Member must be 6 months old.
Member must submit the following documents:-
A) one cheque of Bank account.
B) The installment will be monthly payable and non-payment of installment on due date will attract 3% penalty per monthly installment.
C) Non-payment of full loan by due date will attract Rs.200 penalty per month.
D)The rate of interest on loan will be @ 15% per annum.
E) The loan period will be for maximum of 10 months.
Note:- BEFORE APPLING FOR ANY KIND OF LOAN MEMBER SHOULD FULFILL THE FOLLOWING CONDITIONS.
1) Share Money sholud be 10% of the loan amount.
2) Compulsory Deposit should be 10% of the loan amount.