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.
Follow us:
