Scheme launched in: 1972
Objective: Credit support to Poorest of the poor and to bring them above Poverty Line
Eligibility: Individuals whose annual family income do not exceed Rs 18000 in Rural areas & Rs 24000 in semi-urban areas. Individual whose land holding does not exceed 1 Acre of irrigated and 2.5 Acres of un-irrigated land
Maximum Quantum of loan: Rs 15000 as composite loan for productive purpose. Rs 20000 for housing purpose .
Security: No collateral
Rate of Interest: 4.00% per annum (Simple Interest)
Repayment: Maximum 5 years including grace period of 1-2 years depending on the type of activity and income generation.
Yearly Target: Amount: 1% of Previous Year’s Gross Credit
No of Accounts: 10 DRI Accounts per Branch