mSHG Loans
Productive Purposes : Setting up/expansion of Micro Enterprises, service and business activities, Agri input purchasing, animal husbandry activities, etc.
Consumption Purposes : Children education, health care, repayment of past debts, religious functions.
Asset Creation : Purchase of consumer goods, bicycle, repair of house/purchase of site.

IDF-Ashraya a Micro Housing loan
There was a long pending demand for housing loan by our members for construction of new dwelling unit in rural and semi-urban areas.As the credit needs are very small, Banks are reluctant to meet such a demand for housing loan. So, to meet such demand we have introduced a micro housing loan product IDF-Ashraya with a limit of Rs.50,000/- for construction of small dwelling unit. The loan is repayable in 48-60 months.

Individual Loan - Abhyudaya
This loan product is for individuals who don't want to be a part of mSHG for availing credit facilities. The group members who have promptly repaid their 1st and 2nd cycle loan as a member of mSHG and are in need of higher loan amount to run their income generating activities, are eligible for loan under 'Abhyudaya' scheme. The maximum loan amount shall be Rs.60,000 (INR Sixty Thousand only) repayable in 24-36 monthly installments. For details contact our nearest Branch.

IDF-Pragathi:
When the business activity graduates to higher scales, the credit requirement increases and can't be met under existing schemes because of RBI guidelines. Hence, we have introduced a individual loan product IDF-Pragathi to take care higher business loan requirement outside preview of RBI guidelines. The loan amount under the scheme shall be up to Rs.1,50,000/- repayable in 24-36 months.

Interim Loan product:
To meet emergent consumption needs of existing mSHG members interim loan product with a limit of Rs.5,000-Rs.10,000/- is introduced. The existing mSHG members whose existing loans are regular and they are in need of loan to meet their urgent and immediate requirements such as school/college fees, Medical emergencies etc., the Interim Loan product is very useful.

Loan product(s) :

Digital Loans:
Digital Loans is a loan provided to individuals/ businesses by use of technology, data analytics, and online platforms. Unlike traditional loans, which requires physical visits to banks or financial institutions, digital lending allows borrowers to apply, get approved, and receive funds through digital channels such as mobile apps, websites, and online marketplaces. By leveraging advanced technology, automated verification, and data-driven credit assessment, digital lending provides a fast, convenient, and transparent borrowing experience.
The Company has tied up with Fintech cloud Private limited as a (Lending Service Provider) LSP for offering Digital loans. www.fintechcloud.in
Our digital lending platform is designed to make accessing credit simple, efficient, and reliable, helping customers meet their financial needs anytime and anywhere.

Product Details and Terms:
• The Instant Short-Term Personal Loan is offered exclusively to salaried individuals.
• The loan amount ranges from ₹5,000 to ₹1,00,000, with a minimum tenure of 7 days and a maximum of 45 days.
• The pricing, including interest rate and all associated charges, shall be governed by the Company’s Board-approved Interest Rate Policy and disclosed clearly to the customer through the Key Fact Statement and Loan Agreement.
• The Product is offered to customers with monthly income more than Rs. 30,000/- (3,60,000/- Yearly), hence product would not qualify as Microfinance Loans.
• Company shall ensure the regulatory limits applicable to it as a NBFC (if any), shall be complied with at all times.

Rates effective from 01st January 2024, ROI of Karnataka - 26.50%, Maharashtra & Goa, Andhra Pradesh & Telanganga -27.00%.