To provide hassle free credit to the poorest
amongst the poor through group approach from the banking system in a flexible,
hassle free and cost effective manner, for productive as well as consumption
Nature of Facility
Composite Loan including term loan/ revolving
cash credit, for inter lending to group members (subject to successful grading
of the group).
The group becomes eligible for bank credit
linkage after 6 – 8 months of regular savings by the group.
Quantum of loan
Maximum upto 4 times the total Savings of the
Rate of interest
Loans upto Rs.2.00 lacs to SHGs
loans above Rs.2.00 lacs to SHGs – 11.50%
Indirect Loans to NGO/ MCOs/