Mahila Adhikarita Yojana (MAY)

Printer-friendly version
 
  • Under the Mahila Adhikarita Yojana (MAY) loan is provided  through State Channelizing Agencies (SCAs), Regional Rural Banks (RRBs) and  Nationalized Bank to the target group.
  • Loan under this schemes  is provided to Safai Karamchari and Scavenger women and their dependant daughters for projects with a maximum project cost upto Rs.75000/- for small and petty trade/business and sundry income generating activities.
Interest Rate:
Maximum Limit Interest Chargeable from
  SCA Beneficiary
Upto Rs.75,000/- per beneficiary / unit 2% p.a. 5% p.a.
  • Promoter’s contribution is not insisted upon from the beneficiaries under MAY Scheme.
  • Loan component from NSKFDC can be provided upto maximum of 90% of the unit cost and the remaining 10% is to be provided by the State Channelising Agencies in the form of loan, subsidy or from any other available sources of funds.

 
Repayment period:5 years after implementation period of 3 months and moratorium period of 6 months.