TJSB Women Entrepreneur Loan : For granting loans to the members of “Women Self Help Groups” (SHG) so as to cater needs of weaker section in the society.
 

 
 1. TYPE OF CREDIT FACILITY TO BE GRANTED UNDER THE “TJSB Women Entrepreneur Loan” SCHEME:
         a. Term Loan to MBG (Max Rs. 2.00 Lacs)
         b. Term Loan to Individual Members of MBG (Max Rs. 50,000)

2. ELIGIBILITY:
        1. MBG should be registered
        2. MBG should have been in active existence for period of six months
        3. Size of the Bachat Gat Min 11 and Max 20 persons.
        4. Savings per month by each member – Min Rs.50/- for Urban areas and Rs.25/- for semi urban areas.
        5. There is no ceiling on maximum contributions.
        6. The saving duration will be for a minimum period of 60 months and maximum period of 120 months
             in the form of Recurring Deposit. ( RD to be lien marked till the repayment of loan)
        7. The person should be a member of MBG. His application should be referred by Executive / Administrative
             body of the MBG under their seal and signature for consideration of loan proposal.

3. LOAN LIMIT:
        i. Term Loan to MBG (Max Rs. 2.00 Lacs) for on lending to group members for business, education,
            ceremonial purpose and for medical)

       ii. Term Loan to Individual Members of MBG (Max Rs. 50,000)
           Max Rs.50,000/ for business
           Max Rs.50,000/ for education
           Max Rs.15,000/ for ceremonial expenses
           Max Rs.10,000/ for medical expenses

4. SECURITY , MARGIN, BANK CHARGES & PRE PAYMENT CHARGES : NIL

5. REPAYMENT PERIOD : Max 60 months . The SHG should make repayment to the Bank.

6. RATE OF INTEREST: 10.50% p.a. at monthly rests.