The special loan is for women who are involved in emerging entrepreneurial enterprises and supplementary income generating activities but suffer from shortage of capital and are not eligible for banking assistance.
Loan amount | INR 31,000- 60,000 | ||
Instalments frequency | Weekly | Fortnightly | Monthly |
Number of instalments | 106 Weeks | 53 Fortnights | 24 Months |
Rate of interest | 21.89% (reducing), effective 1 January 2021 | ||
Processing fee | 1% 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 | NIL | ||
Security deposit | NIL | ||
Penalty for repayment/ late payment | NIL | ||