Micro Credit Finance (SHG)

Micro credit scheme

WBTDCC has been implementing Micro Credit loan scheme for SHGs sponsored by NSTFDC since 2009-10. This scheme is meant to provide small loans to the eligible scheduled tribe members of SHGs for undertaking income generation activities.

              i)    Quantum of assistance:

1. NSTFDC provides loan up to Rs.50,000/- per member and maximum Rs.5 Lakh Per SHG,
2. NSTFDC provides up to 100% of the funds required, as loan, in case the SCA(s) is /are not able to provide Margin Money/Subsidy.

              ii)  Repayment period:

1. For SHGs to SCAs: Loan is to be repaid by the SHGs to the SCAs, within a maximum period of 04 years, including a standard moratorium period of six months to be allowed to the SHGs by the SCAs, from the date of disbursement of funds by the SCAs to SHGs.
2. For SCAs to NSTFDC: On quarterly basis within a period of 05 years from the date of disbursement of funds by NSTFDC to SCAs, including a slandered moratorium period of six months to be allowed by NSFDC to SCAs and by SCAs to SHGs.

Achievement so far:-

• Since inception 59938 women SHG members have been provided with loan amounting Rs 68.51 crore.