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MAHILA SAMRIDHI YOJANA

MAHILA SAMRIDDHI YOJANA
(Micro Finance Scheme for women)

Objectives

To provide Micro Finance to women entrepreneurs belonging to the target group.

Salient Features of the Scheme

1. Maximum loan limit per beneficiary : Rs.60, 000/-
2. Maximum number of women in one SHG : 20

Implementation

The scheme is to be implemented by Channel Partners in rural and urban areas by way of financing the women beneficiaries either directly or through Self-Help-Groups (SHGs).

Eligibility of the Beneficiary

Women belonging to the Backward Classes as notified by Central / State Govt. from time to time and living below double the poverty line. The annual family income of the women is fixed as Rs.3.00 Lakh. The SCAs/Banks are requested to release atleast 50% of total funding to persons with annual family income upto Rs.1.50 Lakh.

Pattern of Finance

1. NBCFDC loan : 95%
2. SCA/Beneficiary contribution : 05%

Utilization Period

4 months from date of disbursement

Rate of Interest

1. From NBCFDC to SCA : 1% p.a.
2. SCA to Beneficiary : 4% p.a.

Repayment

Loan is to be repaid in quarterly instalments within 48 months (including the moratorium period of six months on the recovery of principal).

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Last Updated On : 2018-05-18 05:40:47