For Individual Applicant
Eligible Criteria: STs with annual family income up to Double the Poverty Line
- Rural area: DPL income up to Rs 98000/family
- Urban area: DPL income up to Rs 120000/family
Purpose: For productive purposes only
Type of Loan: Term loan only
Margin:
- For loan upto Rs 1.00 lakh: NIL
- Above Rs 1.00 & upto Rs 5 lakh: Min. 10%
Category of loan:
- Type I : Up to Rs 5 lakh
- Type II : Above Rs 5 lakh & up to Rs 10 lakh
Max. Repayment period: 5 Years
Rate of Interest:
- For loan up to Rs 5 lakh : 6.00% p.a.
- Above Rs 5 lakh & upto Rs 10 lakh: 8% p.a.
Requirement: ST Certificates and Family income certificate (affidavit/self-declaration)
Micro Credit to SHGs (Group & Members)
Eligible Criteria
- Existing PROFIT making SHGs
- All members of SHG should belong to ST communities
- Each member of SHG should be below DPL income
Purpose: Any productive/income generating activity
Margin:
- For loan up to Rs 1.00 lakh : NIL
- Above Rs 1 lakh & up to Rs 5 lakh : Min. 10%
Type of Loan: Term loan only
- Maximum loan per SHG: Rs 5.00 lakh
- Maximum loan per SHG member: Rs 35000/-
Repayment Period: Up to 5 years depending in activity and cash flow of the unit
Rate of Interest: 6.00% p.a.
Requirement: ST Certificate and Family Income Certificate (by Affidavit or Self-declaration)
