Loan size
Rs.10,000.00 - RS.30,000.00 in
1st CycleRs.10,000.00 - Rs.40,000.00 in
2nd CycleRs.10,000.00 - Rs.50,000.00 in
3rd CycleRs.10,000.00 - Rs.60,000.00 in
4th CycleRs.10,000.00 – Rs.70,000.00 in
5th CycleRs.10,000.00 – Rs.Rs.1,00,000.00 in
6th cycle and onwardsTenure of loan
12 Months,18 Months and 24 Months as per RBI norms
Repayment Frequency
Weekly/fortnightly/monthly as per choice of the borrower
MODALITY
Loan to individual with Joint Liability Group of 4- 10 women members
PURPOSE
For income generating activities (both start-up and financing of existing projects)
INTEREST ON LOAN
21.70% p.a (on reducing balance method)
LOAN PROCESSING FEE
ON EACH LOAN
1% of the disbursed amount and GST is collected @ 18 % on loan processing fees.
INSURANCE
Actual cost of Insurance Premium i.e. @ 6.00 per thousand including Service Tax on loan amount disbursed to clients (in case of death of client during the currency of loan, insurance company pays the insured amount) is collected from client.
