Scheme Overview:

• Loan Size – Rs. 10000/- to Rs. 50000/- (Max.)


• Period – Min. 6 Months and will be gradually increase to 1.5 years


• Repayment Method- Weekly/ Fortnightly/ Monthly/ 6 Monthly


• The most important point is Joint Liability Agreement.


• Target Members and Families (as per RBI Guidelines):
  • 
    A member can not join more than one SHG Group
  
  
  • Annual Income - In rural area - up to Rs. 60000/
  
  
  • In urban area - up to Rs. 120000/
  
  
  • Type of Loan: Only for generating livelihood
  
  
  • Total loan amount to a SHG group can’t exceed Rs. 60,000/- (including GMCF Loan Amount)
  
  
  • Age Limit of a Member- min. 18 years and max 60 years
  
  


• Amount to be charged from Members:
  
  
  
  • Processing Fees: 1.145% (inclusive of Service tax)
  
  
  • Insurance on loan: 1.5%
  
  
• Advance Collection in case of festival etc.