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IND MSME SAKHI

IND MSME SAKHI

Micro, Small & Medium Enterprises are popularly known as the growth engines of Indian Economy due to its significant contribution towards GDP, Manufacturing output, Export and creation employment to large section of society.

Women entrepreneurs accounts for nearly 20 % of total MSMEs. Most of women entrepreneurs have setup their small business with the help of microcredit availed under SHG model.

In order to expand their business and graduate them to Entrepreneurs, additional funding is essential. GOI/RBI has given thrust on extending credit facility to individual members of SHGs depending on requirement.

To encourage women entrepreneur, a new product is being launched with key features as under:

 

Key features of the Scheme:

Parameters Norms
Target Group ·         Members of Self Help Group with satisfactory repayment track record of 2 years.

·         Availed two rounds of finance from SHG; first loan fully repaid; second loan may be running.

Interest Rate Repo+ Spread (3.60%)
Processing Charges Nil
Margin 10%
Repayment Terms 60 Months (Door to Door tenor)
Loan amount ranging Rs 0.10 Lakh to Rs 4.00 Lakh

 

 

Scheme Guidelines“IND MSME SAKHI”

 

Particulars Guidelines
1.   Target Group Individual Members of SHGs
2.   Eligibility v  Members of Self Help Group with satisfactory repayment track record of 2 years.

v  Availed two rounds of finance from SHG; first loan fully repaid; second loan may be running.

3.    Borrower’ Age ·         Minimum: 18 Years

·         Maximum : 65 Years at Loan Maturity.

4.   Purpose For setting up of Manufacturing/ Trading / Service units.
5.   Types of Facility Term loan.
6.   Loan Amount Minimum: Above Rs 0.10 Lakhs

Maximum : Rs 4.00 Lakhs

7.   Margin (Promoter’s contribution) 10%
8.   Type of Assessment As per extant guidelines.
9.   Security ·         Hypothecation of Assets Created out of the loan.

·         Account to be covered under CGTMSE scheme

10.  Repayment terms Maximum : 60 Months (Including Moratorium if any )
11.  Rate of Interest Repo*+ Spread (3.60%)
12.  Processing & other charges Nil processing Charges

 

( Last modified on Mar 10, 2023 at 06:03:30 PM )

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