Special Schemes for Woman by Vijaya Bank

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Special Schemes for Woman by Vijaya Bank
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VIJAYA Mangala

• A special scheme for women Home Loan borrowers.
• Purpose Any purpose other than speculative.
• Eligibility
• Wife of home loan borrower.
• If the home loan is taken jointly (husband
  wife) then the wife is eligible.
• In case the loan is taken by joint male
  borrowers, their wives can jointly avail the
  loan.
• Quantum of Loan Up to 3 lakhs or 10 of home
  loan sanctioned, whichever is lower.
• Repayment Maximum of 60 EMIs. However the due
  date should not exceed the home loan tenure
  linked to this loan.

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V Swashakti

• Purpose Providing financial assistance to Women
  Entrepreneurs who are into Small Business,
  Professional or Self Employed and Retail Trade
  through the Credit facilities.
• Eligibility
• Women above 18 years
• Only Resident individuals
• Contribution of the women should be more than 51
  if the business is run on partnership basis.
• Quantum of Loan Maximum Rs.5.00 lakhs
• Repayment
• Term loan Maximum 5 years
• Working capital 18 months (subject to annual
  review)

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Assistance To Women In Non Farm Development
(ARWIND)

• This scheme is developed for assisting rural
  women in non-farming sector on a cluster/group
  basis. Has 2 components
• Credit component
• Promotional component
• Loan assistance should not exceed Rs.50000/- per
  borrower or Rs.10 lakhs for a group activity
  involving 20 rural women.
• Eligible activities Activities like
  manufacturing, servicing, processing (excluding
  breweries producing intoxicants etc) are
  eligible.
• In the interest of larger employment generation,
  tiny and decentralised units costing less than
  Rs.15 lakh will be preferred as satellite units
  and mother unit concept.
• Security As per RBI guidelines, no margin money
  or collateral security/ third party guarantee is
  collected for loans up to Rs. 25000/- per
  borrower except when hypothecation of assets
  created out of the loans.
• ROI It is based on the RBI/ NABARD guidelines
  and changes from time to time.
• Repayment Varies from 3 to 10 years based on the
  cash flow of the scheme, with a moratorium of 6
  to 12 months.
• Special conditions As per the norms of the
  scheme (HOCL40/94)

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Assistance For Marketing Of Non Farm Products Of
Rural Women (MAHIMA)

• Under this scheme, loans and assistance in grant
  is provided to the Registered Voluntary Agencies
  (VA), Non-Governmental Organisations (NGOs) and
  other promotional organisations who are engaged
  in marketing of products made by rural women.
• Eligibility The organisations undertaking the
  business of marketing womens products are
  eligible under this scheme, and they should have
  a track record of working for at least 3 years in
  production /marketing of rural products, and
  should satisfy the terms and norms of the
  financing banks and NABARD, which is prescribed
  from time to time.
• Security and Margins Based on the norms of the
  bank given from time to time.
• NABARD refinance NABARD provides 100 refinance
  for bank loans with a maximum limit of Rs.10
  lakh.
• Quantum of grant / Assistance If the agency is
  able to cover, then the promotional grant
  assistance is normally limited to Rs.2.50 lakh
  per agency.

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VIJAYA BANK

• Vijaya Bank is a PAN India Institution, serving
  diverse sectors of the society
• The Bank offers a bouquet of innovative and
  attractive products and services to its
  customers. It has also incorporated a host of
  latest Digital Banking products, to provide the
  best services to its customers.
• Digital Banking services are
• VPAYQWIK
• Mobile Banking
• Net Banking
• Vijaya UPI
• Twitter banking and many more
• For details, visit https//www.vijayabank.com

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THANK-YOU