IOB STHREE SHAKTHI YOJANA

WOMEN EMPOWERMENT SCHEME

Scheme

Purpose

Loans for construction of household toilets, Ecosan toilets, septic tanks, Repairing/Upgrading toilets - Tiled flooring, Door or rooftop replacements, Squat model to Western type toilets & adding bathroom, Improvement in drinking water facility, purchase of filters/water purifiers, Construction of septic tanks, Establishing bore well, Construction of water storage, overhead tanks, Wastewater system (Drains and soak pits), Rooftop Rainwater harvesting, Wastewater treatment plants, Sludge treatment plant, Water pumps with solar panel.

Eligibility

Target Audience

All Women members of SHGs (Self Help Groups), who have completed one loan from our Bank.

Age Criteria

Minimum 18 years & Maximum 60 years

Other Criteria

Applicant must have a household property in her/ spouse/ father name and toilet must be built within that property only.

Applicant can take loan under this scheme even if there is outstanding in SHG/ JLG loan subject to their repayment capacity and no overdue in the existing SHG/ JLG loan

Financials

Quantum

Minimum: Rs.20,000/- & Maximum: Rs.1,00,000/-

Margin

Nil

Rate of interest

1Y MCLR (8.85% at Present)

Processing charges

Nil

Tenure

Repayment period

Minimum 24 months & Maximum 48 Months

Holiday Period

Nil

Security

Up to Rs.1.00 Lakhs

Only hypothecation of assets created out of bank loan