Under Bank Tie Up Scheme/Direct Loan
The corporation is arranging finance for the eligible women through Nationalized Banks; by sponsoring the loan application to the various banks up to
Rs. 1,00,000/- and after the sanction of loans by banks, corporation provides Margin Money limited to Rs. 10,000/- or 25% of the total loan sanctioned whichever is less. Rest of the 75% is provided by the bank. Since 2001 the corporation has also been provided Micro Loan from its own resource. Presently Micro Loan upto to Rs. 25,000/- (Now upto Rs. 75,000/-) is provided for taking up any of the income generating activities under self employment schemes. Physical target is fixed by the Board of Directors in advance.
- Annual family income not exceeding Rs. 3,00,000/-.
- Age 18 to 55 years.
- Should be resident of U. T. Chandigarh.
- Only one member of a family get loan.
RATE OF INTEREST (Micro Scheme & Margin Money Loan):
- Upto Rs. 1,50,000/- 4%
- Above Rs. 1,50,001/- to Rs. 3,00,000/- 6%