Considering the present growth of SHG/JLGs and demand for micro credit in the State, the Bank has adopted the model of financing to NBFC-MFIs/Societies for onlending to SHG/JLGs.
Security-NBFC-MFI/NGO/ Society having no past track record with our Bank will be eligible for maximum loan amount of Rs 50.00 Lacs for 1st dose, Rs 100.00 Lacs for 2nd dose, Rs 1.50 Crore for 3rd dose and Rs 2.00 Crores for 4th dose with security coverage of at least 15%-20% , either in liquid or collateral form. The applicants having satisfactory past track record for consecutive atleast four (4) nos. Of loan A/cs, the loan amount to be financed may be reduced by cash collateral to the extent of 10%-15% in shape of term deposit of borrowed amount without insisting security coverage.
Interest-The rate of interest will be applicable as per H.O Circular issued from time to time.
Repayment-The entire loan with interest will have to be repaid in 36 EMIs.
Apart from above stated loans, the Bank also gives Medium Term loans for Dairy, Poultry , Fishery and other agri allied activities.