Features with terms
- Loan Scale: Rs. 5,000 – 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
- Insurance Fee: 2.40 Rupees / Thousand / Insured Life + GST 18% of the Insurance Fee
- Methodology: JLG of 5 to 30 members
- Late Payment Fee: No charges
Purpose
Provides financial assistance to women to support
- Income-generating activities in their household.
- Genuine consumption needs such as education, household improvement, etc.