Features with terms
- Loan Scale: Rs. 10,000 – Rs.80, 000
- Loan Tenure- 1 - 2 Years
- Repayment Mode: Monthly
- Interest rate: 27 % per annum (diminishing)
- Processing fee: 1% of loan amount plus 18% GST
- Methodology: JLG of 5 to 6 members
- Insurance Fee: 2.40 Rupees / Thousand / Insured Life + GST 18% of the Insurance Fee
- Late Payment Fee: No charges
Purpose
Provides financial assistance to self-employed men & women to support their business enterprises, such as:
- Increase in working capital
- Purchase of fixed assets
- Expansion & Improvement in business