Women Self Help Group
Brief
- UGB has actively participated in SHG-Bank Credit Linkage programme since its inception in 1992 as a pilot project of NABARD. Since then, the Bank has made a steady progress in financing SHGs.
- Meet entire credit requirements of the SHG like income generation activities, social needs like housing, education, marriage and debt swapping.
Features
- Market Share in S|HG Credit Linkage is 17.46% (as of Dec 2017).
- As on 31.12.2017, Bank's lending to SHGs is Rs 4,586 crore to 3.85 lac SHGs, of which 91% are women SHGs.
- Attractive Interest rate strating with --.--%*
- NO margin requirement
- LOW processing charges
Eligibility
- No of members : 10 - 20
- should have successfully undertaken credit operations from its own sources, preferably through a bank account for last 6 months
- SHGs must follow Panchsutras: Regular- Meeting/Saving/Interlending/Repayment & Up to Date Recordkeeping
Facilities
- Easy Repayment : 36 to 84 months
- Choice of Loan : Cash credit and Term loan
- Quantum of Loan : 4 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
