Micro lending scheme targeting micro-enterprises
These small borrowers form what is often called “grass roots” lending or micro-credit. These clients often possess good basic skills to sustain a subsistent livelihood but with only a little experience with credit. With careful guidance fishermen, business owners and small farmers and their projects, for example, can develop into better farmers, with bigger projects and a more developed credit and business ability.
Eligibility Guideline – Applicants
Funds are available to support individual borrowers and micro-enterprises to directly increase the productive capacity of the project under the Bank’s existing lending policy.
Types of areas that can be considered for finance are within the Bank’s specific policies for General Crop Development, Livestock Development, Equipment, Small Fishing Projects, Women’s Development and small business etc.