Scheme Name: Bank Tie Up Scheme/Direct Loan

State: Chandigarh

Description of the Scheme: Corporation is arranging finance for the eligible women through nationalised banks; by sponsoring the loan application to the various banks

Target group :

Sector of the Scheme:

Eligibility Criteria: 1. Annual family income not exceeding Rs. 3,00,000/-.
2. Age 18 to 55 years.
3. Should be resident of U. T. Chandigarh.
4. Only one member of a family can avail loan.

Nature & Mode of Assistance: Support for a loan Rs.1 lakh is given by the department and after sanction of loans by banks, corporation provides Margin Money limited to Rs.10,000 or 25% of total loan sanctioned whichever is less. Rest of the 75% is provided by the bank.

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply: Social Welfare, Women and Child Development

Whom to Contact: Social Welfare, Women and Child Development