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Cash credit scheme

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(Querist)
08 October 2017 what is cash credit? what are the documents to be needed to open a line of credit in a bank?
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Amol S Joglekar

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Amol S Joglekar (Expert)
08 October 2017 working capital is financed by the banks. Around 75% of net working capital can be the sanctioned limit of cash credit.
Contact the nearest bank with a statement of your working capital and the bank will guide you

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