SHG/JLG loans
Agri Allied Loan
Term loan for development of different agri allied a
ctivities i.e. Dairy, Fisheries, and sheep/goat rearing.
Features
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1. |
Loan Limit: is maximum Up to Rs. 50.00 Thousand. |
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2. |
Total Repayment Tenure : 2 Yrs |
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3. |
No Pre-payment Penalty. |
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4. |
Rate of Interest : 20 to 24% |
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5. |
Service Charges : are Applicable from time to time. |
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6. |
Margin : % |
Non-farm Sector Loan
To different kind of small businesses and road side vendors.
Features
|
1. |
Loan Limit: is maximum Up to Rs. 50.00 Thousand. |
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2. |
Total Repayment Tenure : 2 Yrs |
|
3. |
No Pre-payment Penalty. |
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4. |
Rate of Interest : 24 % |
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5. |
Service Charges : are Applicable from time to time. |
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6. |
Margin : % |
SHG Loan
Self Help Groups (SHGs) are small groups of poor people. The members of an SHG face similar problems. They help each other, to solve their problems. SHGs promote small savings among their members. The savings are kept with the bank. This is the common fund in the name of the SHG. The SHG gives small loans to its members from its common fund.
SHG is an informal group and registration under any Societies Act, State cooperative Act or a partnership firm is not mandatory vide Circular RPCD.No. Plan BC.13/PL -09.22/90- 91 dated July 24th, 1991.
Features
|
1. |
Loan Limit: is maximum Up to Rs. 5.00 lakh . |
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2. |
Total Repayment Tenure : 2 Yrs |
|
3. |
No Pre-payment Penalty. |
|
4. |
Rate of Interest : 21 % |
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5. |
Service Charges : are Applicable from time to time. |
|
6. |
Margin : % |
Documents required
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1. |
Duly filled form with : |
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|
2 |
i. Income Proof of Applicant(s) & Guarantor(s) |
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3 |
ii. Residential Proof of Applicant(s) & Guarantor(s) |
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4 |
iii. PAN Card of Applicant(s) & Guarantor(s) |
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5 |
iv. KYC of Applicant(s) & Guarantor(s) |
