Sripur Swami Vivekananda Welfare Society (SSVWS)

SSVWS

Primary Loan

At present SSVWS provide the only one Loan Product for woman who are engaged in Small holder agriculture and business (Agriculture, Agri-Allied Activities, Petty Trade, Animal Husbandry, Vegetable Selling, Stitching & Patchwork, Rice Business, Jari Work, Poultry, Artificial Flower making, Rice Bhanga Kuta etc.). The description of this loan product is given below.

Loan Products Table
PurposeSmall holder agriculture and business (Agriculture, agri-allied activities, petty trade, animal husbandry, vegetable selling, Stitching& patchwork , Rice business , Jari work, poultry, Artificial flower making, Rice Bhanga Kuta etc.)
Collateral/GuaranteeGroup Guarantee
Installment FrequencyWeekly / Monthly
Loan Tennure18 Months/24Months
72 Weeks / 96 Weeks
Grace Period7 weeks( only to be used in case of holidays or medical emergencies )
MoratoriumNo
Group / IndividualGroup
Loan AmountINR 20,000 – 1,00,000
Access requirements-      The average annual income of borrowers is within Rs.50, 000 in rural areas and 1, 20,000 in non-rural areas.
(eligibility criteria)-      The applicant must have the Identification certificate and residence proof documents
-      The applicant should be directly or indirectly (direct engagement from spouse) engaged in the business for which the loan is requested for The applicant should express respect and value to the services of SSVWS
Rate of Interest12.5 -13.6 % Yearly
Processing Fee1 -3 % + GST
Loan SecurityNo Security Money
MarginNo Margin Money
Money (Refundable)NA
Insurance Charges1% of the Loan Amount