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Purpose of loan |
Lending to SHGs revolving Cash Credit/Term Loan. |
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Eligibility |
Ideal size of SHGs is 10-20 members and only one member from a family. SHG is properly maintaining their accounts. |
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Nature of facility |
Cash Credit/ Term Loan. |
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Quantum of Loan |
Quantum of limit minimum limit Rs. 6.00 Lakh (fixing of overall limit for 5 years) with maximum of Rs 20.00 lakh per group. |
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Margin |
Upto Rs. 10.00 Lakh: NIL Above Rs. 10.00 Lakh to Rs. 20.00 Lakh : 10% |
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Interest Rate |
Up to Rs 3.00 Lakh |
7% MCLR + 1.25% MCLR + 1% |