Micro Finance Programme for MFIs/NGOs.loan, deposit


Ministry

Ministry of micro, small and medium enterprises

Description

The Union Government has launched a scheme of microfinance and tied up with the existing programme of SIDBI by way of contributing towards security deposits required from the MFIs/NGOs to get the loan from SIDBI. The scheme is being operated in the under-served States and under-served pockets/districts of other States.

Sponsored By

Central Government of India

Objective

Contribution towards security deposits required for SIDBI loan

Eligibility

MFIs/NGOs

Beneficiaries

MFIs/NGOs

Benefits

The government of India provide funds for microfinance programme to SIDBI, which is called ‘Portfolio Risk Fund’(PRF).At present SIDBI takes fixed deposit equal to 10% of loan amount. The share of MFIs/NGOs is 2.5% of loan amount (i.e., 25% of security deposit) and balance 7.5% (i.e., 75% of security deposit) is adjusted from funds provided by the Government of India.

How To Apply

A Udyami Helpline: Dial 1800-180-6763 [Toll Free Number] for queries relating to this Schemes.

Contact to SIDBI

Status

Active

Sector

Micro, small and Medium enterprises



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