Entrepreneurship and Regional Development by Unknown

Author:Unknown
Language: eng
Format: epub
ISBN: 9783030455217
Publisher: Springer International Publishing

Credit facilities

• According to government policies, SHG’s are linked to micro-credit facilities through nationalized banks.

• NABARD also provides great financial support for rural development

• ORMAS provides Rs.1 lakh as a corpus fund for each SHG. This fund is used as a working capital for the SHG

• Banks also provide loans to the SHG at a 12% interest rate. This helps the artisans to get financially stable and secure

• Once the SHG returns the loan, they become eligible for a higher amount of loans to expand their businesses, purchase raw materials, transportation and other expenses

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