Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | RBI asks banks to extend loans to women SHGs at 7% rate    </title>
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-PTI 


&nbsp;


Mumbai: The RBI today asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during 2015-16. 

&ldquo;All women SHGs will..."/>
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-PTI 


&nbsp;


Mumbai: The RBI today asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during 2015-16. 

&ldquo;All women SHGs will..." />
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                            <div align="justify">-PTI <br /></div><div align="justify">&nbsp;</div><div align="justify"><em>Mumbai: </em>The RBI today asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during 2015-16. <br /><br />&ldquo;All women SHGs will be eligible for interest subvention on credit up to Rs 3 lakhs at 7 per cent per annum. SHG availing capital subsidy under Swarnjayanti Gram Swarojgar Yojana (SGSY) in their existing credit outstanding will not be eligible for benefit under this scheme,&rdquo; the Reserve Bank said in a notification.<br /><br />The commercial banks and cooperative banks will lend to all the women SHGs in rural areas at the rate of 7 per cent in the 150 districts, it said.<br /><br />The revised guidelines on interest subvention scheme under NRLM has been issued after approval from the Ministry of Rural Development, Government of India.<br /><br />As per the guidelines, all banks will be subsidised to the extent of difference between the weighted average interest charged and 7 per cent subject to the maximum limit of 5.5 per cent for the year 2015-16.<br /><br />Further, the SHGs will be provided with an additional 3 per cent subvention on the prompt repayment of loans.<br /><br />For category II districts, comprising of districts other than the above 150 districts, all women SHGs under NRLM will continue to be eligible for interest subvention to avail the loan facility at an interest rate of 7 per cent.<br /><br />The funding for this subvention will be provided to the State Rural Livelihoods Missions (SRLMs) from the allocation for NRLM.<br /><br />&ldquo;In the Category II districts, banks will charge the SHGs as per their respective lending norms and the difference between the lending rates and 7 per cent subjected to a maximum limit of 5.5 per cent for the 2015-16 will be subvented in the loan accounts of the SHGs by the SRLM,&rdquo; it said.</div>                                                           
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    <br><a href="http://www.financialexpress.com/article/industry/banking-finance/rbi-asks-banks-to-extend-loans-to-women-shgs-at-7-rate/199775/" class="re" target="_blank">The Financial Express, 21 January, 2016, http://www.financialexpress.com/article/industry/banking-finance/rbi-asks-banks-to-extend-loans-to-women-shgs-at-7-rate/199775/</a><div class="clear"></div>
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        LATEST NEWS UPDATES | RBI asks banks to extend loans to women SHGs at 7% rate    </title>
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-PTI 


&nbsp;


Mumbai: The RBI today asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during 2015-16. 

&ldquo;All women SHGs will..."/>
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-PTI 


&nbsp;


Mumbai: The RBI today asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during 2015-16. 

&ldquo;All women SHGs will..." />
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                            <div align="justify">-PTI <br /></div><div align="justify">&nbsp;</div><div align="justify"><em>Mumbai: </em>The RBI today asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during 2015-16. <br /><br />&ldquo;All women SHGs will be eligible for interest subvention on credit up to Rs 3 lakhs at 7 per cent per annum. SHG availing capital subsidy under Swarnjayanti Gram Swarojgar Yojana (SGSY) in their existing credit outstanding will not be eligible for benefit under this scheme,&rdquo; the Reserve Bank said in a notification.<br /><br />The commercial banks and cooperative banks will lend to all the women SHGs in rural areas at the rate of 7 per cent in the 150 districts, it said.<br /><br />The revised guidelines on interest subvention scheme under NRLM has been issued after approval from the Ministry of Rural Development, Government of India.<br /><br />As per the guidelines, all banks will be subsidised to the extent of difference between the weighted average interest charged and 7 per cent subject to the maximum limit of 5.5 per cent for the year 2015-16.<br /><br />Further, the SHGs will be provided with an additional 3 per cent subvention on the prompt repayment of loans.<br /><br />For category II districts, comprising of districts other than the above 150 districts, all women SHGs under NRLM will continue to be eligible for interest subvention to avail the loan facility at an interest rate of 7 per cent.<br /><br />The funding for this subvention will be provided to the State Rural Livelihoods Missions (SRLMs) from the allocation for NRLM.<br /><br />&ldquo;In the Category II districts, banks will charge the SHGs as per their respective lending norms and the difference between the lending rates and 7 per cent subjected to a maximum limit of 5.5 per cent for the 2015-16 will be subvented in the loan accounts of the SHGs by the SRLM,&rdquo; it said.</div>                                                           
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        LATEST NEWS UPDATES | RBI asks banks to extend loans to women SHGs at 7% rate    </title>
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-PTI 


&nbsp;


Mumbai: The RBI today asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during 2015-16. 

