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Providing financial assistance to Women Entrepreneurs who are into Small Business, Professional or Self Employed and Retail Trade through the Credit facilities.
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VIJAYA Mangala A special scheme for women Home Loan borrowers. Purpose: Any purpose other than speculative. Eligibility: Wife of home loan borrower. If the home loan is taken jointly (husband & wife) then the wife is eligible. In case the loan is taken by joint male borrowers, their wives can jointly avail the loan. Quantum of Loan: Up to 3 lakhs or 10% of home loan sanctioned, whichever is lower. Repayment: Maximum of 60 EMI’s. However the due date should not exceed the home loan tenure linked to this loan.
V Swashakti Purpose: Providing financial assistance to Women Entrepreneurs who are into Small Business, Professional or Self Employed and Retail Trade through the Credit facilities. Eligibility: Women above 18 years Only Resident individuals Contribution of the women should be more than 51% if the business is run on partnership basis. Quantum of Loan: Maximum Rs.5.00 lakhs Repayment: Term loan: Maximum 5 years Working capital :18 months (subject to annual review)
Assistance To Women In Non Farm Development (ARWIND) This scheme is developed for assisting rural women in non-farming sector on a cluster/group basis. Has 2 components: Credit component Promotional component Loan assistance should not exceed Rs.50000/- per borrower or Rs.10 lakhs for a group activity involving 20 rural women. Eligible activities: Activities like manufacturing, servicing, processing (excluding breweries producing intoxicants etc) are eligible. In the interest of larger employment generation, tiny and decentralised units costing less than Rs.15 lakh will be preferred as satellite units and mother unit concept. Security: As per RBI guidelines, no margin money or collateral security/ third party guarantee is collected for loans up to Rs. 25000/- per borrower except when hypothecation of assets created out of the loans. ROI: It is based on the RBI/ NABARD guidelines and changes from time to time. Repayment: Varies from 3 to 10 years based on the cash flow of the scheme, with a moratorium of 6 to 12 months. Special conditions: As per the norms of the scheme (HOCL40/94)
Assistance For Marketing Of Non Farm Products Of Rural Women (MAHIMA) Under this scheme, loans and assistance in grant is provided to the Registered Voluntary Agencies (VA), Non-Governmental Organisations (NGOs) and other promotional organisations who are engaged in marketing of products made by rural women. Eligibility: The organisations undertaking the business of marketing women’s products are eligible under this scheme, and they should have a track record of working for at least 3 years in production /marketing of rural products, and should satisfy the terms and norms of the financing banks and NABARD, which is prescribed from time to time. Security and Margins: Based on the norms of the bank given from time to time. NABARD refinance: NABARD provides 100% refinance for bank loans with a maximum limit of Rs.10 lakh. Quantum of grant / Assistance: If the agency is able to cover, then the promotional grant assistance is normally limited to Rs.2.50 lakh per agency.
VIJAYA BANK • Vijaya Bank is a PAN India Institution, serving diverse sectors of the society • The Bank offers a bouquet of innovative and attractive products and services to its customers. It has also incorporated a host of latest Digital Banking products, to provide the best services to its customers. Digital Banking services are: • VPAYQWIK • Mobile Banking • Net Banking • Vijaya UPI • Twitter bankingand many more… For details, visit: https://www.vijayabank.com
