Income
Genration
Loan
Income Generation Loan is one of the primary loan products offered to underprivileged women in rural and semi-rural areas, who cannot access formal loans but need finance to improve their standard of living. Women with similar strengths as well as weaknesses are encouraged to form Self Help Groups (SHGs) or Joint Liability Groups (JLGs). These groups are then undertaken through a process of capacity building and are assisted till they reach a stage of maturity and stability. We provide loan based on their need and paying capacity of the clients with suitable repayment provisions along with door step collection facility.
| Loan type | Cycle | Tenure | Amount | Rate of interest | LPF | Insurance charges | |
| Income generation loan | 1st | 12 months | 10000, 15000 & 20000 | 24.50% reducing | 1.0%+GST (18%) | 0.94% -12 month | |
| 2nd | 12 -18 months | 20000, 25000 & 30000 | 24.50% reducing | 1.0%+GST (18%) | 0.94% -12 month, 1.4% – 18 month | ||
| 3rd and on wards | 24 months | 30000 , 35000 & 40000 | 24.50% reducing | 1.0%+GST (18%) | 1.85% for 24 month | ||
| Top up loans | 6 month Onwards | 12 months | 5000 , 10000 & 15000 | 24.50% reducing | 1.0%+GST (18%) | 0.94% -12 month |