ECONOMICS

Detailed explanation-1: -The SHG members’ inter-se will get a term loan from the group.” repayable in monthly/ quarterly/half yearly instalments in 3-5 years coinciding with cash flow of the activity undertaken by the group. Loan Disbursement : Loan amount can be disbursed fully in ‘cash’.

Detailed explanation-2: -Funding Pattern: DAY-NRLM is a Centrally Sponsored Scheme and the financing of the programme would be shared between the Centre and the States in the ratio of 60:40 (90:10 in case of North Eastern States including Sikkim; completely from the Centre in case of UTs).

Detailed explanation-3: -No lien should be marked against savings bank accounts of SHGs and no deposits should be insisted upon while sanctioning loans. (ii) For loans to SHGs above ₹10 lakh and up to ₹20 lakh, no collateral should be obtained, and no lien should be marked against savings bank account of SHGs.

Detailed explanation-4: -SHG should be practicing ‘Panchasutras’ i.e. Regular meetings; Regular savings; Regular inter-loaning; Timely repayment; and Up-to-date books of accounts; Qualified as per grading norms fixed by NABARD.