|
Purpose |
To provide credit to the weavers to meet their credit requirement – working capital or term loan or both. |
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Eligibility |
All weavers and ancillary workers involved in weaving activities. |
|
Age |
Minimum 21 years ; Maximum: 65 years |
|
Maximum Limit |
Rs 2.00 lakh |
|
Margin |
|
|
Interest Rate |
As per Bank's guidelines. |
Agricultural Loans
Financing to Joint Liability Groups (JLGs)
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General Features of JLGs |
A Joint Liability Group (JLG) is an informal group comprising a 4-10 individuals coming together for the purpose of availing Bank Loan on individual basis or through Group mechanism against mutual guarantee. Generally, the members of a JLG would engage in a similar type of economic activity in the Agriculture and Allied sector. The members would offer a Joint Undertaking to the Bank that enables them to avail loans. JLG members are expected to provide to each other in carrying out occupational and social activities. |
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Size of the Group |
The group size should preferably be between 10 to 20 members. |
|
Age |
Minimum 21 years ; Maximum: 65 years |
|
Loan Amount |
No Minimum or Maximum limit |
|
Margin |
There is no margin requirement. The group corpus /savings are treated as Margin. |
|
Interest Rate |
As per Bank's guidelines |
Financing Of Tractors & Power Tiller
|
Target Group |
Any farmer, Agricultural labourers, Self-Help Groups (SHGs), Joint Liability Groups (JLGs). |
|
Age |
Minimum 21 years ; Maximum: 65 years |
|
Loan Amount |
No Minimum or Maximum limit of land amount. However, loan amount will depend on the actual cost of tractors / power tiller and implements as per the invoices/ quotations. |
|
Margin |
Minimum 15% |
|
Interest Rate |
As per Bank's guidelines |
Financing To Self-Help Groups (SHGs) : Micro-Credit
Purpose |
Loan granted by the Bank to the SHGs for income generation activities, social needs like housing, education, marriage, etc. and debt swapping etc. |
Target Group |
Business Facilitators, NGOs, Farmers Clubs, Farmers Associations, Panchayat Raj Institutions (PRIs), Krishi Vikas Kendras (KVKs), State Agriculture Universities (SAUs), Agriculture Technology Management Agency (ATMA), Bank Branches, PACs, other co-operatives, Govt. Deptt., Individuals, Input Dealers and Document Writers (in co-operative Banks), MFIs/MFOs etc. |
Age |
Minimum 21 years ; Maximum: 65 years |
Loan Amount |
No minimum or maximum limit of loan amount. However actual loan amount shall be determined after proper assess of individual credit needs. Suitable rating tools may be used for the purpose. |
Margin |
JLGs in Farm Sector: JLGs in Non-Farm Sector: |
Interest Rate |
As per Bank's guidelines |
