'Canara Guide' to finance Tax Return Preparers

Bangalore, Jun 20: Public Sector Canara Bank today announced launch of a new retail loan scheme called 'Canara Guide' to finance Tax Return Preparers (TRPs) selected by Union Ministry of Finance.

TRP was a novel scheme introduced by the Union Government recently to provide self-employment opportunities to unemployed or partially employed graduates all over the country, according to a release by the Bank here.

Under the scheme upto Rs 60,000 would be sanctioned at a interest rate of one per cent less than the BPLR of the Bank which is at present 12.25 per cent. The loan was returnable within 60 months.

The applicants has to pay 15 per cent margin monty. Six months holiday was allowed for repayment the release added.

UNI