SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Vijaya Bank unveils two new products for farmers and MSME

06 Nov 2013 Evaluate

Vijaya Bank, the Karnataka-based bank has reportedly unveiled two new products – for farmers and MSME.  The bank has launched new Home Loan scheme to cater the housing needs of agriculturists. As per this new loan scheme, the bank will provide the loan to farmers who have no income-tax returns to show as a proof of income and the loan can be repaid in quarterly/half-yearly or yearly installments coinciding with the harvesting season.

Meanwhile, the bank has also launched new loan scheme for Micro, Small and Medium Enterprises (MSME). In this new scheme, the bank has come out with features like no collaterals, no third-party guarantee, and coverage of all loans under Credit Guarantee Scheme. The maximum loan amount of Rs 1 crore - either term loan or working capital, and no margin is required up to loan amount of Rs 10,000. Only 15% margin for loans up to Rs 10 lakh, and 20 per cent margin for loans above Rs 10 lakh. The rate of inters for this scheme is base rate plus 0.80% for loans up to Rs 10 lakh and 11.50% for loans above Rs 10 lakh.

Vijaya Bank, the Karnataka-based bank offers various products and services specific to various segments such as it has saving accounts for children, scheme for women clientele, credit facilities to minority communities like Zoroastrians, Buddhists are among others.

Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×