Our reach as on December 2011
- States & Union Territories - 18
- Branches - 1,553
- Borrowers - 33,88,317
- Staff - 9,441
- Loan disbursed for the month -
Rs. 594crores - Loan outstanding - Rs. 3,177 crores
States & Union Territories and Branches
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Loan Products
| No. | Loan Product | Loan Amount | Tenure | Rate of Interest(Reducing Balance Method) |
|---|---|---|---|---|
| 1 | Suchana (Micro Loan) |
 1,000 - 15,000
Subsequent increase upto 3,000
|
12 months | 22.90% |
| 2 | Srishti (Micro Enterprise Loan) |
16,000 - 50,000
Subsequent increase upto 5,000
Loan does not exceed 35,000- in the first cycle
|
24 months | 22.90% |
| 3 | Samriddhi (Micro Small and Medium Enterprise Loan) |
51,000 - 3,00,000
|
12/18/24 months | 22.90% |
| 4 | Suraksha (Micro Health Loan) |
1,000 - 5,000
|
12 months | 20.00% |
| 5 | Susikhsha (Micro Education Loan) |
1,000 - 10,000
|
12 months | 20.00% |
| 6 | Fisheries |
8,000 - 40,000
|
12/24 months | 22.90% |
Other Guidelines
- We are complying with all the guidelines as prescribed by RBI vide letter dated May 03, 2011(based on Malegam Committee Recommendation) pertaining to Bank loans to Micro Finance Institutions (MFIs).
- Loans are sanctioned for supporting and enabling the members for undertaking Income Generating activities.
- Processing fee is charged at the time of disbursement.
- Borrowers and their spouse are covered under insurance.
- Penalty is not charged in case of default.
- Prepayment allowed but without penalty.
- Admission fee will not be taken.
- Loan is without collateral.
- Security deposit is not taken at the time of disbursement.
- Loan is repayable by weekly, fortnightly or monthly installments at the choice of the borrower.