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Self-Help Groups (SHGs)

Self-Help Groups (SHGs)

The Bank is providing loan to Self-Help Groups (SHGs) who have formed within the area of operation, consisting of 12 to 20 Members.
The Self-Help Groups (SHGs) may be formed in both gender.
The SGHs having an account with our Bank Branches and become ā€œCā€ Class Members, before availing of loans.
The minimum loan amount for each Member is 25,000/-, subject to maximum of 5,00,000/- per SHG, according to the volume of business.
The repayment of the loan period is 36/60 equal monthly installments.
The rate of interest for this type of loan is 14% per annum.