Through a group loan, you can essential items, which are repaid in installments

What is Joint Liability Loan?

A Joint Liability Loan is a financial product taken out by multiple individuals, where each borrower is jointly and individually responsible for repaying the total loan amount. This means that if one borrower defaults, the remaining borrowers must still ensure the loan is repaid. This type of loan is particularly beneficial for individuals seeking to borrow a larger sum but may not qualify on their own. It also allows borrowers to share the responsibility of repayment, making it a practical option for collaborative financial efforts.

Sandhyai Mahila Uraban Credit Co-op. Society Ltd. offers a specialized financial assistance loan aimed at women in both rural and urban areas. In this scheme, the responsibility for repayment lies with both the individual member and the group as a whole. Our objective is to empower women to pursue small and medium businesses, ultimately enhancing their standard of living and fostering economic progress.

Sandhyai Woman Entrepreneur Empowerment Scheme (SWEES)

With the aim of encouraging women entrepreneurs and supporting their business journeys, Sandhyai Mahila Urban Credit Co-op Society Ltd. has launched the Sandhyai Woman Entrepreneur Empowerment Scheme. This strategic initiative provides microfinance to women entrepreneurs from marginalized sections of society, particularly those from backward classes. The scheme focuses on women’s empowerment by identifying targeted beneficiaries and offering loans directly or through Self-Help Groups.

Objective:

• Encourage Women Entrepreneurs: Support the initiation of new projects or the expansion and modernization of existing units.
• Empower for Income Generation: Facilitate women in generating income through activities in manufacturing, services, trading, or small enterprises.

Target Profile:

New and existing women entrepreneurs operating micro or small enterprises engaged in manufacturing and services.

Eligibility Criteria:

• Women entrepreneurs who own existing or new MSMEs, Tiny Units, or SSIs.
• Financial holdings must be 100% engaged in manufacturing and production.
• Not a defaulter to any bank or financial institution.
• MSMEs or tiny enterprises engaged solely in services, trading, or manufacturing sectors.
• A minimum investment of at least 20% of the project cost is required.
   

  Join us in empowering women entrepreneurs and fostering sustainable business growth!