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Rule 12
Loan investment
(1) Werojgar should apply to banks, financial institutions and cooperatives through the District Coordination and Monitoring Committee to obtain loans necessary for the self-employment program based on their business plan. After receiving such an application, the respective banks, financial institutions and cooperatives can approve loans up to a maximum of two lakh rupees according to their procedures.
(2) After the loan is approved according to sub-rule (1), the related bank, financial institution and cooperative organization will hold mortgage as security for the loan until the self-employed business done by the concerned person is fully paid.
(3) The respective banks, financial institutions and cooperatives shall submit an application to the fund with the specified details for its inquiry every fortnight after the loan has been approved in accordance with sub-rule (1). Based on this, the fund will issue loans to related banks, financial institutions and cooperatives.
(2) After the loan is approved according to sub-rule (1), the related bank, financial institution and cooperative organization will hold mortgage as security for the loan until the self-employed business done by the concerned person is fully paid.
(3) The respective banks, financial institutions and cooperatives shall submit an application to the fund with the specified details for its inquiry every fortnight after the loan has been approved in accordance with sub-rule (1). Based on this, the fund will issue loans to related banks, financial institutions and cooperatives.