Cent SHG bank Linkage scheme

Purpose of loan	* To finance SHGs for their internal lending / Group activity.
Eligibility	* SHGs
Nature of facility	* Revolving Cash Credit/ Term Loan.
Eligible quantum of CC limit / Term Loan put together	* Quantum of limit (fixing of overall limit for 5 years) with maximum of Rs 10.00 lacs per group In the initial years of establishment the ratio should be 1: 1 and it can be gradually increased to ratio of 1:4 of savings.
Interest Rate	Upto Rs3,00,000/- Above Rs3.00 lakh to Rs10.00 lacs	MCLR + 1.35% MCLR + 2.50%
Processing Charges	Upto Rs 3 Lakh/- : NIL *Above Rs 3 Lakh/-: @0.30%*
UpFront Fee	Upto Rs 3 Lakh/- : NIL *Above Rs 3 Lakh/-: 50% of 1.25%(i.e. 0.625%)*
Period of loan	Cash credit: Limit for 5 years subject to annual review.
Security	NIL