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MAHILA SAMRIDHI YOJANA

MAHILA SAMRIDDHI YOJANA
(Micro Finance Scheme for women)

Objectives

To provide Micro Finance to women Self Help Groups (SHGs) belonging to the target group.

Salient Features of the Scheme

1. Maximum loan limit per beneficiary : Rs.50, 000/-
2. Maximum number of women in one SHG : 20

Implementation

The scheme is to be implemented through SCAs 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 (i.e. annual family income of the beneficiary should be less than Rs.1,20,000/- p.a. in urban areas and Rs.98, 000/- p.a. in rural areas.

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 : 2017-08-30 06:55:01