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Micro Credit Limit

First Microfinance provides wholesale loan to microfinance institutions and cooperatives to be utilized under deprived sector. First Microfinance considers deprived sector loan as the micro-credits extended by the microfinance and cooperatives for the deprived and low income people for self-employment and micro-enterprises up to following  limit:

S.N

Micro-Credit Limit

Pre-Condition/Eligibility Criteria

1.

Rs. 2,00,000

Per family for the purpose of solar-home-system/ bio gas

2.

Rs. 3,00,000

Low income group member against group guarantee

3.

Rs. 5,00,000

Credible low income group member since last 2 years

4.

Rs. 7,00,000

Low income individual borrowing against collateral

5.

Rs.15,00,000

Credible low income borrower against collateral since last 2 years

Enhancement of credit for credible borrower since 2 years can be done gradually.


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