THE PIMPALGAON MERCHANTS CO-OP BANK LTD

Annasaheb Patil Arthik Vikas Mahamandal

Annasaheb Patil Arthik Vikas Mahamandal

Under this scheme, the Mahamandal covers the interest portion of a loan that must be approved only for business purpose up to ₹15 lakh. The Corporation reimburses a maximum of ₹4.5 lakh, or up to 12% for max up to 7 years of the interest component, whichever is lower, directly to the candidate’s Aadhaar-linked bank account.
After receiving the Eligibility Certificate (LOI), the beneficiary should submit the project report of the business/industry he/she intends to undertake (along with all necessary documents) to bank with the LOI.
Claim must be submitted on the Mahamandal's web system only after the full EMI installment has been paid to the bank within the stipulated period. The benefit of interest refund can be given to the concerned person only if the submitted claim is accurate.

Documents Required:

1. Aadhaar Card

2. Proof of Residence

3. Proof of Income

4. Caste Certificate

5. Project Report

6. Land Records (7/12 Extract, 8A Extract)

7. If a Vehicle is involved: Relevant Transport Permit, Driving License, Business Agreement/Contract