SHG

Product DetailsSelf Help Group (SHG)
DescriptionSelf help groupsĀ [SHGs] are small voluntary association of women or men from the same socio-economic background who work together for economic development through mutual help
Eligibilitya. SHG should be in existence for at least 6 months
b. Group of 10-20 women or men
c. Credit rating of the group should be more than 70%
Purpose

Any Bankable purpose as decided by the group members.

Max. Loan AmountRs.10.00 lakhs
Rate of Interest

7% – For loans upto 3 lakhs (covered under Interest Subvention scheme of NRLM)
12.50% – Others.

Other ConditionsPlease visit nearest Branch