|Purpose / Objective||To meet the educational expenses of the children of SHG members.|
|Eligibility||SHGs with a good track record / repayment, which is in existence for more than 2 years.
|Amount of Loan||In Multiples of accumulated savings subject to maximum of six times at any time of the year depending upon educational requirements of the wards of SHG members.|
|Interest Rates||For Short Term Loan (STL) :
|Amount Slab(Rs. in Lakhs)
||BPLR less 1.00%
|Repayment||Repayment is over a period of 12 – 24 months.|
|* BPLR and BASE RATE - Available in Home Page|| |