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
| Purpose | 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.) |
|---|---|
| Collateral/Guarantee | Group Guarantee |
| Installment Frequency | Weekly / Monthly |
| Loan Tennure | 18 Months/24Months |
| 72 Weeks / 96 Weeks | |
| Grace Period | 7 weeks( only to be used in case of holidays or medical emergencies ) |
| Moratorium | No |
| Group / Individual | Group |
| Loan Amount | INR 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 Interest | 12.5 -13.6 % Yearly |
| Processing Fee | 1 -3 % + GST |
| Loan Security | No Security Money |
| Margin | No Margin Money |
| Money (Refundable) | NA |
| Insurance Charges | 1% of the Loan Amount |