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What is an SHG Loan?
A Self-Help Group (SHG) Loan is a collective credit facility extended to groups (usually 10–20 members) who save and support each other financially. Loans are issued to the group, not individuals, for mutual development and support.
1
Key Features
- Based on group savings & repayment history
- 12–36 months flexible repayment
- Low or subsidized interest rates
- Minimal documentation & simple process
- Revolving credit – borrow again after repayment
- Funds usable for farming, small businesses, emergencies
2
Eligibility Criteria
- Must be a registered or recognized SHG
- Group of 10–20 members (mostly women)
- Proven record of internal savings & lending
- Must maintain passbooks, meeting records, and accounts
- All members should be local residents
3
Required Documents
- SHG registration/resolution
- SHG bank account details
- KYC of president/secretary/treasurer
- Signed loan application
- Meeting minutes approving loan
4
Benefits to the Group
- Financial independence
- Encourages micro-enterprise
- Credit discipline & accountability
- Supports women’s empowerment
- Access to govt. subsidies via SHG-Bank linkage
Why Choose Self Help Group Loan?
Tailored to Community Needs
Loans designed for SHGs working at grassroots level, ensuring inclusivity and relevance.
Community-Based Repayment
Members support each other in repayment, building mutual accountability.
Poverty Reduction & Livelihoods
Enables micro-entrepreneurship, income generation, and financial upliftment.
Backed by Government Schemes
Supported by NABARD and various development programs for SHGs..
Looking to uplift your community? Don’t wait.
Apply for an SHG Loan and grow together with purpose and support.
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