| Purpose |
- To provide micro credit for different purposes such as consumption, micro enterprise, animal husbandry, education, etc.
- To motivate thrift saving.
- Women empowerment.
|
| Eligibility |
- The Self Help Group should have been working properly for minimum six months before applying for the loan.
- Regular saving.
- Internal loaning of group's saving among the members.
- Proper record maintenance.
|
| Loan Amount |
- Through Central Co-Operative Bank Branch:
- 2 to 10 times of the group's saving.Maximum: 5.00 Lakh (Terms & Conditions apply)
- Through Gram Seva Sahkari samiti :
- 2 to 10 times of the group's saving.
|
| Interest Rate |
12.00 % (2.00 % OD interest if repayment is delayed.) |
| Loan Period |
Cash credit limit for 3 years |
| Re-Payment Mode |
Monthly |
| Documents |
ID proof, Group formation resolution, resolution passed regarding loan and photocopy of saving account passbook . |
