in the branches.
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However, there are some conditions to get this loan. This facility is mainly for retail traders in the market area. Only those who have been doing small shops, groceries, tea shops or other retail businesses for a long time can apply. Not much paperwork is required. Identity card, address proof and some documents related to the business will be sufficient. The bank authorities have said that the loan will be sanctioned in a simple process.
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In this context, Balageriya Central Cooperative Bank Chairman Suprakash Giri said that this initiative is to stand by the common people on the occasion of the bank’s 100th anniversary. The retail traders of the coastal district of Purba Medinipur have been kept in mind. They will be able to take their business further by taking loans at low interest rates. It is also expected that this will increase employment. The bank believes that this loan scheme will play an important role in the economic development of the coastal area.