Micro-Financing for Women Cooperative Societies (Short Term)
For the sake of supplementing the income of women for their economic uplift and poverty alleviation, a new scheme has been recently launched.
The salient features of the policy are:
Finance limit – Rs.2.00 lac.
Mark-up rate – 10%.
Repayment period – 3 years with 6 months grace period.
Security – mortgage of property.
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