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1. National Rural Livelihood Mission(NRLM)
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Will promote affinity based
Women SHGs consisting of 10-20 persons.
In difficult/ remote tribal areas/groups with disabled persons - minimum of 5 persons.
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Revolving Fund: Rs.20,000/- to Rs.30,000/- per SHG.
Quantum of Credit:Rs.6.00 Lakh to Rs.20 lakh per SHG.
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Upto 10 Lakh-NIL
above Rs.10 lakh and up to Rs.20 lakh - Maximum 10% of the loan amount exceeding Rs.10 lakh
Subsidy - No Subsidy.
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Repayment – 1 to 7 years.
Effective rate of interest for a maximum of Rs.3 lakh per SHG will be 7% p.a.
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2. Deendayal AntyodayaYojana-National Urban Livelihoods Mission (DAY-NULM)
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For Individual Enterprise:An Urban poor individual beneficiary desirous of setting up an individual micro-enterprise for self-employment.
For Group Enterprise:A Self Help Group (SHG) or members of SHG constituted under DAY-NULM or a group of urban poor for Self-Employment. The group enterprise should have minimum of 5 members with a minimum of 70% of the members from Urban poor families.
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For Individual Enterprise-up to Rs. 2 Lakh.
For Group Enterprise-up to Rs. 10 Lakh
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Margin
No margin money for loan up to Rs. 50,000/- and for higher amount of loans, preferably 5% will be taken as margin money and it will not be more than 10% of project cost in any case.
Subsidy
Subsidy is in the form of Interest Subsidy which will be difference between 7% Per Annum and rate of interest charged by bank. An additional 3% interest subvention will be provided to all Women SHG who repay their loan in time.
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Repayment schedule would range between 5 to 7 years after initial moratorium of 6-18 months as per norms of banks.
Rate of interest will be as prescribed by the bank from time to time.
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3. Self Help Groups (SHGs)
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Self Help Groups consisting of 10-20 members.
Members of the Group should preferably have homogeneous background and interest.
The group should have successfully undertaken savings and credit operation from its own resources
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SHGs may be sanctioned savings linked loans (varying from a saving to loan ratio of 1:1 to 1:4). However, in case of matured SHGs, loans may be given beyond the limit of four times the savings as per the discretion of the sanctioning authority
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Margin- as per the activity concerned.
Subsidy- No subsidy
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Repayment- as per the activity concerned.
The rate of interest will be as prescribed by the Bank from time to time.
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4. NATIONAL ACTION FOR MECHANISED SANITATION ECOSYSTEM (NAMASTE) {FORMERLY SELF EMPLOYMENT SCHEME FOR REHABILITATION OF MANUAL SCAVENGERS (SRMS)}
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All identified manual scavengers and their dependents who are willing and are above 18 years of age are eligible.
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Loans to individuals: Rs.15 lakhs. Loans to Self Help Groups/groups: Rs.50 lakh.
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Credit linked upfront capital subsidy will be provided to the beneficiaries in a scaled manner, as follows:
Range of Project Cost (Rs.)
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For individuals |
Rate of Subsidy |
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Upto Rs.5,00,000 |
50% of project cost |
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Rs.5,00,000 to Rs.15,00,000 |
Rs.2.5 lakh + 25% of remaining project cost (maximum capital subsidy Rs.5.00 lakh) |
For Group Projects: For Group projects costing upto Rs.50.00 lakh with each beneficiary project share maximum upto Rs.10.00 lakh. Same as above with maximum per member capital subsidy of Rs.3.75 lakh and maximum group project subsidy of Rs.18.75 lakh.
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Repayment The period of repayment of loan, including moratorium period will be five years for projects upto Rs.5,00,000 and 7 years for projects above Rs.5,00,000.
The rate of interest chargeable from the beneficiaries will be as follows:
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Project Cost |
Applicable RoI |
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Upto Rs.1,00,000 |
5% per annum (4% per annum for women beneficiaries) |
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Above Rs.1,00,000 |
6% per annum |
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