National Rural Livelihood Mission
Purpose
- Flagship programme of the Govt. of India for poverty reduction
- Community based development of the poor
- Financial inclusion and strengthening of their livelihood
Features
- Low margin requirement
- NO processing charges
- Attractive Interest rate strating with --.--%*
- Implementation in Mission Mode
- Participatory Identification of Poor (PIP): not based on BPL list
- Development of community based institutions
- Training; Capacity Building & Skill Development
- Community Investment Fund (CIF) in addition to Revolving Fund
- Interest Subvention in place of Capital Subsidy
- Hand holding support through Federations
Eligibility
- Mutual Affinity based WSHG with min 05 members active for 06 months since formation
- Mixed gender SHGs permissible in case of Physically Challenged/transgender
- SHGs must follow Panchsutras: Regular- Meeting/Saving/Interlending/Repayment & Up to Date Recordkeeping
- Old & Inactive SHGs eligible provided they have been active for last 03 months
Facilities
- Easy Repayment : 6 to 72 months
- Choice of Loan : Cash credit and Term loan
- Quantum of Loan : 4 - 8 times * corpus of Group
Rates & Others
- Click HERE for more details about interest rates& service charges.
- For more quries please contact to your nearest branch.
