FINANCING SELF-HELP GROUPS

Thrissur –DCB has actively participated in SHG-Bank Credit linkage program since its inception in 1992 as a pilot project by NABARD. Since then TDCB has made a steady progress in financing Self-Helf Group's.

TDCB is a leader among C-operative banks in financing SHG's. As at the end of 31.3.2015 TDCB has financed 799 SHG's to the tune of 17.35 crores.


Loan schemes for SHG's
Purpose

Crop loan is provided to meet all expenses involved in raising crops like Paddy, Banana, Vegetables etc including various agronomic practices.

Eligibility SHG's [including tenant farmers, share croppers.
Quantum of Loan

The loan amount would be fixed based on the scale of finance fixed by DLTC every year. Maximum amount Rs. 3 lakhs per SHG.

Rate of interest

7%

Repayment period

12 months

Insurance

All eligible [notified] crops would be covered by Crop Insurance Schemes of AIC

Other features

Interest subvention/ Incentive for prompt repayment available as per norms

Purpose

DAIRY

For purchase and rearing of high yielding milch cattle, dairy equipments, cattle feed, animal insurance, cultivation of green fodder, transportation of animal, setting of on-farm processing & pasteurization plants, setting up of on-farm bio gas plan etc. Purchase and rearing of cross-bred heifers.

POULTRY / DUCK REARING

For establishing / improving layer / broiler farms and hatcheries including purchase of chicks, feeds, insurance, medicines, equipments, construction of poultry sheds. Also for rearing Ducks / Turkeys / Qualis

GOAT / RABBIT REARING

For purchase and rearing of goats, feed, animal insurance, cultivation of green fodder, transportation of animal, construction of shed et. Also for rearing rabbits and construction / purchase of cages and shed

FISH FARMING

Construction / deepening / widening / desilting of existing ponds, purchase of fingerlings, feed, equipments, manure etc.

DRIP / SPRINKLER / PUMPSET

Purchase of electrical motor, submersible irrigation pumpset, energization of agricultural pumpset, pipelines including installation charges, installation of drip and sprinkler, fertilizer mixtures etc and any other modern irrigation units.

Quantum of loan

Quantum of the loan depends on the savings corpus of the group. First loan to the group should not exceed 6 times of the corpus or the maximum loan amount of Rs. 5 lakhs which ever is less. For repeat loans the maximum amount would be Rs. 10 lakhs or 10 times of the corpus which ever is less. Amount of loan would also be as per unit cost fixed by the government agencies for the place. Loan is project based and disbursed in stages.

Rate of interest

11%

Repayment period

6 years

Purpose

The bank provides TERM LOAN for SHG's for meeting their entire credit requirements like income generation activities, social needs like housing, education, marriage, debt swapping etc.

Quantum of loan

Quantum of the loan depends on the savings corpus of the group. First loan to the group should not exceed 4 times of the corpus. Incase of repeat loans, higher need based loan amount is sanctioned.

Repayment period

The loan is repaid in maximum time period of 36 months.

Requirements

Lending is after assessing the credit worthiness on parameters such as group discipline, regularity of meetings, savings, rotation of funds, maintenance of books of accounts, group record keeping, repayment of loans etc.