The Thane Janata Sahakari Bank Limited offers loans to the members of “Women Self Help Groups” named “swayam Siddah loan” so as to cater needs of weaker section in the society.
Purpose – To offer loan to women self help groups
Eligibility – MBG should be registered; MBG should have been in active existence for period of six months, size of the Bachat Gat Min 11 and Max 20 persons, savings per month by each member – Min Rs.50/- for Urban areas and Rs.25/- for semi urban areas, there is no ceiling on maximum contributions, the saving duration will be for a minimum period of 60 months and maximum period of 120 months etc.
Loan Limit – Term Loan to MBG (Max Rs. 2.00 Lakhs) for on lending to group members for business, education,
Term Loan to Individual Members of MBG (Max Rs. 50,000), Maximum Rs.50,000/ for business and education, Maximum Rs.15,000/ for ceremonial expenses, Maximum Rs.10,000/ for medical expenses
Security – NIL
Repayment Period – Maximum 60 months, unlike other personal loan; The SHG should make repayment to the Bank.
Rate of Interest – 10.50% p.a. at monthly rests, term Loan to MBG (Max Rs. 2.00 Lakhs), term Loan to Individual Members of MBG (Max Rs. 50,000)