Orient Mahila Vikas Yojana Scheme
The Orient Mahila Vikas Yojana Scheme was launched by Oriental Bank of Commerce in India. The main objective of this Scheme is to provide minimum credit needs of Female / Women entrepreneur. Honorable Prime Minister Shri. Narendra Modi launched the Scheme and running successfully. It of one of the best Scheme under Modi Schemes List.
Through this Scheme, women borrowers can attain up to 2% concession on the interest rate. There is no requirement of any collateral security for loans beginning from Rs. 10 Lakhs and up to Rs. 25 Lakhs in case of SSI (Small-Scale Industries).
The Oriental Bank of Commerce has microcredit units which offer doorstep services to women living in village areas.
Eligibility for Orient Mahila Vikas Yojana Scheme
Women Entrepreneurs individually or jointly have a share capital of 51% or more as shareholders/partners/Members of Co-operative Society/ Directors of Private Limited Company are eligible for this Scheme.
Repayment: The repayment period is 5 to 7 years for Term Loan with the maximum prohibition of 3 to 6 months.
Margin
- NIL for up to Rs. 25,000
- 15% to 25% for above Rs. 25,000
Orient Mahila Vikas Yojana Scheme Helpline Numbers: 1800 180 1235, 0124 234 0940