SMALL ROAD TRANSPORT OPERATORS (SRTO)

Purpose

To assist transport operators, existing as well as new entrants, and to create employment opportunities for the borrowers..

Eligibility

An individual/ firm / company or an association desirous of owning new transport vehicle(s), for carrying passengers or goods on hire. Udyam Registration Certificate is mandatory.

Nature of Facility

  • TL

Max Finance

Upto Rs. 2 crore

Margin

15% and above (based on rating)

Interest Rate

Floating 7.80%  and above

Loan Term

60 months