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Micro Finance - Self Help Groups
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Micro Finance - Self Help Groups

(Bachat Ghat)
Since inception the cause of the Small Man lay at the core of Bank’s heart. Bank has grown manifold but basic values have remained the same. Saraswat Bank has therefore launched a scheme for self help groups so as to help them raise the income levels and improve living standards of their members . The Bank aims at teaching the members of these groups to save and to borrow responsibly.
The Bank caters to the self help groups who are involved in following activities
  1. Selling  fruits, vegetables, milk, fish, etc. 
  2. Making of brooms, basket weavers, and other bamboo products, etc. 
  3. Any other activities viz. plumbing, hairdressing, electrician including flowers/vegetable growers, spices and papad making etc.
 Eligibility Minimum- 10 members; Maximum -20members Operative Savings A/C for minimum 6 months.
Quantum of Finance Upto 4 times the amount in savings account  Or
Maximum 2 lacs per group
Interest Rate PLR-1%
Security Guarantee of Group Members and Third party guarantee on case to case basis.
Repayment period Not more than 60 months
Processing Fees Reasonable
Shareholding Nominal Membership
For further details you may contact our micro-finance dept
Fhone No.- 022 - 24671238-40 / 28725019  
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Saraswat-Bank
Saraswat-Bank