Loan Schemes for Women by Vijaya Bank

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Loan Schemes for Women by Vijaya Bank
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Loan Schemes for Women

• Vijaya Bank has always been at forefront when it
  comes to schemes for womens empowerment.
• Some special loan schemes for women offered by
  Vijaya Bank are
• ARWIND (Assistance To Women In Non Farm
  Development)
• MAHIMA (Assistance For Marketing Of Non Farm
  Products Of Rural Women)
• Vijaya Mangala Scheme
• V Swashakti

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ARWIND (Assistance To Women In Non Farm
Development)

• This scheme is for providing financial assistance
  to rural women in Non-Farm Development.
• There are basically 2 divisions
• Credit component
• Promotion component
• Eligible activities
• Decentralized projects under 15 lakhs are
  preferred.
• Scheme is eligible for activities like
  processing, servicing and manufacturing.
• Security Except for hypothecation of assets
  created out of the loans, no collateral
  security/third party guarantee or margin money
  will be insisted for loans upto Rs.25000/- per
  borrower.
• ROI RBI/NABARD will specify the interest rate
  from time to time.
• Repayment 3 to 10 years with a moratorium of 6
  to 12 months.
• Special conditions As per the norms of the scheme

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

• The main aim is to assist agencies like the
  Non-Governmental Organisations (NGOs), Registered
  Voluntary Agencies (VA) and other organizations
  who market products of rural women in the form of
  loan and grants.
• Eligibility
• The marketing agency should have at least 3 years
  track record and also satisfy the rules set by
  RBI/NABARD prescribed from time to time.
• Security and Margins As per bank norms.
• Refinance NABARD provides 100 refinance for
  loans with a maximum limit restricted to Rs.10
  lakhs.
• Quantum of grant / Assistance Limited to Rs.2.50
  lakh per agency.

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Vijaya Mangala Scheme

• For women home loan borrowers.
• Eligibility
• Home loan borrowers wife
• For joint accounts, wife is eligible for this
  scheme.
• Personal loan can be availed jointly in case the
  loan is taken jointly in the name of females.
• Loan amount 3 Lakhs maximum or 10 of home loan
  sanctioned, whichever is lower.
• Security Property already mortgaged for housing
  loan is continued as the security.
• Guarantor Personal guarantee of spouse/all
  co-borrowers.
• Repayment Maximum of 60 EMIs provided the loan
  should not exceed the existing home loan due date.

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V Swashakti

• Financial assistance is provided to women
  Entrepreneurs who are into Small Business,
  Professional or Self Employed and Retail Trade.
• Eligibility
• Women are above 18 years of age.
• Loans are made available for both
  partnership/proprietary firms.
• Quantum of Loan 5 Lakhs maximum.
• Guarantor Personal guarantee of the partners
  involved.
• Repayment 5 years max and working capital up to
  18 months which is subjected to annual review.

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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