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 Centers, 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:

• Primary: Assets created out of the loan.
• 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:

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