
Income Generation Loan
Loan Overview
Purpose: To empower individuals and businesses with the financial support needed to start or grow income-generating activities, enhancing economic stability and self-sufficiency.
Maximum Loan Amount: Rs. 200,000
Maximum Tenure: 24 months
Interest Rate: 20% (Annual)
Service Charges: Applicable
Security: Guarantors/Mortgage/Pledge
How the installment can be paid: By standing orders or through cheque payments
CRIB check: Needed
Applicable for: Person with a permanent income.
Required Documents
- NIC (National Identity Card) Copy
- Certificate of Residence (Gramanilaghari Certificate or Bill)
- Copy of Passbook Front page
- Affidavit
- Paysheet
- Letter which describes the reason for the loan
Guarantors
- Government guarantors – 01 (NIC copy and Pay sheet)
- Guarantors employed in the private sector – 01 (NIC copy and Pay sheet)
- Wife or Husband (If married) – (NIC copy and Pay sheet if needed)
- If the income of the borrower is insufficient, two neighbors should sign as guarantors (NIC copy of those two)