Purpose | Medical /Education/Small Business Improvement |
Eligible persons | > A SHG should consists of 10 -20 members (No need for registration)
> Members should be in the age of 18-70 years, as approved by Tamil Nadu Women Development Corporation (TNWDC ) > SB Account in the name of SHG with transactions for a minimum period of 6 months > SHG should become as Associate Member |
Quantum | > Minimum Loan Amount : Rs.5,000/-
> Maximum Loan Amount : Rs.1,50,000/- |
Rate of Interest | > Upto Rs.3.00 lakh - 7% p.a.
> Above Rs.3.00 lakh to Rs.12.00 lakh - 11% p.a. |
Repayment period | Upto 36 months |