SHG GRIHALAKSHMI (Housing loan to SHG Members)

Eligibility

• Members of SHGs in active existence/good track record for a minimum period of 1 year and above which are preferably carrying out economic activity either individually or jointly so as to have repaying capacity.
• All members of the identified SHG in the age group between 18-60 years.
• Applicant should possess title deed/patta pass book/legally valid document/allotment letter issued by appropriate revenue authority and supported by other documents like tax paid receipt either in the name of the SHG member or in the name of his/her family members conveying clear title.
• Loan should be recommended by the SHG/NGO, though loan will be in the names of individuals.

All kind of improvements/ repairs/ maintenance/ value addition/ extension of existing house/ shed such as

1. Replacing thatched roof with RCC/Tiled roof
2. Construction of toilets/bathrooms/compound wall
3. Installation of Rainwater harvesting devices

Loan for purchase of plot/site should be part of the Housing loan. (Transfer of property among blood relatives/family members not permissible)