To bring every assisted poor family (Swarojgari) above poverty line in 3 years.
- Provides provide income generating assets through a mix of bank credit and Govt.
- Subsidy Rs.7,500/- to Rs.10,000/-. SHGs maximum Rs. 1.25 lakhs.
Terms & Conditions
- Individuals or groups below poverty line – sponsored by DRDA Reserve quota for SC/ST – 50%, Women – 40% & Disabled - 3%.
- Maximum Benefit (as per Project Cost).
- The tenure period ranges from 5 – 9 years.
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- No collateral security upto a loan limit of Rs. 1.00 lac for individuals and Rs. 10 lacs for Groups (Assets created out of the bank loan would be hypothecated to the Bank as Primary Security). Loans exceeding the above limit collateral/s like third party guarantee/assignment of LIC policy required.