Particulars Scheme guidelines
Name of Scheme Canara Stree Shakti
Purpose of Loan To finance individual Women SHG members of selected matured well performing DAY NRLM SHGs to graduate them as Women entrepreneur.
  • Women Member from matured well performing DAY NRLM SHGs. (WSHGs more than 2 years old and have accessed at least one dose of Bank loan with timely repayment).
  • Member with minimum 2 year of business record.
  • Beneficiaries shall be identified & sourced by NRLM/SRLM.
Nature of Limit Term Loan/Working Capital Limit
Assessment As per Annexure – III for 30 identified activities
Quantum of loan Minimum: Above Rs. 50,000/-
Maximum: Rs. 5,00,000/-
Rate of Interest As applicable for Mudra/Agriculture Allied scheme as the case may be.
  • Hypothecation of assets created out of Bank Loan.
  • Compulsory coverage under CGFMU.
  • No Collateral security/ Third Party guarantee to be obtained.
Interest Subvention & Reimbursement of CGFMU Fee
  • Reimbursement of credit guarantee fees for loans up to Rs.5.00 lakh for a maximum period of 5 years.
  • 2% Interest Subvention for loans up to Rs.1.50 lakh per borrower for maximum period of 3 years, based on prompt repayments to incentivize good repayment behavior.
Repayment Period Term Loan: 5 Years including 3 months’ repayment holiday
Working Capital: 12 months tenability
Relaxations Waiver of obtention of Last 2 years Balance Sheet / Projected Balance Sheet / Income Tax or Sales Tax return and Quotation for identified 30 activities.
Eligible 30 activities Mushroom Cultivation, High value crop cultivation in Green house / Polyhouse, Dairy Unit, Poultry: 500 Unit Farm of Broiler, Sericulture Unit, Pisciculture unit, Floriculture Unit, Goat / Sheep Farming, Beauty parlor and saloon services, Tailoring shop, Rural Eco Tourism, Restaurant, Internet Café and Photocopy, Tea/Ice Cream/Cool Drinks/Milk shop, Groceries/Stationery store, Cosmetics shop, Fruits and Vegetable shop, Papad/Traditional snacks, Flour mill unit, Oil Processing unit, Handicrafts, weaving, textile bags, covers, baskets etc., Pottery and Ceramics, Artificial jewellery making unit, Bangles glass and lac items, Agarbathi/ Candle making unit.
Documents to be obtained
  • Simplified loan application form
  • KYC Document of Individual
  • KYC document of the unit/ Activity/ Business Enterprise.
  • Forwarding letter by NRLM/ SRLM Officials.
  • Declaration regarding ownership of activity site from owner of the site.
  • Undertaking from Borrower about purchase of article.
Other Guidelines
  • Waiver of Last 2 years Balance Sheet /Projected balance Sheet / Income Tax or Sales Tax return for the above mentioned 30 eligible activities.
  • Comprehensive Insurance policy for the assets created out of Bank finance must be available.
  • No Prior quotation required. Undertaking Letter about purchase of article to be obtained.