National Toll Free No1800 425 00 000
 
National Toll Free No1800 425 00 000

Gramin Mahila Sowbhagya Scheme

Gramin Mahila Sowbhagya Scheme

Purpose / Objective

  • To finance the rural women in purchase of consumer goods like mixie, gas, stove, TV, 50CC and less two wheelers etc.

Eligibility

  •  Married rural, semi urban and urban women engaged in agriculture or activities allied to agriculture.
  • Aged between 18 to 55years.
  • Minimum family income should be RS.2500 p.a.

Amount of Loan

  • Minimum – Rs.5000/-
  • Maximum – Rs.15000/- (depending upon the land holding).

Margin

  • 5% of the project cost.

Interest Rates

  • Please refer the Lending Rates link on home page in our Bank`s Website.

Repayment

  • 12 Quarterly installments without holiday period.

Security

  • Hypothecation Of the asset purchased out of the loan amount.
  • Guarantee of the spouse / family member of the women who owns the land.