Home  |  Webmail Login  
  IDF Home
News Updates
more news...  

Credit (Loans)

Interim Loan product:

To meet emergent consumption needs of existing mSHG members interim loan product with a limit of Rs.5,000-Rs.10,000/- is introduced. The existing mSHG members whose existing loans are regular and they are in need of loan to meet their urgent and immediate requirements such as school/college fees, Medical emergencies etc., the Interim Loan product is very useful.


When the business activity graduates to higher scales, the credit requirement increases and can’t be met under existing schemes because of RBI guidelines. Hence, we have introduced a individual loan product IDF-Pragathi to take care higher business loan requirement outside preview of RBI guidelines. The loan amount under the scheme shall be up to Rs..1,50,000/- repayable in 24-36 months.

IDF-Ashraya a Micro Housing loan

There was a long pending demand for housing loan by our members for construction of new dwelling unit in rural and semi-urban areas.As the credit needs are very small, Banks are reluctant to meet such a demand for housing loan. So, to meet such demand we have introduced a micro housing loan product IDF-Ashraya with a limit of Rs.50,000/- for construction of small dwelling unit. The loan is repayable in 48-60 months.
mSHG Loans

Productive Purposes : Setting up/expansion of Micro Enterprises, service and business activities, Agri input purchasing, animal husbandry activities, etc,
Consumption Purposes : Children education, health care, repayment of past debts, religious functions
Asset Creation : Purchase of consumer goods, bicycle, repair of house/purchase of site

Loan Terms mSHG Loans
Cycle I Cycle II Cycle III
Max Loan Amount in Rs 15000-20000 per Member 20000-30000 per Member 30000-40000 Per Member
Repayment Period in months 12 24 24
Rate of interest in Karnataka 24% 24% 24%
Rate of interest in Maharashtra 25% 25% 25%
Service Charge 1% 1% 1%

* Rates effective from 01st June 2012.

Individual Loan - Abhyudaya

This loan product is for individuals who don’t want to be a part of mSHG for availing credit facilities. The group members who have promptly repaid their 1st and 2nd cycle loan as a member of mSHG and are in need of higher loan amount to run their income generating activities, are eligible for loan under ‘Abhyudaya’ scheme. The maximum loan amount shall be Rs.60, 000(INR Sixty Thousand only) repayable in 24-36 monthly installments. For details contact our nearest Branch.

It is a fundamental operational unit consisting of 10-15 members belonging to a given locality and having homogenous socio-economic background.Read more..
  • Handling investment
    portfolio for SHG savings.
  • IDF SHG Federations will recommend disbursal
    of emergency loans to
    the extent of SHG
    savings from IDF FSPL
IDF FSPL believes in equality of opportunities. There is no discrimination on the basis of caste, creed or religion. We believe in women empowerment and
almost all the loans are
disbursed to women.