Business & Development Facilitators

Business Facilitators are intermediaries such as, NGOs/ Farmers’ Clubs, cooperatives, community based organisations, IT enabled rural outlets of corporate entities, Village Knowledge Centres, Agri Clinics/ Agri Business Centers, Krishi Vigyan Kendras and individuals like insurance agents, retired bank employees/teachers etc for providing facilitation services. Such services may include

  1. identification of borrowers
  2. collection and preliminary processing of loan applications including verification of primary information/data;
  3. creating awareness about products, provide advice on managing money and debt counselling;
  4. processing and submission of applications to NABFINS
  5. promotion and nurturing Self Help Groups/ Joint Liability Groups/ Producers’ groups ;
  6. post-sanction monitoring;
  7. monitoring and handholding of Self Help Groups/ Joint Liability Groups/ Credit Groups/ Producers’ groups etc.; and
  8. follow-up for recovery. However, they shall not engage in cash handling including disbursements, collections etc.
  9. identification of borrowers

Interest rates on loans

Borrower Category Loan Amount Interest rate (%) Processing fees GST Penal Charges Credit Insurance
SHG’s Upto Rs. 10 Lakh 17.85% 1% of sanctioned amount 18.00% of processing fee Nil Rs 2.92 for Rs. 1000
JLG’s Upto Rs. 10 Lakh 17.85%

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