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Home Co-op News Snippets

Chikhli Urban Co-op Bank’s “Corona Warriors Loan”

Parasnath by Parasnath
May 10, 2020
in Co-op News Snippets
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In a bid to help doctors fight against coronavirus, Maharashtra based Chikhli Urban Cooperative Bank launched “Corona Warriors Loan” scheme last week.

Under the scheme, the bank will provide loans to the doctors to buy the medical equipment including Ventilators, Ambulance, for making isolation ward and others at reasonable rate of interest.

Sharing the information with Indian Cooperative, the bank Chairman Satish Gupta said, “In the current situation we are standing with the doctors and providing loans to buy medical equipment at less rate of Interest”, he added.

He further said, “If any doctor wants to buy a medical equipment for which he/she wants only 50 percent loan then bank will give it at 4 percent interest, for 60 percent loan the ROI will be 5, for 70 percent loan the ROI will be 6 and for 80 percent loan the ROI would be 8 percent”.

The Bank Chairman further added that, so far we have received 150 applications and we are reviewing these applications and it will take 4-5 days to complete the process.

Besides, Gupta claimed our district Buldhana has a total population of over 20 lakh but there are only 12 ventilators in the district.

Tags: BreakingBuldhanaChikhlicooperativeCorona Warriors LoanloansmaharashtraSatish GuptaUCB
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