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Interest Subvention for loans to Self Help Groups

Objective of the Scheme:

     Loans to women Self Help Groups are provided at 0% rate of interest and men Self Help Groups at 4 % rate of interest. The interest subsidy to banks on behalf of the Self Help Groups groups will be borne by the Government.

 

The scheme of advancing loans to Self Help Groups in Karnataka at 4 % is being implemented from 01-04-2007. Government is providing interest subsidy to cooperative institutions in order to implement the scheme.

 

During 2021-22, as on January 2022, 19548 groups have been provided Rs.729.91 Crore of loans with the loan outstanding of Rs.1626.73 crore from 78172 groups. As on January 2022, Rs.52.77 crore of interest subsidy has been released.

 

 

Last Updated: 21-02-2022 12:46 PM Updated By: Admin



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