Features

• SHG should be in active existence at least since the last 6 months as per the books of account of SHGs.
• SHG should be practicing 'Panchasutras' i.e. Regular meetings; Regular savings; Regular inter-loaning; Timely repayment; and Up-to-date books of accounts.
• Qualified as per grading norms fixed by NABARD. As and when the federations of the SHGs come to existence, the grading exercise can be done by the Federations to support the Banks.
• The existing defunct SHGs are also eligible for credit if they are revived and continue to be active for a minimum period of 3 months.
• SHGs can avail either Term Loan (TL) or a Cash Credit Limit (CCL) loan or both based on the need.
• All women SHGs will be eligible for interest subvention on credit up to 3 lakhs at 7% per annum.

• Upto 3 Lakh: 7 % p.a.
• Above 3.00 Lakh upto 5 Lakh: 8.75 % p.a.
• Above 5.00 Lakh upto 10.00 Lakh 12.35 % p.a.
• Above 10.00 Lakh upto 20.00 Lakh: 12.75 p.a.

For Service Charges, Please Click here