Loan and Benefits of Producer Company

The members of the Producer Company area unit primary producers, and thus, area unit in want of economic help from time to time. Hence, a special provision is formed by the Act sixty one of Producer Company of giving loans to its members. the corporate will offer money help to its members through:

The credit facility, to any member, in reference to the business of the corporate, for a amount not extraordinary six months.

Loans and advances, against security mentioned in articles to any Member, owed at intervals a amount extraordinary 3 months however not extraordinary seven years from the date of disbursement if such loans or advances.

Author: Kumar

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