​​​​​​Micro Credit​​​​​

Micro Credit Finance Scheme (Small Loan)

 

  • Financial assistance will be provided to the scheduled tribe women members of the self help groups for taking up small business activities.
  • Each ST women member will be given Rs.15000/- through their SHG. This assistance includes subsidy of Rs.10000/- and loan of Rs.5000/-. Loan carries interest at 4% p.a. Loan and interest is repayable in 3 years in monthly/quarterly instalments.



III. Micro credit  Finance (MCF) Scheme

  1. ​​Each of the self-help group selected to be from selection committee, chaired by the Member of Legislative Assembly should be registered and should have bank Saving Bank account in Nationalized / scheduled /Rural(Gramina)  Banks .
  2. The Sanctoned amount to  self-help groups(SHGS)  has to be transfred to the Concerned SHGS through Crossed Cheques or NEFT Tranfer.
  3. The self-help groups(SHGS) are charged  annually  4% interest rate on the loan amount. SHGS can Charge  Annual 5% to the members of that SHG. Difference rate of 1% can be used in SHGS as service fee for development of SHG.
  4. The SHGS has to repay the Loan amount  along with interest in 36 equal instalments.


Refer Corporation Act and Rules for further Scheme ​details.​













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