Cent Naari Shakti

Purpose

The scheme is aimed to provide the finance to women SHG members to evolve as an entrepreneur.

Eligibility

*Individual women SHG members (under DAY NRLM) of matured well performing SHGs (Standard)

A SHG member (under DAY NRLM) in Rural areas who has completed a minimum two years in a SHG (Standard) and should run a viable economic enterprise.

Beneficiaries shall be identified & sourced by NRLM/SRLM

Nature of facility

Term Loan 

Margin

For Agri and /or Allied Activities;

In respect of Manufacturing/Trading/ Service activities, the margin/security norms shall be as per the Mudra Scheme.

Quantum of Loan

Minimum Rs 1.00 Lakh

Maximum Rs 5.00 Lakh

Security

Primary : Hypothecation of assets created out of Bank finance.

Collateral : NIL (To be covered under CGTMSE guarantee.

Interest Rate

For Agriculture
For Other Schemes

MCLR (12M) + 2.00%
RBLR + 1.45%

Repayment

Maximum Repayment Period of 60 months including Moratorium