SHG Loan

In order to give undivided attention to rural credit and rural development projects the Bank took a pioneering step in introducing  Self Help Group Scheme.  Bank provides loans to SHGs for meeting entire credit requirements of the groups like income generation activities, social needs and debt swapping.

The main objectives of this scheme are:
To create awareness and provide basic education to rural women.
To inculcate savings habit and enable the rural poor to multiply the funds available with them and create an atmosphere conducive to mutual help and togetherness.
To identify and upgrade the skills available with the rural women in order to increase the level of income generation.
On a macro level, the Model is aimed at converting the rural area as producing centers instead of merely centers of consumption. Various training programs have been arranged by NABARD etc.,to inculcate the awareness and implementation of this Self Help Group Scheme.

They should belong to the economically backward community/family. They should be the resident of the same village. They should only pay a nominal sum of money towards membership fees and this will not be refunded under any circumstances.
One member can represent one family to become the member.
Any member can represent only one such Group, minimum and maximum age limit as fixed by the Scheme, as prescribed.

Each Group should contain minimum 10 members and maximum 20 members.

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• Loan Application with passport size photographs - 2 copies of group member photo.
• Resolution of the group members.