• Custom Free
     

    Custom quote

  • Annapurna Microfinance Pvt Ltd Micro Credit

    Loading your search...
  • Annapurna Microfinance Pvt. Ltd a.k.a. AMPL is a microfinance initiative by people’s Forum aged over two decades as a development organization. It is although a Non Banking Financial Company, which is  regulated by Reserve Bank of India it does suffice well as a financial institution. Promoted by Mr. Gobinda Chandra Pattanaik (Member Secretary cum CEO of People’s Forum) it was earlier known as Gwalior Finance & Leasing Pvt. Ltd. It was involved in financing & leasing products. Annapurna Microfinance Pvt. Ltd intends to grow micro finance operation in specifically those areas which are do not yet have the access of a formal financial system of the economy and help people with livelihood support especially for the poor through financial and technical support strengthening entrepreneurial skills for effective and efficient undertaking of business activities in rural areas. Annapurna Microfinance Pvt. Ltd. (AMPL) is offers both financial and non-financial services to the poor, unbanked and marginalized people in rural, semi-urban and urban areas to meet the evolving needs of the community people. They also aid those who are involved in agricultural and small business activities. It also has a new customized insurance products for its clients They are well-known for their micro-credit products in particular..

    The following are the offerings from this financial institution:

    Loan for Paddy Cultivation

    This loan has a rate of interest of 24%, and can be taken by women only for paddy cultivation. The loan amount may be a maximum of Rs. 15,000 payable within 24 monthly installments. The interest rate reduces with every payment made and also the model for this loan is SHG based.

    Loan for Vegetable Cultivation

    This loan has a rate of interest of 24%, and can be taken by women only for vegetable cultivation. The loan amount may be upto a maximum of Rs. 15,000 payable within 24 monthly installments. The interest rate reduces with every payment made and also the model for this loan is SHG based.

    Loan for Fishery

    This loan has a reducing rate of interest of 24%, and can be taken by women only for fishing. The loan amount may be upto a maximum of Rs. 15,000 payable within 24 monthly installments. The model for this loan is SHG based.

    Loan for Dairy

    This loan has a rate of interest of 24%, and can be taken by women only for dairy. The loan amount may be Rs. 15,000 and upto a maximum of Rs. 24,000 payable within 24 monthly installments. The interest rate reduces with every payment made and also the model for this loan is SHG based.

    Loan for Snacks Making

    This loan has a rate of interest of 24%, and can be taken by women only for making snacks. The loan amount may be a maximum of Rs. 10,000 payable within 12 monthly installments. The interest rate reduces with every payment made and also the model for this loan is SHG based.

    Loan for Bamboo Craft

    This loan has a rate of interest of 24%, and can be taken by women only for bamboo and canecraft. The loan amount may be Rs. 15,000 and upto a maximum of Rs. 24,000 payable within 24 monthly installments. The interest rate reduces with every payment made and also the model for this loan is SHG based.

    Loan for Grocery Shop

    This loan has a rate of interest of 24%, and can be taken by women only for running a grocery shop. The loan amount may be a maximum of Rs. 10,000 payable within 12 monthly installments. The interest rate reduces with every payment made and also the model for this loan is SHG based.

    Income generating loans for family members of Leprosy affected Patients

    This loan has a rate of interest of 18%, and can be taken by family members and of leprosy affected patients for income generating activities. The loan amount may be a maximum of Rs. 1 to 2 lakhs for SHG and Rs. 25,000 to Rs. 1 lakh for individuals payable within 36 monthly installments. The interest rate reduces with every payment made.

    Income Generating Loans for Widows/ Unmarried women/ Single Mothers

    This loan has a rate of interest of 18%, and can be taken  for widows, unmarried women or single mothers for income generating activities. The loan amount may range between Rs. 25,000 to Rs. 50,000 for individuals payable within 36 monthly installments. The interest rate reduces with every payment made.

    Loan for physically challenged persons

    This loan has a rate of interest of 18%, and can be taken  for physically challenged for income generating activities. The loan amount may range between Rs. 25,000 to Rs. 50,000 for individuals payable within 36 monthly installments. The interest rate reduces with every payment made.

    Income generating loans for persons belonging to the community of Eunuch/ Third gender

    This loan has a rate of interest of 18%, and can be taken  for people who belong to the third gender or the eunuch community for income generating activities. The loan amount may range between Rs.15,000 to Rs. 30,000 for individuals payable within 36 monthly installments. The interest rate reduces with every payment made.

    Income generating loans for specific clusters or large groups doing one activity

    This loan has a rate of interest of 18%, and can be taken  for people who belong to the third gender or the Women belonging to low income families for income generating activities. The loan amount may range between Rs.1.5 lakhs to Rs.3 lakhs for individuals payable within 36 monthly installments. The interest rate reduces with every payment made. The model for lending is based on SHG group or SHG federations.

    Safe Water And Sanitation To Households (SWASTH)

    This loan helps individuals in rural areas for taking loans to enhance water and sanitation through purchasing water connections, hand bore well, new toilet or renovation of a toilet. The interest rate on this loan is 22% and the minimum loan amount is Rs. 5,000 to Rs. Rs. 15,000. The repayment can be done through monthly installments within a span of 12 to 18 months.

    Annapurna Higher Education Loan (ASEL)

    This loan can be taken by people in the rural areas to meet course fee expenses for current and future post-secondary students attending university, diploma, pre-university college, technical or vocational school.

    Students who are doing job-oriented courses shall find this loan useful.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.