Entrepreneurship and Regional Development by Unknown
Author:Unknown
Language: eng
Format: epub
ISBN: 9783030455217
Publisher: Springer International Publishing
Credit facilities
⢠According to government policies, SHGâs 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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