Income
Genration
Loan

services1

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