Mahila Samridhi Yojana

Pattern of Finance

Up to 95% of the loan amount will be provided under the scheme to the applicant while the rest of the 5% will be provided by State Channelizing Agencies (SCAs) or Beneficiary contribution. The utilisation period will be 4 months from the date of disbursement of the loan amount.

Repayment

There is a moratorium period of 6 months under this scheme. The applicant is supposed to pay back the loan amount in quarterly installments within 4 years from the date on which the loan amount was disbursed to the applicant's bank account.

Rate of interest

The rate of interest chargeable on the loan amount from National Backward Classes Finance and Development Corporation (NBCFDC) to SCA is 1%, while the interest rate charged on the loan amount from SCA to the beneficiary is 4%.

A good credit score can help you secure lower interest rates on loans and credit cards.

Get Free Credit Score