![]() ![]() Recommending/ sanctioning authorities to satisfy themselves about the income earned by the Non-Resident and take necessary safeguards for extending finance and regular repayment of such loans (For further details, refer annexure (2) to this document) ![]() Non-Resident Indians working with reputed companies in countries falling in following risk categories as per classification provided by ECGC shall also be eligible for financing under the scheme.Branch Heads shall have no powers to sanction cases where occupation of one or more borrowers/ co-borrowers is of contractual nature.Mortgage of underlying property shall be mandatory in case of loans to contractual employees.The remaining period of contract is equal or more than proposed tenor of loan (not mandatory for contractual employees working with current employer for more than 03 years uninterruptedly).Contractual employees of State /UT/ Central Government, Government / Semi-Government Undertakings, Autonomous Bodies and Govt Institutions shall also be eligible, subject to below noted conditions:.Pensioners State /UT/ Central Government, Government / Semi-Government Undertakings, Autonomous Bodies and Govt Institutions.Persons engaged in agricultural and allied activities.Professionals, Self Employed Individuals / Businessmen with a minimum 2 years standing in the current profession/ Business. ![]() Employees of Pvt/Public Ltd Companies with a minimum of 3 years of cumulative service and minimum 1 year service with current employer.Permanent Employees of State /UT/ Central Government, Government / Semi-Government Undertakings, Autonomous Bodies and Govt Institutions.Individuals having stable source of income, owning or proposing to own house property singly or jointly, belonging to any of the following categories: ![]()
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