The primary loan is for women who are engaged in small businesses and other income generating activities but face liquidity problems, financial insolvency, and do not meet the requirements of obtaining loans from banks.

Loan amount

INR 1,000- 30,000

Tenure/duration

12 or 24 months, depending upon the repayment ability and the borrower's choice as per RBI directives

Instalments frequency

Weekly

Fortnightly

Monthly

For tenure/duration of 12 months

46 Instalments

22 Instalments

11 Instalments

For tenure/duration of 24 months

106 Instalments

53 Instalments

26 Instalments

Rate of interest

26% (effective from 22nd July 2024)

Processing fee

1.5% of the loan amount plus applicable GST

Insurance / loan processing fees

INR 4.50 for per INR 1,000 per year plus applicable GST

Admission fee

Rs 25 inclusive of GST

Security deposit

NIL

Penalty for late payment

2% on the overdue amount plus applicable GST