Self-help Groups as Financial Intermediaries in India ... - Sa-Dhan

Appendix 3 (contd.)OrganisationSIDBILucknowNABARDBombayRMKNew DelhiHUDCONew DelhiHDFCBombayFWWBAhmedabadRGVNGuwahati5. Interest rate(per annum) torecipient6. Maximuminterest ratesfor on lendingto members7. Loanamount permember8. RepaymentPeriod11-12.5%(i) 7.5% for 1sttier institutions(ii) 9% for 2 ndtier institutionsNo ceiling No ceiling Not greaterthan 18%Flexible asdecided bygroups3-5 years withor withoutmoratorium9. Collateral Mortgage ofassets10. Loanoutstanding(Rs.)Aggregateassistance Rs.52.76 crores(March 2000)Flexible asdecided bygroups3 to 5 years withone yearmoratoriumNot requiredCumulativedisbursementsRs. 7.08 crores(March 2001)Flexible asdecided bygroups8% 9%Short term:6-15 monthsLong term: 2-5years withmoratorium ifneeded10% of the loanas margin fromNGO/SHGsCumulativedisbursementsRs.59.79 crores(March 2000)12%Improvement:Rs.10,000Construction:Rs.25,000 to40,000(i) 9% forhousing(ii) 12% formicro-enterprise1. 15%(housing)2. 24% (microenterprise)Decided bygroups. Not toexceed Rs.45,000 (housingloans) and Rs.15,000 (microenterpriseloans)15 years 1. 15 Years forhousing loans2. 3 years formicro-enterpriseloans10% of the loanas deposit withHUDCOn.aLand titledocument (forhousing)(i) Rs. 80 crores(housing);(ii) Rs. 1.1 croresmicro-enterprise(2002)(i)12% to SHGs(ii) 13.5% to NGOsand other forms ofMFIs(iii) 14% to NBFCsAs decided bygroupsFlexible as decidedby groups (atpresent averageloan per individualis Rs. 3,500)Varies between oneand five years withmoratorium of 6months on principalrepayment only.Not required17.41 crores (as on31 March 2001)9%As decided bygroupsFlexible asdecided bygroupsNegotiableNot required2.32 crores(as on 31 March2001)71