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Our Bureau

Thiruvananthapuram , March 7

State Bank of Travancore (SBT) has introduced a working capital loan scheme for private bus and truck operators.

The loan is available up to a maximum of Rs 2 lakh per bus/truck for the existing customers of the bank having a route permit from the Road Transport Authority. The vehicle should not be more than 10 years old.

The loan amount covers day-to-day working capital requirements and contingency expenses.

The loan will be available for a period of 12 months with a provision to renew it thereafter. As of now, the annual rate of interest will be 10 per cent.

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