Wednesday, December 28, 2005
BASIX, a new generation rural livelihood promotion institution, has come out with two new products for the self-help groups (SHGs).
One of the products is micro-credit plus capacity building product and the other a health insurance product.? The products were launched at the national conference on ?Emerging opportunities at the bottom of the pyramid ? Transforming the Indian rural economy through profitability?.
The micro-credit product involves a loan of up to Rs one lakh at a declining interest rate of one percent per month. The repayment period varies between 18 and 36 months. The product will be offered in 40 districts in states where it operate and includes Andhra Pradesh, Tamil Nadu, Rajasthan and so on. It involves a training component wherein good management skills would be transceded for running SHGs to the members.