20. GRAMIN MAHILA SOWBHAGYA SCHEME

Objective: To finance the rural women in purchase of consumer goods like mixie, gas stove, T.V., refrigerator, steel & wooden furniture, 50CC and less motorized Two Wheelers etc.

Eligibility:

• Married rural, semi-urban & urban women engaged in agriculture or activities allied to agriculture.
  
• Aged between 18 -55 years.
  
• Preference given to IBKC holders/SHG members.
  
• Minimum family income should be Rs.2500 p.m. which should be to the satisfaction of BM.

Margin: 5% of the project cost.

SHG Bank Linkage Programme - Direct Linkage to SHGs

Objective: To provide thrift, credit and other financial services to the poor in all areas enabling them to raise their income levels and standard of living.

Eligibility: Member of SHGs.

Amout of Loan: Upto 10 times of the group savings including interest on savings and OD limit to well run SHGs

21. Jana Shree Bima Yojana (Launched in association with LIC)

Objectives: To provide Group Insurance for the members of SHGs, JLG, RMG, Farmers Club, Men groups, youth club etc.

Eligibility: Members of SHGs, Joint Liability Group (JLG), Rythu Mithra Group, Artisans, Farmers Club, Men groups, youth club etc financed by Indian Bank, between ages 18 years and 59 years and below the poverty line.

Benefits:

• In the event of death of the members a sum of Rs.30000 will become payable.
  
• In the event of death by accident or partial disability due to accident the following amount will become payable.

22. Universal Health Care (Launched in Association with UIIC Ltd)

Objectives: To provide Medical insurance for the BPL families, since the regular Mediclaim policy is beyond the reach of most of them.

Eligibility: Members of SHGs, Joint Liability Group (JLG), Rythu Mithra Group, Artisans, Farmers Below Poverty Line (BPL) families, who have opened  “No Frills” account under Financial Inclusion in both rural and urban areas.

Age: Between 5 and 65 years. 3 months kid up to 5 years children (Provided one or both parents are covered)

Benefits: On the Death of the earning Head of the family, Nominee will be paid to a maximum of Rs. 25000/-.

In the event of illness/ accident the following amount will become payable.