To increase the flow of credit to individuals for entrepreneurial activity in the non-farm sector through the General Credit Card
3
Eligibility
All non-farm entrepreneurial credit extended to individuals which is eligible for classification under Priority Sector Guidelines
4
Purpose of Limit
To provide credit to individuals for entrepreneurial activity in the non-farm sector
5
Maximum Limit
₹10.00 lakh
6
Basis of Limit
Need-based, fixed on a case-to-case basis
7
Assessment of Limit
Based on the borrower’s credit needs and repayment capacity
8
Nature of Facility
Revolving credit through a Cash Credit Account
9
Working Capital
WC facility
10
Term Loan Component
WCTL, where the facility includes a term-loan component
11
WCTL Basis
WCTL is to be given on reducing DP basis
12
Area of Operation
All PNB branches across the country
13
Primary Security
Personal security of the borrower / asset created by bank finance
14
Collateral Security
Nil
15
Guarantee Coverage
Eligible activities to be covered under CGTMSE
16
Rate of Interest
As per Bank guidelines
17
Repayment Period
GCC limit repayable within 12 months
18
Annual Credit Requirement
Aggregate credits into the account during 12 months should at least equal the maximum outstanding in the account
19
Maximum Outstanding Period of Drawal
No drawal should remain outstanding for more than 12 months
The above details are based entirely on the one-page GCC scheme document.
1. Objective
Particular
Details
Main Objective
Increase the flow of credit to individuals
Target Activity
Entrepreneurial activity
Sector
Non-farm sector
Mode
Credit provided through the General Credit Card
The key focus is therefore individual entrepreneurs in the non-farm sector.
2. Eligibility
Eligibility Condition
Requirement
Borrower
Individual
Activity
Non-farm entrepreneurial activity
Priority Sector
Credit should be eligible for classification under Priority Sector Guidelines
Sector
Non-farm
The document does not list specific occupations or businesses. Therefore, specific activities should not be added beyond the stated requirement of non-farm entrepreneurial credit eligible under Priority Sector Guidelines.
3. Purpose of the Limit
Parameter
Details
Purpose
To provide credit to individuals
Activity
Entrepreneurial activity
Sector
Non-farm sector
4. Extent of Limit
Parameter
Details
Nature of Limit
Need-based
Maximum Limit
₹10.00 lakh
Sanction Basis
Case-to-case basis
Assessment Factors
Credit needs and repayment capacity of borrower
Therefore, ₹10 lakh is the maximum limit, not an automatic entitlement. The actual limit depends upon the borrower’s requirement and repayment capacity.
5. Nature of Facility
Facility
Details
Main Facility
Revolving credit
Account
Cash Credit Account
Working Capital
WC
Term Loan Component
WCTL where the facility includes a term-loan component
WCTL Repayment Basis
Reducing DP basis
The scheme is primarily structured as revolving credit through a cash credit account.
6. Area of Operation
Parameter
Details
Geographical Coverage
Across the country
Implementing Branches
All PNB branches
Unlike schemes restricted to a particular State/UT or region, the GCC Scheme is to be implemented by all branches across the country.
7. Security
Type of Security
Requirement
Primary Security
Personal security of borrower / asset created by bank finance
Collateral Security
Nil
CGTMSE
Eligible activities to be covered under CGTMSE
So, the scheme does not require collateral security, with eligible activities being covered under CGTMSE.
8. Rate of Interest
Particular
Rate
Rate of Interest
As per Bank guidelines
The uploaded document does not provide a specific percentage/spread for the GCC Scheme. Therefore, no particular interest rate should be assumed from this document.
9. Repayment Conditions
Condition
Requirement
Repayment Period
GCC limit repayable in 12 months
Aggregate Credits
During the 12-month period, aggregate credits should be at least equal to the maximum outstanding in the account
Outstanding Drawal
No drawal should remain outstanding for more than 12 months
These are important conditions governing the operation and repayment of the GCC limit.