&ldquo;All women SHGs will..."/>
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-PTI 


&nbsp;


Mumbai: The RBI today asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during 2015-16. 

&ldquo;All women SHGs will..." />
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                            <div align="justify">-PTI <br /></div><div align="justify">&nbsp;</div><div align="justify"><em>Mumbai: </em>The RBI today asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during 2015-16. <br /><br />&ldquo;All women SHGs will be eligible for interest subvention on credit up to Rs 3 lakhs at 7 per cent per annum. SHG availing capital subsidy under Swarnjayanti Gram Swarojgar Yojana (SGSY) in their existing credit outstanding will not be eligible for benefit under this scheme,&rdquo; the Reserve Bank said in a notification.<br /><br />The commercial banks and cooperative banks will lend to all the women SHGs in rural areas at the rate of 7 per cent in the 150 districts, it said.<br /><br />The revised guidelines on interest subvention scheme under NRLM has been issued after approval from the Ministry of Rural Development, Government of India.<br /><br />As per the guidelines, all banks will be subsidised to the extent of difference between the weighted average interest charged and 7 per cent subject to the maximum limit of 5.5 per cent for the year 2015-16.<br /><br />Further, the SHGs will be provided with an additional 3 per cent subvention on the prompt repayment of loans.<br /><br />For category II districts, comprising of districts other than the above 150 districts, all women SHGs under NRLM will continue to be eligible for interest subvention to avail the loan facility at an interest rate of 7 per cent.<br /><br />The funding for this subvention will be provided to the State Rural Livelihoods Missions (SRLMs) from the allocation for NRLM.<br /><br />&ldquo;In the Category II districts, banks will charge the SHGs as per their respective lending norms and the difference between the lending rates and 7 per cent subjected to a maximum limit of 5.5 per cent for the 2015-16 will be subvented in the loan accounts of the SHGs by the SRLM,&rdquo; it said.</div>                                                           
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Home हिन्दी

RBI asks banks to extend loans to women SHGs at 7% rate

Published on Jan 25, 2016   Modified on Jan 25, 2016

-PTI   Mumbai: The RBI today asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during 2015-16. “All women SHGs will be eligible for interest subvention on credit up to Rs 3 lakhs at 7 per cent per annum. SHG availing capital subsidy under Swarnjayanti Gram Swarojgar Yojana (SGSY) in their existing credit outstanding will not be eligible for benefit under this scheme,” the Reserve Bank said in a notification. The commercial banks and cooperative banks will lend to all the women SHGs in rural areas at the rate of 7 per cent in the 150 districts, it said. The revised guidelines on interest subvention scheme under NRLM has been issued after approval from the Ministry of Rural Development, Government of India. As per the guidelines, all banks will be subsidised to the extent of difference between the weighted average interest charged and 7 per cent subject to the maximum limit of 5.5 per cent for the year 2015-16. Further, the SHGs will be provided with an additional 3 per cent subvention on the prompt repayment of loans. For category II districts, comprising of districts other than the above 150 districts, all women SHGs under NRLM will continue to be eligible for interest subvention to avail the loan facility at an interest rate of 7 per cent. The funding for this subvention will be provided to the State Rural Livelihoods Missions (SRLMs) from the allocation for NRLM. “In the Category II districts, banks will charge the SHGs as per their respective lending norms and the difference between the lending rates and 7 per cent subjected to a maximum limit of 5.5 per cent for the 2015-16 will be subvented in the loan accounts of the SHGs by the SRLM,” it said.

The Financial Express, 21 January, 2016, http://www.financialexpress.com/article/industry/banking-finance/rbi-asks-banks-to-extend-loans-to-women-shgs-at-7-rate/199775/

Tagged with: National Rural Livelihood Mission Self Help Groups Gender Equality empowerment SHGs

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