 Objective |
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To empower women by making them self-sustainable and self-reliant by providing appropriate training through Andhra Bank Rural Self Employment Training Institutes (ABRSETIs) or any other training institutes. The following districts have been identified in Andhra Pradesh and Telangana states for implementation of the pilot scheme.
| S. No |
Name of the District |
State |
| 1 |
East Godavari |
Andhra Pradesh |
| 2 |
Krishna |
Andhra Pradesh |
| 3 |
Krishna |
Andhra Pradesh |
| 4 |
Srikakulam |
Andhra Pradesh |
| 5 |
Srikakulam |
Andhra Pradesh |
| 6 |
SPSR Nellore |
Andhra Pradesh |
| 7 |
Guntur |
Andhra Pradesh |
| 8 |
West Godavari |
Andhra Pradesh |
| 9 |
Chittor |
Andhra Pradesh |
| 10 |
Siddipet |
Telangana |
| 11 |
Ranga Reddy |
Telangana |
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| Eligibility |
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Self Help Groups (SHGs) which are in active existence with satisfactory dealings for more than 5 Years and completed 3 Credit rotations with good repayment record are eligible. SHGs have to take up common income generating activity/multiple income generating activities at group level or individual level, which are technically feasible and economically viable. |
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| Purpose |
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Income generating / productive activities under Agriculture & allied activities (other than crop production) & SME activities. |
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| Loan Amount |
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Term loan: 90% of the term investment proposed.
Working capital loan (need based) : 90% of the recurring expenditure to be incurred in the project.
Both term loan and working capital loan put together subject to a maximum limit of Rs. 25.00 lakh. |
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| Margin |
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10% of the project cost. |
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| Rate of interest |
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Cash Credit:MCLR + 3.50
Term loan:MCLR + 3.50 + 0.50
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| Repayment |
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Term loan:Repayable in 60-72 monthly instalments depending on cash flow with a gestation period of 3-6 months.
Cash Credit:Valid for one year with annual review/ renewal.
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| Primary Security |
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Hypothecation of assets created out of bank loan.
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| Collateral Security |
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Nil
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| Guarantee |
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Group Guarantee – All the individual Self Business Group (SBG) members are jointly and severally liable.
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| Processing charges |
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Upto limit of Rs.25000/- per member:Nil
Limit above Rs.25000/- per member:0.50% of the sanctioned limit
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| Terms & Conditions |
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- Proper training shall be imparted to majority of SBG members from our/other nearest training institute before financing them under the scheme.
- The SBG loan is to be financed in addition to the existing Self Help Group (SHG) loan within overall exposure limit of Rs. 25.00 lakhs.
- Minimum corpus of the group shall not be less than 10% of the loan amount at any point of time.
- Assets created out of our Bank finance shall be covered comprehensively under Insurance.
- Loan will be sanctioned after ensuring that there is no concentration of same type of activities/ businesses are not there in a cluster.
- All necessary approvals/Permissions pertaining to the activities taken up are to be obtained.
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