Ø      Objectives :

à  To finance the rural women in purchase of consumer goods like mixie, gas stove, T.V., refrigerator, steel & wooden furniture 50CC and less motorized Two Wheelers etc.

Ø      Eligibility :

à  Married rural, semi-urban & urban women engaged in agriculture or activities allied to agriculture.

à  Aged between 18 -55 years.

à  Preference given to IBKC holders/SHG members.

à  Minimum family income should be Rs.2500 p.m. which should be to the satisfaction of BM.

Ø      Loan Amount :

à  Minimum -                          Rs.5000/-

à  Maximum -                          Rs.15000/-

Land holding                                 Loan amount

w  1 ac of irrigated land (or)                     Rs 5000/-
   3 ac of dry land

w  2 ac of irrigated land (or)                     Rs 10000/-
   6 ac of dry land

w  3 ac of irrigated land (or)                     Rs 15000/-
   9 ac of dry land

Ø      Margin :

à  5% of the project cost.

Ø      Interest charged :

à  14.00% p.a.(BPLR+TP+1%).

Ø      Repayment period :

à  16 Quarterly installments without holiday period.

Ø      Security :

à  Hypothecation of the asset purchased out of the loan amount.

à  Guarantee of the spouse/family member of the women who owns the land.