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SHG Bank Linkage Programme – Direct Linkage to SHGs

SHG Bank Linkage Programme – Direct Linkage to SHGs

Purpose / Objective

  • To provide thrift, credit and other financial services to the poor in all areas enabling them to raise their income levels and standard of living.

Eligibility

  • Self Help Groups(SHGs)

Amount of Loan

1st linkage  6 times of the existing corpus or minimum of  Rs 1,00,000/-, whichever is higher.
2nd linkage  8 times of the corpus at the time review / enhancement or minimum of Rs 2.00 lakh, whichever   is higher.
3rd linkage  Minimum of Rs. 3.00 lakh, based on the Micro credit plan prepared by the SHGs and appraised   by the Federations/Support agency and the previous credit history.
4th linkage  Minimum of Rs. 5.00 lakh, based on the Micro credit plan prepared by the SHGs and appraised   by the Federations / Support agency and the previous credit history subject to a maximum of   Rs   35.00 lakh

Interest Rates

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

Repayment

  • Maximum 72  months depending upon the activity.

Security

  • Hypothecation of assets wherever created.
* MCLR RATE – Available in Home Page

( Last modified on Apr 03, 2020 at 04:04:35 PM )