3. BMP Joint Liability Group Scheme
Features
- Available to Marginal Farmers, Small Farmers, Tenant farmers, Oral Lessees, Share croppers, Petty traders, Fish Farmers, members of producer organization, members involved in any entrepreneurial activity in Non-Farm Sector
- Loans to group of 4-10 individuals
- Savings by the JLG members is voluntary and not mandatory
- Cash credit, Short Term loan or Term Loan depending upon the purpose and tenor of loan
Benefits
- No Collateral and margin
- Loan eligibility is Rs. 50,000 per individual with a maximum of Rs. 5, 00,000.00 per Joint Liability Group
For further details click here
4. BMB Self Help Group Loans
Features
- Bank shall meet the entire credit requirements of the SHG a) Income generation b) social needs like housing, education, marriage etc. c) debt swapping
- The group should have been in active existence for at least a period of six months. The group may be informal or formal (registered)
- The group should have successfully undertaken savings and credit operations from its own resources
Benefits
- Loan sanctioned varying on savings to loan ratio of 1:1 to 1:4
- No Processing fee and Margin.
- No collateral security required.
For further details click here
Source: http://www.bmb.co.in/ |
