Rules & Regulations*
Maximum Loan Amount
Fresh Loan: Based on Savings * 4 times orRs. 2.00 Lakhs (whichever is less)
Repeat Loan: Based on Savings * 4 times orRs. 5.00 Lakhs (whichever is less)
Maximum Loan Period: 12 months (1 Year)
Rate of Interest (EMI): As per RCS Bangalore order.
Types: SHG Men
SHG Women
Purpose of SHG Loan: To improve their standard of living and their daily needs. And to avoid the clutches of moneylenders.
Security: No Security
Eligibility: 1) Minimum 10 members or Maximum 20 members.
2) Group must have declared that they are individually and jointly liable
to the bank loan.
3) Regular meeting & savings.
4) Every member of the group must have a savings account in the bank.
Documents required for loan sanctioning:
