Central Bank of India announces Low Interest Loans for CA/CS/CMA Professionals for Office/Practice Development
Central Bank of India Launches Attractive Loan Scheme for ICAI/ICSI/ICMAI Members
Central Bank of India – Low interest loans for CA professionals – CA professionals – CA office development loans – taxscan
Central Bank of India – Low interest loans for CA professionals – CA professionals – CA office development loans – taxscan
In a bid to support the financial needs of Chartered Accountants ( CA ), Company Secretaries ( CS ), and Cost Accountants ( CMA ), the Central Bank of India ( CBI ) has rolled out a new and enticing loan scheme tailored specifically for these esteemed professionals. This scheme is designed to cater to their working capital and infrastructure requirements, empowering them to strengthen and expand their professional practices.
The announcement came through a formal letter addressed to the President of the Institute of Chartered Accountants of India ( ICAI ), wherein the bank highlighted the customer-friendly nature of the scheme. Referred to as the "Cent CA/CS/CMA Scheme," it boasts attractive interest rates, currently set at 9.35% on the Retail Base Lending Rate ( RBLR ) with CGTMSE cover, and a reduced rate of RBLR – 0.85% ( 8.50% ) with 100% collateral.
The primary objective behind this initiative is to extend support to finance professionals who, having undergone rigorous training and examinations, aspire to establish their own ventures. The scheme’s salient features include:
- Competitive interest rates, providing financial feasibility for business ventures.
- Flexibility in collateral requirements, easing the process for loan acquisition.
- Dedicated assistance and information available through the bank's website and regional/branch offices.
Interested individuals can find detailed information about the Cent CA/CS/CMA Scheme on the Central Bank of India’s official website, www.centralbankofindia.co.in. Additionally, they can reach out for inquiries or application assistance through specified email IDs:
1. cmmsme@centralbank.co.in
2. cm2msme@centralbank.co.in
3. agm2msme@centralbank.co.in
4. dgmmsme@centralbank.co.in
The bank earnestly urges the ICAI and its members to spread awareness about this beneficial scheme, ensuring maximum participation and utilization among the CA/CS/CMA community. It also extends an invitation to the regional and zonal offices to collaborate in promoting this initiative locally, fostering mutual support and growth.
For further details or inquiries, interested parties are encouraged to explore the bank's website or contact the provided email addresses for personalized assistance.
To Read the full text of the Order CLICK HERE
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