Know about WBSCL
WBSSP Interest Subvention norms for NRLM & NULM loans FROM WBSCL (UNDER SHG & SE DEPT, GOVERNMENT OF WEST BENGAL)
A. Applicable to all Women SHGs
1. Category – I [ 8 identified Districts Viz. Puruliya, Bankura, Birbhum, Purba Medinipur , Paschim Medinipur, South 24-Parganas, Alipurduar & Coochbehar ] :
o Banks sanction loans to SHGs @ 7 % p.a. interest rate and claims the interest subvention through Canara Bank (Nodal Bank under NRLM) from GOI @ (Lending rate – 7) % subject to maximum 5.5%.
o Banks claim additional interest subvention from GOI @ 3% for those SHGs who repay loan promptly
Banks further submit additional subsidy claim of 2% to WBSCL (under SGH & SE Dept., Govt. of WB) so that the effective ROI comes down to 2% p.a.
WBSCL releases subsidy directly to SHG Account under DBT.
2. Category – II [ Rest 15 Districts ] :
o Banks sanction loan to SHGs as per their current lending rate to all SHG applicants
o GOI provides interest subvention to the Banks through Canara Bank (Nodal Bank) @ (Lending rate – 7) % subject to maximum 5.5%
o Banks claim this amount through WBSRLM portal
Banks further submit additional subsidy claim of 5% to WBSCL (under SGH & SE Dept., Govt. of WB) so that the effective ROI comes down to 2% p.a.
WBSCL releases subsidy directly to SHG Account under DBT.
B. Applicable to Male or Mixed Gender SHGs COVERING ALL DISTRICTS
o Banks sanction loan to SHGs as per their current lending rate to all type SHGs
o No subvention from GOI & Subsidy is provided by GoWB only
Banks submit subsidy claim @ 9% to WBSCL for those who repay loan promptly
WBSCL releases subsidy directly to SHG Account under DBT.
NULM: