Sunday, February 26, 2017
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Revolving Fund and Economic Assistance to Self Help Groups

  • Revolving Fund assistance is given to Self Help Groups for internal lending among the group members.
  • The SHGs are provided with economic assistance for starting income generating activities.
  • Under this scheme Self help groups are eligible to get one time revolving fund and one time assistance for economic activity.

The Subsidy

  • Rs.10,000/- per Self Help Group will be released as a Front End Subsidy for revolving fund.
  • 50% of the project cost or Rs.2.50 lakhs whichever is lower.  The subsidy will be a Front End Subsidy for economic assistance.

 

Hellow Block Bricks Production unit
Cuddalore

Rabbit Farm
Villupuram

 

Eligibility

  • The members of the Self help groups shall belongs to Scheduled caste.
  • The annual family income of the self help group members should not exceed Rs.2.00 lakh each.
  • The self help group should have qualified in the first rating for Revolving Fund.
  • The self help group should have qualified in second rating for Economic Assistance.
  • The member of self help group and their family members should not have availed any subsidy so far.