Cent SHG bank Linkage scheme

Purpose of loan

* To finance SHGs for their internal lending / Group activity.


* SHGs

Nature of facility

* Revolving Cash Credit/ Term Loan.

Eligible quantum of CC limit /
Term Loan put together

* Quantum of limit (fixing of overall limit for 5 years) with maximum of Rs 20.00  lacs per group
In the initial years of establishment the ratio should be 1: 1 and it can be gradually increased to ratio of 1:8 of savings.

Interest Rate

Upto Rs3,00,000/-
Above Rs3.00 lakh to Rs10.00 lacs

Above Rs 10.00 Lakh to 20.00 Lacs

MCLR + 1.35%
MCLR + 2.50%
MCLR+ 3.00%

Processing Charges

Upto 25,000/- -NIL

Above Rs25000/- - @ Rs120/- per lac or part thereof,

Documentation Charges

Upto  Rs 2 .00Lakh- NIL

Above Rs 2 Lakh to Rs 20.00 Lakh- Rs50/- per Lakh or part thereof Max


Period of loan

 Cash credit: Limit for 5 years subject to annual review.

Term Loan: Max. Repayment period 84 Months


Up to Rs 10.00 Lakh  : NIL

Above  Rs 10.00 Lakh and up to Rs 20.00 Lakh: Guarantee cover under