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.
INR 31,000- 60,000
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
Insurance / loan processing fees
INR 4.50 for per INR 1,000 per year plus applicable GST
Rs 25 inclusive of GST
0.6% of the loan amount plus applicable GST
Penalty for late payment
2 on the overdue amount plus applicable GST