|Product||Term||Loan Size (INR)||Interest Rate|
|Micro Enterprise livelihood initiatives||50 Weeks||10,000,15,000 18,000 & 21,000||24% Diminishing|
|Micro Enterprise livelihood initiatives(Upgrading)||100 Weeks||20,000 – 25,000||24% Diminishing|
|Micro Enterprise livelihood intiatives(Upgrading)||50 Weeks||27,000 & 29,000||24% Diminishing|
|Micro Enterprise livelihood initiatives(Upgrading)||75 weeks||30,000||24% Diminishing|
|Additional Working Capital||25 Weeks||8,000||24% Diminishing|
|Additional Working Capital||50 Weeks||10,000||24% Diminishing|
|Additional Working Capital||50 Weeks||15,000||24% Diminishing|
|Livestock program(NABKISAN)||50 Weeks||24,000||20.75 % Diminishing|
|Repair and Renovation||12 Months||15,000||14.5% Diminishing|
|Toilet Construction||12 Months||15,000||14.5% Diminishing|
|Maternity Loan||20 Weeks||5,000||0% interest|
|Micro Business Loan||36 months||36,000||21% Diminishing|
|Micro Business Loan||100 weeks||50,000||24% Diminishing|
|Semam Family Health Insurance Scheme||30weeks||300||0% Interest|
|Semam Family Health Insurance Scheme||45weeks||450||0% Interest|
|Festival/Functional/Emergency Loan||7-10 Days||10,000,15,000,20,000||1% Interest No Processing Charges|
a) The Member should be a women, who should be above 18 and below 60 years of age and below 60 years of age and should be married.
b) Member’s status should be in below poverty line (BPL).Her family income should not exceed Rs.60/less than 1$ per day/ as per the Government norms.
c) Member should be attending the Regular Weekly center meetings.
d) For new member, the eligibility to get First loan from Mahasemam Trust starts after 1 week from the enrollment.
e) The Existing members should have 80% of attendance and proper loan repayment track on existing loan.
f) Member should intimate to her husband/ Son/ father/ brother/ nominee in membership and borrowing details with Mahasemam Trust and also its credit policies and procedures, as per given 5 days Compulsory Group Training and Group Recognition Test.
g) Members should get signature from her husband Son/ father/ brother/ nominee in membership application and Loan application and it should be verified by our BM/ AM/ DM/ officers from HO.
h) In the center meeting, members should give approval/ pass the resolution to get the loan from / through Mahasemam Trust.
i) The loans are given only for the purpose of doing any existing IGP activities in the prescribed manner or start to new income generating business. There is no collateral to back these loans and repayment is ensured through group responsibility and
j) The loan should be used by the member as per the purpose given in the loan application.
k) During the time of appraisal and asset verification, the purpose of loans should not be in difference between the loan application and actual.
l) Members debt outstanding limit should not exceed Rs.60,000/- (for new clients), Rs.!,00,000/-(for existing clients) and member should not be a member in more than two different NGO / MFI/ any other financial institutions, including Mahasemam Trust.
m) Member can avail loan only their own IGP business or for their husband/ son/ daughter, especially for their family growth.
n) The loan amount Rs.10,000/- Rs.15,000/- Rs.18,000, Rs.21,000/- Rs.24,000/- Rs.27,000/- and Rs.29,000/- allotted for IGP activities.
o) The interest rate 24/-(Diminishing)(as per table-1) fixed for IGP loans, ( as per prescribed loan passbooks) and the Members should not pay any advance payments.
p) There was no extra charges collected for foreclosure/ prepayments and etc.,
q) Mahasemam does not collect any other charges/ hidden charges, other than members and their nominee’s life insurance charges.
Livelihood Generation Program
Mahasemam has trained its members to marketed products like semam soap‚ semam shampoo‚ semam oil‚ semam coffee powder‚ semam match box and other products to the community. Mahasemam procures these quality products from manufacturers‚ who produce it as per the given specification‚ adhering to highest quality standards‚ which is then market under the brand name “Semam”. The members earn a decent profit from the sale of these products
Biogas & Bio diesel generation
Mahasemam is the first MFI in India to start with Bio diesel and Bio gas projects for generation of clean eco friendly energy and well as employment generation. Members will get an additional source of income by cultivation of Jatropha plant, which would give the basic raw material for the bio diesel. Mahasemam has a buy back arrangement with the members, which will ascertain a steady income for the cultivators.
The cultivation of Jatropha is well suited to the climatic and soil conditions prevalent in Southern Tamilnadu, which has arid weather and low fertility soil . The Jatropha seeds have 40% oil content . The oil content is 25-30% in the seed and 50-60% in the kernel. Jatropha saplings starts yielding the in the first year after plantation .After the first five years, the typical annual yield of Jatropha tree is 3.5 kgs of Beans. The tree is productive for 30-40 years. 4 kgs of seed is required to produce one litre of Bio Diesel. As per realistic estimates, one hectare of Jatropha plantation can yield up to 2.2 -2.7 tons of oil . The pressed seed cake which is the by-product left after the oil is pressed out from the seed, is very rich in nitrogen and thus very good manure for agricultural fields. The remaining oil is used to make skin friendly soap.
Thus Jatropha not only meets the rural energy needs but also protects the environment and generates gainful employment.
There will be four business opportunities for involvement of the interested stakeholders
- Plantation of Jatropha.
- Collection of oil bearing seeds
- Processing of seeds to produce oil and seed cake, processing of cake to get Bio Gas and Bio Fertilizer.
- Manufacturing of Bio-diesel