Financing To Self-Help Groups (SHGs) : Micro-Credit

Purpose

Loan granted by the Bank to the SHGs for income generation activities, social needs like housing, education, marriage, etc. and debt swapping etc.

Target Group

Business Facilitators, NGOs, Farmers Clubs, Farmers Associations, Panchayat Raj Institutions (PRIs), Krishi Vikas Kendras (KVKs), State Agriculture Universities (SAUs), Agriculture Technology Management Agency (ATMA), Bank Branches, PACs, other co-operatives, Govt. Deptt., Individuals, Input Dealers and Document Writers (in co-operative Banks), MFIs/MFOs etc.

Age

Minimum 21 years ; Maximum: 65 years

Loan Amount

No minimum or maximum limit of loan amount. However actual loan amount shall be determined after proper assess of individual credit needs. Suitable rating tools may be used for the purpose.

Margin

JLGs in Farm Sector:
Loan up to Rs. 100,000 /-  :  NIL
Loan above Rs. 100,000 /- : Minimum 15%

JLGs in Non-Farm Sector:
Loan up to Rs. 25,000/-  : NIL
Loan above Rs. 25,000/- : Minimum 15%

Interest Rate 

As per Bank's guidelines  

Useful Links

RBI NABARD IBA BCSBI NPCI Rupay