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 Online Services |
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 Priyadarshini Yojana
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With a view to empowering women by providing credit to women entrepreneurs, a scheme called ‘Priyadarshini Yojana’ was launched in 1989. Under ‘Priyadarshini Yojana’ women entrepreneurs are extended credit facilities at liberal terms and at concessional rate of interest, for economic activities. The salient features of the scheme at present are as follows:-
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Features
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Eligibility
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Women entrepreneurs, women enterprises where women entrepreneurs hold not less than 51% of the financial holding
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Purpose
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For economic activities like
i) Purchase of equipment, machinery, vehicle, furniture / fixtures etc. for capital investment and working capital needs
ii) Agriculture & Allied activities
iii) Education Loan
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Loan Amount
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Need based depending upon project cost/ turnover etc.
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Margin
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For limit upto Rs.50,000/- - Nil
For limit over Rs. 50,000/-
15% to 20%.
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Rate of interest
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0.5% less than applicable rate for limits upto Rs.50,000.
1% less than applicable rate for limits above Rs.50,000 (This interest rate concession will be applicable if no other interest concession like DRI loan or crop loan with concessional interest rate are available)
Net interest concession in case of education loan would not exceed 2 %.
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Security
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No collateral for advances upto Rs.5 lakh in case of small scale industrial units, if a/c is covered under CGTSI then no collateral including third party guarantee for limit upto Rs.25 lakhs
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Repayment
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Repayment schedule will be spread over 3 to 7 years depending upon the activity
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The spirit of helping women folk in other types of advances by extending concession in rate of interest was also implemented in following cases
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Scheme
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Concession in ROI for women beneficiaries
Other than senior citizens/pensioners
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Star Personal Loan
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0.50%
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Star Mortgage Loan
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0.25%
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Star Auto Finance
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0.25%
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Star Holiday Loan
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0.50%
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Star Education Loan
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0.50%
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