Karnataka Gramin Bank

SHG OD

  • Members
  • Eligibility
  • Interest Subvention
  • Loan facility
  • Meeting
  • Savings
  • Size of Loan
  • Purpose
  • Repayment

Members

Members

  • 10 to 20 Members with 2 Representatives among them

Eligibility

Eligibility

  • Existing atleast for 6 months

Interest Subvention

Interest Subvention

  • Women SHGs are eligible for Int. Subvention under NRLM Scheme.

Loan facility

Loan facility

  • Term Loan / Cash Credit / OD limit

Meeting

Meeting

  • Weekly / Fortnight or atleast monthly – compulsory attendance by all the members

Savings

Savings

  • Compulsory

Size of Loan

Size of Loan

  • 1:1 to 1:4
  • Savings means :
    Total Savings of the members, Net Profit borrowed as capital, contribution received like grants, donation but not revolving fund.

Purpose of loan

Purpose of loan

  • Generally for production purpose

Repayment

Repayment

  • Maximum 5 years, in case of OD , A/c should be reviewed annually