SGSs are associated with banks through NGOs, for the opening of savings accounts and for their credit needs. Banks lend credit to SGH after assessing their creditworthiness on parameters such as group discipline, regularity of meetings, savings, fund rotation, bookkeeping, group accounting, credit repayment, etc. The loan must be repaid within a maximum of 36 months. A new loan may be granted subject to compliance with the sanction criteria. The following documents must be obtained/verified by SHG before renewing credits: KYC Documents To calculate the same, click here to download the APR machine. The APR calculator does not contain fees such as stamp duty. An SHG is entitled to a maximum loan amount of 7,50,000 loans transferred by other banks and cases here Bank, up to 10.00,000 loans. Under the SBLP, 10 to 20 people are organized into groups known as SELF-help groups (SHG) of NGOs, commonly known as self-help organizations (SHPI). SGSs are also encouraged to engage in subsistence activities for which some NGOs offer qualifications.

SHG members are encouraged to save money in an emergency and borrow in-house. SHP also offers knowledge on the management of account books. Self-help groups (SHGs) are a homogeneous group of 10-20 people who unite to save each other and help each other in an emergency. The members of the group work in subsistence activities such as operating a retail store, breeding, Zari`s work, sewing, making candles, art jewelry, etc. Each individual saves a fixed amount each month. You can also return to the ICICI bank homepage or the sitemap. Please try again after a while. If the problem persists, please call our customer service numbers or file a claim. Our self help Group-Bank Linkage Programme (SBLP) aims to provide financial products and services to the part of the Indian population that does not have access to the formal banking system. This segment, often derived from lower incomes, meets its financial needs through informal sources such as money lenders, traders, family and friends, etc. However, these sources have their own limitations.