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Crop Sowing

Credit Services

Brief Description

This loan product is exclusively designed for the poor women in underserved areas who engaged in self-employment and small income generating activities but do not have enough own capital to run the activities.

Target Clients

1.The women who are engaged in income generating activities.

2. In rural areas, the women who are engaged as small farmer, allied agriculture activities, food processing, petty trading etc. 

 

3.In semi and urban areas, the women who are engaged in more diverse activities like shopkeepers, service providers, street vendors, artisans etc.

Criteria of a Client

1. Exclusively women 

     

2.Between 18-58 years old       

           

3.Should have a income generating activities.

4.Annual Household income should not be more than ₹3,00,000/- .        

5.Maximum monthly obligation should be 50% of monthly household income including the EMI of the loan.

Lending Methodology

Lending Model

Individual (through Group)

Tenure

12 months

Mode of Repayment

Fortnightly

Purpose

Farm                                                 

1. Agriculture – Paddy, Wheat, Jute, Vegetable cultivation.           

2. Agriculture Allied – Dairy, Poultry, Fishery, Duckery, Piggery, goatery etc.

   

Non-Farm                                        

1. Small business – Grocery, Stationery, Readymade Garments, Tea stall, Food stall, Electronic & Electrical, Mobile shop etc.       

2. Small Transport – Van, Rickshaw etc.        3.Service – Laundry, Saloon, Cobbler, bookbinding repairing shop etc.

Lending Criteria

Loan Celling

Minimum-₹ 5,000/

Maximum-₹ 60,000/

Subsequent increase amount

Maximum ₹ 20,000/- from previous loan amount (depends on evaluation marks)

Rate of Interest

27% ( Effective from 01.07.2023)

Upfront Charges

Processing Fees

1.5% on loan amount

Insurance Charges

0.8 % on loan amount (Borrower+ CO Borrower)

GST

18% on processing fees

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