1

Scheme Name

IOB STHREE SHAKTHI YOJANA

2

Purpose

With access to Water, Sanitation & Hygiene facilities at home, women need not travel more time to bring water and the time saved shall be utilized for productive work at home or farm, which will improve the livelihoods. Access to safe water, improved sanitation and good hygiene is important not only it yields many tangible benefits to the society, but also interlinked with many other important Sustainable Development Goals like No poverty, Health, Education Gender, and Climate action. Women's involvement in managing the community-based water purification plants will lead to their empowerment.

3

Eligible Activities

For construction of household toilets, Ecosan toilets, septic tanks, Repairing/Upgrading toilets - Tiled flooring, Door or rooftop replacements, Squat model to Western type toilets & adding bathroom, Improvement in drinking water facility, purchase of filters/water purifiers, Construction of septic tanks, Establishing bore well, Construction of water storage, overhead tanks, Wastewater system (Drains and soak pits), Rooftop Rainwater harvesting, Wastewater treatment plants, Sludge treatment plant, Water pumps with solar panel.

4

Classification

Priority Sector - Social Infrastructure

5

Nature of Facility

Term loan

6

Eligibility

• All members of SHGs (Self Help Groups), who have completed one loan from our Bank.
• Borrower must have a household property in her/ spouse/ father name/ the close relative as defined in Section 6 of the companies Act 2013 and toilet must be built within that property only.
• Individual member age should be Minimum 18 and Maximum 60 years.
• A member can take loan under this scheme even if there is outstanding in SHG loan subject to their repayment capacity and no overdue in the existing SHG loan.

7

Loan Quantum

Minimum: Rs.20,000/- Maximum: Rs.1,00,000/-

8

Margin

Nil

9

Credit Guarantee Cover

Lending under the scheme is not eligible for any type of Credit Guarantee

10

Security

Prime Security: Hypothecation of assets created out of bank loan Collateral Security: Nil Third-party guarantee may be obtained wherever possible/ guarantee from close relative in whose name the property is registered as mentioned in point no. 8

11

Repayment

Minimum 24 to Maximum 60 Monthly instalments

12

Holiday Period

Nil

13

Interest Rate

1Y MCLR (9.10% at Present)

14

Penal Charges

As per Banks applicable charge prescribed from time to time

15

Processing Charges/Upfront Fees

Nil