Income Generation Loan (Abhilasha)
Abhilasha stands for “Aspiration”. This unique loan is designed especially for low-income households who aspire to improve their financial well-being.
The primary objective of this loan is to empower women in setting up and expanding income generating activities, smoothen household cash flows and acquire productive assets. A hassle free Bi Weekly repayment option ensures that clients can save from their daily cash-flows and do not face repayment stress.
The loan size ranges from Rs 5,000 to Rs 40,000 with tenure of 26 – 104 Weeks.
The interest rate of this product is 25.71% with 1% upfront processing fee.