| SHG Bank Linkage Programme - Direct Linkage to SHGs |
| Purpose / Objective | To provide thrift, credit and other financial services to the poor in all areas enabling them to raise their income levels and standard of living. |
| Eligibility | Member of SHGs. |
| Amount of Loan | * Upto 4 times of the group savings including interest on savings.
* Loan to SHGs should be extended only in the form of Credit limit . |
| Interest Rates | For Short Term Loan (STL) :
| Amount Slab(Rs. in Lakhs) |
Interest Rate |
| Upto 2.00 |
BR+1.50%+TP=12.75% |
| >2.00 |
BR+2.50%+TP=13.75% |
For Term Loan (TL) :
| Amount Slab(in Lakhs) |
Interest Rate |
| Upto 2.00 |
BR+1.50%+TP=13.25% |
| >2.00 |
BR+2.50%+TP=14.25% |
|
| Repayment | Maximum 60 months depending upon the activity.
|
| Security | Hypothecation of assets wherever created. |
| * BPLR and BASE RATE - Available in Home Page | |
