Headlines
Portfolio surpassed Rs.37 Crore || Twenty-fifth Branch of BJS at Shivmandir in Darjeeling district || We have reached at our sixth district at Darjeeling || The Official Logo changed || More than 35,000 active members. || Sixteen Financial Partners. || Nine Public Sector Banks as Financial Partners. || CoCA Grade “M4C2” || Rating Grade “MFI 3+”

Shilpi

PRODUCT INFORMATION : Catalytic
Loan Product Name : Shilpi
Brief Description : This loan product is exclusively designed for the poor women in underserved areas who engaged in artisan and handicrafts activities but do not have enough own capital to run the business.
Target Clients :
  • Women who are engaged in artisan and handicrafts activities.
Criteria of a client :
  • The above mentioned women who engaged in small income activities.
  • Between 18-58 years old
  • Should have a income generating activity
  • Household income should not be more than ₹1,00,000 & ₹1,60,000 per annum in rural and urban areas respectively.
  • Not have outstanding account with more than one MFI.
  • Total indebtedness should not exceed ₹1,00,000
Purpose :
  1. Manufacturing – Furniture, Basket Making, incense stick making, Doll making, Blacksmith, Jewellery making etc.
  2. Handicrafts – Weaving, Tailoring, etc.
  3. Artisan – Potter and cutlery etc.
Lending Methodology : Individual (through Group)
Loan Ceiling : Maximum ₹40,000
Minimum ₹10,000
Subsequent increase amount : Maximum ₹5,000 from previous loan amount depends on evaluation marks)
Tenure : Maximum Two year
Minimum One year
Interest & Fees : Rate of Interest 26% p.a. on reducing balance
Processing Fees 1% on loan amount
Insurance Fees 0.50% on loan amount
Mode of Repayment : Weekly/Fortnightly/monthly as per borrower choice

News Update

Our Achievements

As on 30th November 2017
No. of Branches : 25
No. of Districts : 6
No. of Blocks : 45
Total Staff Strength : 130
No. of Frontline Staff : 83
No. of Active Groups : 2,199
No. of Active Members : 35,229
No. of Active Borrowers : 27,440
Cummulative Loan Disbursed (in Lakhs) : 23,803.99
Loan Portfolio (in Lakhs) : 3,777.75
Average Loan Size on outstanding : 13,767
On time Repayment Rate : 99.89%
No. of Loans per Credit Officer : 331

Where We Work