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.
INR 1,000- 30,000
12 or 24 months, depending upon the repayment ability and the borrower's choice as per RBI directives
For tenure/duration of 12 months
For tenure/duration of 24 months
Rate of interest
24.5% until 25 October 2022; 27% (reducing) from 25 October 2022 onwards. The interest range is 23% to 27%.
2% of the loan amount plus applicable GST
0.6% of the loan amount plus applicable GST
Insurance / loan processing fees
INR 4.50 for per INR 1,000 per year plus applicable GST
Rs 25 inclusive of GST
Penalty for late payment
2% on the overdue amount plus applicable GST