Micro Finance
-
Loan Limit
2,00,000
(per group) -
Self Contribution
5% -
Loan From
NMDFC - 90%
MAMFDC - 5% -
Interest @
7% p.a.+ 2 = 9 %
M : 10 + 2 = 12 %
F : 8 + 2 = 10 % -
Repayment Period
Next 5 Years -
Income Limit
Credit Line 1 : Urban – less than 120,000 Rural – less than 98000 Credit Line 2 : Upto 8 lakhs
Eligibility
- SHG though establish or adjourn with Mahila Arthik Vikas Mahamandal and they have completely repaid first and second loan taken from bank, only those SHG is eligible for taken third loan of Rs.2.00 lakhs from this Mahamadal.
- At least 70% members of SHG should be from the minority community bonus veren siteler.
- All members of SHG should be domiciled of State of Maharashtra.
- President and Secretary of SHG should be literate.
- Age : All members of SHG should be above 18 yrs.
- Minimum 10 members and Maximum 20 members in each SHG.
- Urban Area - upto Rs. 1,20,000/-
- Rural Area - upto Rs. 98,000/-
Required Documents of Applicant members of SHG
- Coloured Passport Size Photo of all members.
- Group Photo of all Self Help Group Members
- Photo ID Proof of all members-Election Card / Pan card / Passport / Adhaar Card / Driving License(Any One).
- Residential proof of all members - Election Card/ Passport / Driving License / Domicile Certificate / Electricity Bill(Any One)
- Income Certificate issued by competent authority in respect of all members.
- Xerox Copy of Bank Passbook of Self Help Group, minutes of meetings of SHG held in last 6 months, other documents as per scheme.
- Details of loan availed from any other financial institution or any financial help from Government schemes.
- Details of accounts in respect of SHG for last three years ( Receipts & Payments)
- List of members of SHG (Age, cast, and business.