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SELF HELP GROUP (SHG) – SHAKTI

SELF HELP GROUP (SHG) – SHAKTI

Target Group All Existing Self Help Groups having satisfactory repayment history
Purpose To provide credit support to SHGs engaged in activities allied to agriculture like Pisciculture, Beekeeping, Poultry, Livestock, Rearing, Grading, Sorting, Aggregation Agro Industries, Dairy, Fishery, Agri Clinics and Agri Business Centres, Food & Agro Processing, etc (excluding crop loans, land improving such as canals, irrigation, wells) and other income generating activities under income generating activities in Manufacturing, Services, Trade Sector under MSME.
Nature of Facility Term Loan/Cash Credit
Amount of Loan Above Rs.10.00 lakh up to Rs.20.00 Lakh.
Security o    Primary: Assets created out of the loan.

o    Collateral:Nil

Loan will be covered under CGFMU scheme. No Collateral Security / Third party guarantee to be obtained

Repayment Terms For Term Loans: Maximum 60 months depending upon the activity

For Cash Credit Limits: Cash Credit Limits may be sanctioned with a yearly drawing power (DP).

Service Charges  Please refer home page for Service charges
Interest Rates As per Bank Guidelines revised from time to time. Presently, MCLR(1 Yr) + Spread (2.75%)

( Last modified on Jun 25, 2021 at 10:06:35 AM )

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