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Last Modified : Jul 21, 2008 9:42 PM
V Swashakti
 
Purpose
Eligibility
Lending norms
Rate of Interest
 
Objective
To expand the employment and Income Generating Schemes and Programme so as to make women Self-reliant and economically independent.
 
Purpose
Offering assistance to Women Entrepreneurs for economic pursuits in Small Business, Professional or Professional or Self Employed and Retail Trade and Credit facilities to Women Entrepreneurs (Term Loan / Working capital) for the following :
  • Tailoring
  • Canteen and Catering
  • Pickle and Masala Making
  • Clinics
  • Papad MakingBeauty Parlour
  • Creche and Playschool
  • Tuitions and Coaching Class
  • Library
  • Ceramics
  • Departmental Stores
  • Handicrafts
  • Medical Shop
  • Counseling
  • Doctors / Chartered Accountants
  • Candle Making
  • Health Center
  • Laundry
  • Bakery
  • florist
  • Travel Agency
  • Milk Booth
Eligibility
  • Women above 18 years are eligible
  • Only to Resident individuals who are customers. In case of non-customers of our bank, the applicant /s should open an account with our bank by complying with the norms required for opening the account.
  • Loans can be availed by women for both proprietary / partnership firms.
  • If the business is on partnership basis the contribution of the women should be more than 51 %.
 
Lending norms
Ceiling Maximum finance Rs.5.00 lacs.
Margin

upto Rs.25000/- : NIL

over Rs.25000/- : 15 %
Security Small Scale Industry
- Upto Rs. 5.00 lakh : Hypothecation of Assets created out of Bank finance. Collateral
Free / No third party Guarantee. Branches should cover the loan under CGFS.
Other priority Sector
- Upto Rs.25000/- : hypothecation of Assets created out of the loan.
- Above Rs.25000/- : hypothecation of Assets created out of the loan and
third party guarantee / collateral security
Debt Waiver / Relief Beneficiaries
announcement
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