Objective To liberate fisher women from the clutches of usurious money lenders and to increase their income. Eligibility Women who are engaged in processing of fish into dry fish, fish feed and other fish based products. Purpose Sorting, grading, drying, processing and selling of dry fish and packed fish. Fish fast food counters, processed food vending stalls with requisite equipments. Breeding and selling of decorative fish for aquarium. Mode of Assistance By way of working capital or term loan for equipments. Amount of Loan Maximum Rs. 10 lacs. Margin Upto Rs. 1.60 lac- nil. Above Rs. 1.60 lac - 15-25% Security Prime - Assets created out of Bank loan and margin amount. Collateral-nil. To be covered under CGTMSE wherever eligible. Rate of Interest Varies from time to time. Presently Upto Rs. 10 lacs: One year MCLR+1.40% Repayment Within 5 years in monthly instalments including initial holiday period not exceeding 3 months. For other details, please contact your nearest IOB branch.
Objective
To liberate fisher women from the clutches of usurious money lenders and to increase their income.
Eligibility
Women who are engaged in processing of fish into dry fish, fish feed and other fish based products.
Purpose
Sorting, grading, drying, processing and selling of dry fish and packed fish.
Fish fast food counters, processed food vending stalls with requisite equipments.
Breeding and selling of decorative fish for aquarium.
Mode of Assistance
By way of working capital or term loan for equipments.
Amount of Loan
Maximum Rs. 10 lacs.
Margin
Upto Rs. 1.60 lac- nil. Above Rs. 1.60 lac - 15-25%
Security
Prime - Assets created out of Bank loan and margin amount. Collateral-nil. To be covered under CGTMSE wherever eligible.
Rate of Interest
Varies from time to time. Presently
Upto Rs. 10 lacs: One year MCLR+1.40%
Repayment
Within 5 years in monthly instalments including initial holiday period not exceeding 3 months.
For other details, please contact your nearest IOB branch.