Sanmati Bachat Gat
Sanamti Mahila Swayamrojgar Karj Yojana have started to give loan for women's who are interested in doing their own business to make them independent.Financial Inclusion scheme of Reserve Bank have started for needy people in society.In National Conference, Governor of Reserve Bank Shri.Subbbarao told out of total country 40% people do not get bank benefits,so it is essential to take efforts.Ex.Governor of Reserve Bank have appoint a committee named On Financial Inclusion of India.Reserve Bank of India have started Financial Inclusion scheme for those people who do not get basic facilities of banks.This commission studied economic condition of people and started some scheme.No Frill is one of the scheme where women's can open her account with minimum balance and get Micro Finance benefits.
Women's were given opportunity to make them self-employee.
To increase economical level.
To increase self-respect among women's.
Increase confidence among women that they can change their economic condition.
To encourage women's for saving money.
Rules and Regulation for Sanmati Mahila Karj Yojana :
Participation of women's is main moto of Bachat Gat.
All members of Bachat Gat should have saving account in bank.
Membership fee will be Rs.1000/-
Reference of Director and Advisor is necessary.
Bank can grant first loan of Rs.16,000.If women can return loan on time then she can get loan upto Rs.50,000.
Loan eligbility is decided based on supported documents.
Documents Required :- K.Y.C.
All members of Bachat Gat should grant permission to withdraw loan.
Bachat Gat is responsible to return loan on time
Each group consists of 10 to 20 members only.
Group members can elect their own group President,Vice-President and Secretary.
Agreement,Bond an confirmation letter should be attached.
Xerox copy of Processing book
Branch Executor should check out Bachat Gat book and installment register.Then stamp it.