Self Help Group

A SHG is a community-based group with 10 members. It acts as the mutually agreed contribution to the common fund and is used to provide loans to the members.
Aspects
  • Easy Loan Processing.
  • The motto of every group member should be “saving first – credit later”
  • Loan limit is Rs.50,000.00 to 5,00,000.00 
  • Maximum loan tenure is 2year.
  • Pre-Payment Penalty : 3% Penalty charges.
ROI & Handling Charges
  • Rate of Interest is 16%.
  • Handling Charges : Half Yearly & Yearly.
Eligibility
  • Small businesspersons
  • Age : 18 to 55 years.
  • Each group should have only one member from one single family.
Documentation & Security
  • Duly filled form with :
    • Income Proof of Applicant 
    • Aadhar card of Applicant.
    • PAN Card of Applicant 
  • Two Acceptable Guarantors.
Share Holdings
  • Share amount @ 5% of loan amount.