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Micro-Credit |
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Currently Nirantara is offering micro-credit only for
productive purposes. Loans are being given to over 100
activities broadly categorized under 4 sectors such as
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Agriculture allied,
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Production,
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Trading &
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Services (including transportation) |
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Sr. |
Product |
RoI |
Other charges (INR( |
Loan size
(In INR) |
Loan Tenure (cycle) |
Remarks |
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1 |
Income Generation Loan (IGL-50) |
15% Flat |
Membership Fee-100/-
Loan Management Fee-2% of loan
Insurance Premium-100/-
Insurance Service Fee-50/- |
Maximum 8,000/-. 12,000/- and
16,000/-during first 3 cycles respectively
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50 weeks |
Loan amount depends on the activity and
cycle |
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Micro-Insurance |
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Nirantara is offering life insurance coverage for our
member as well as her spouse / family member. Though the
scheme covers only one Life Insured (LI), we are
covering both member as well as her spouse (LI).
Name of the Product:
Janashree Bima Yojana (JBY)
Partner Insurance Company:
LIC of India
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Purpose of loans: |
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Nirantara Community Services has advanced microcredit to
over 100 micro activities
for
various purposes under 4
broad heads –
Agriculture
& Allied, Production, Trading & Services (including
transportation). Various activities under each sector
are as
follows:
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Sector |
Activities |
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Agriculture and allied |
Purchase of Buffalos, Cows, Bulls & Goats,
Poultry
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Production |
Bakery items, Saree works, Furniture,
Inscense sticks, Bidri handicrafts |
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Services |
Auto Rickshaw purchase/repair/fitness,
Tea/Tiffin Hotel, Stitching & Pico-Fall,
Plastering & Centring works, Cycle Taxi
Shop, Motor Garage,
Carpentry,
Electrical & Electronic works, TV Repairing
& assembling, Gold
smithy,
Copper works, Tiles work, Plumbing,
Painting, Watch repairing, Hair
Dressing
Saloon, Welding, Auto Parts, Laundry, Bag
stitching & rexin works,
Steel
works, Vehicle Body building, purchase of
taxi & trolley vehicles,
repairing
& accessories for vehicles, Videography |
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Trading |
Grocery shop, Beef Shop, Fruit Business,
Vegetable Business, Har Ek Maal
(Multiple
products for same price), Pan Shop, Cloth
Business, Flower
Business,
Fuel Wood Sale, Steel Utensil Business, Pork
Shop, Scrap
Business,
Bangle Store, CD Rent & Sales, Building
Construction Materials &
Paint
shop, Honey Business, Fish Business, Foot
wear shop, Groundnut
business,
Sweet Shop, Mehendi Business, Pickle
Business
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