| Purpose |
To meet the expenses of the certified TRP for
purchasing Laptop Computer, Heavy duty printer and other
peripherals, appropriate software, broadband internet connection,
furniture, mobile telephone and tax books / technical literature
etc., to discharge his / her duties.
|
| Nature of Facility |
Medium Term Loan |
| Eligibility |
Trained and certified Tax Return Preparers
[TRPs]-Training imparted by “Partner Organisation” NIIT
|
| Quantum of Loan |
Maximum Rs.1.00 lac |
| Margin |
25% |
| Repayment |
Maximum 60 months [including moratorium period of
6 months] |
| Security |
Primary – Hypothecation of assets acquired by bank
finance
Collateral – A suitable Third party guarantee and /
or charge over immovable properties. |
| Rate of Interest |
BPLR |
