Key Features of MDCC Bank Women Self Help Group Loans:

• Competitive Interest Rates: Avail loans at attractive interest rates @12% to minimize the cost of borrowing.
• Flexible Loan Amounts: Access varying loan amounts based on the group’s needs and repayment capacity. Loan Amount for up to Rs.20 lakhs.
• Convenient Repayment Options: Repayment tenure is 36 months.
• Quick and Easy Processing: Benefit from a streamlined application process with minimal documentation.
• Capacity Building: Training and support programs to enhance the group’s skills in managing and utilizing the funds effectively.

Purpose of SHG Loans:

• Income-Generating Activities: Loans can be used to start or expand small businesses such as tailoring, dairy farming, handicrafts, and other local enterprises.
• Agricultural Projects: Funds can be utilized for purchasing seeds, fertilizers, and farming equipment, or for setting up small-scale agribusinesses.
• Skill Development: Support for vocational training and skill enhancement programs to improve employability and productivity.
• Social Needs: Financial assistance for healthcare, education, and other essential social needs of group members and their families.

Eligibility Criteria:

• Group Formation: A minimum of 10-20 women members per Self Help Group.
• Regular Meetings: The group should hold regular meetings and maintain proper records of their financial transactions.
• Savings History: A consistent savings record for a minimum period, as specified by the bank.
• Purpose-Oriented Utilization: Funds must be used for productive purposes as agreed upon by the group.

Documents Required:

• Group Registration Certificate: Proof of the group’s formal registration.
• Resolution Copy: Document showing the group’s consensus on borrowing the loan.
• Savings Account Statement: Statement showing the group’s savings history.
• KYC Documents: Identity and address proof of all group members.
• Project Plan: Detailed plan outlining the purpose and utilization of the loan.

How to Apply:

1. Visit Our Branch: Meet with our dedicated staff at any MDCC Bank branch for personalized assistance.
2. Call Us: Reach out to our customer service for guidance and support throughout the application process.

Benefits of Choosing MDCC Bank for SHG Loans:

• Empowerment: Financial independence and enhanced livelihood opportunities for women.
• Community Development: Strengthening of the community through collective efforts and mutual support.
• Skill Enhancement: Training programs to build entrepreneurial and financial management skills.
• Economic Growth: Contributing to the broader economic development of rural areas by promoting small-scale industries and businesses.