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Purpose
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The scheme is aimed to provide the finance to women SHG members to evolve as an entrepreneur. |
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Eligibility |
*Individual women SHG members (under DAY NRLM) of matured well performing SHGs (Standard) A SHG member (under DAY NRLM) in Rural areas who has completed a minimum two years in a SHG (Standard) and should run a viable economic enterprise. Beneficiaries shall be identified & sourced by NRLM/SRLM |
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Nature of facility |
Term Loan |
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Margin
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For Agri and /or Allied Activities;
In respect of Manufacturing/Trading/ Service activities, the margin/security norms shall be as per the Mudra Scheme. |
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Quantum of Loan |
Minimum Rs 1.00 Lakh Maximum Rs 5.00 Lakh |
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Security
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Primary : Hypothecation of assets created out of Bank finance. Collateral : NIL (To be covered under CGTMSE guarantee. |
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Interest Rate
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For Agriculture |
MCLR (12M) + 2.00% |
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Repayment
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Maximum Repayment Period of 60 months including Moratorium |
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