1

Product Name

Mahila Shaksham

2

Purpose

Financing Individual Women SHG Members for Entrepreneurial Activity

3

Classification

Account will be Classified as Agri/MSME based on the Activity Undertaken

4

Activities Eligible under the Scheme

(i) Mushroom Cultivation

(ii) High value crop cultivation in green house/poly house, floriculture etc.

(iii) Allied activities like dairy, poultry, sericulture, pisciculture, Goat & sheep rearing etc.

(iv) Beauty parlour and salon services

(v) Tailoring Shop

(vi) Rural eco-tourism

(vii) Restaurant

(viii) Internet Cafe and Pphotocopy

(ix) Confectionary Shops including Soft Drinks

(x) Groceries/Stationary Shops

(xi) Fruits and Vegetables Shop

(xii) Cosmetic Shop

(xiii) Papad /Traditional Snacks

(xiv) Flour Mill

(xv) Oil Processing Units

(xvi) Handicrafts, Weaving, Textile Bags, Covers, Baskets etc.

(xvii) Pottery & Ceramics

(xviii) Artificial Jewellery Making Unit

(xix) Bangles - Glass and Lac Items

(xx) Agarbathi/Candle Making Unit

(xxi) Soap Making/Liquid Soap/Detergent/Washing Soap

(xxii) Metal and Cane Products

(xxiii) Hosiery Unit

(xxiv) Sanitary Towels/Napkin Manufacturing Unit

(xv) Paper Plates/Cups/Glass Manufacturing

(xvi) Agri Clinic and Agri Business Center

5

Target Group

Individual Women SHG Members from Well-functioning Matured SHGs Sponsored by Day - NRLM

6

Nature of Facility

Term Loan & Need based Working Capital

7

Loan Quantum

Minimum: Rs. 75,000/- and Above

Maximum: Rs. Up to Rs. 10,00,000/-

8

Margin

10% of Project Cost

9

Eligibility

10

Credit Guarantee Cover

• Lending under the scheme is eligible for credit guarantee cover under CGTMSE for MSME activity or CGFMU for agriculture activity.
• Credit guarantee fees will be reimbursed to individual women SHG members under DAY-NRLM for loan up to Rs. 5.00 Lakhs for a maximum period of 5 years.
• In case of loan amount exceeding Rs. 5.00 Lakhs, reimbursement of credit guarantee fees will be done in proportion to the loan amount.

12

Security

Prime Security: Hypothecation of Assets Created Out of Bank Finance.

Collateral Security: NIL No Collateral security or third-party guarantee should be insisted since the loan is covered under Credit Guarantee scheme.

13

Repayment

60 Monthly/20 Quarterly Instalments Including Moratorium Period

14

Moratorium

Maximum 12 Months

15

Interest Rate

For Agriculture and Allied Activities

Up to Rs. 10.00 Lakhs: 1 Year MCLR +0.20%(SP)+1.80%(RP)

For MSME Activities including Processing Units

Up to Rs. 10.00 Lakhs: RLLR+0.40%(SP)+1.35%(RP)

16

Penal Charges

As per Banks Applicable Charges Prescribed by CSSD from Time to Time

17

CIBIL

Minimum CIBIL Score of Above 650 or "0/-1" to be Considered. If CIBIL Score is Above 680 - Branch Discretion. If CIBIL Score is above 650 and Less than 680 - RLCC.

18

Financial Assessment

Term Loan:- Eligible Term Loan Limit Shall be Arrived on the Lower Side After Reducing Margin based on the Project Financials/Cash Flow/Projected Income Generation on the Activity Undertaken (and) Quotation/Project/Unit Cost (or) Any Other Way of Justifying the Repaying Capacity of the Borrower. Working Capital:- Eligible Working Capital Limit Shall be the Minimum Permissible Bank Finance Arrived as per the Turnover Method.

19

Processing Charges & Upfront Fees

0.40% of the Limit Sanctioned Plus Applicable GST (For Both Term Loan and Working Capital).