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Bank of Maharashtra Self-Help Group Finance

Cash-credit and term-loan finance in progressive doses for eligible , using the group's micro-credit plan and corpus, with published productive-use, collateral, margin, rate and 24-to-84-month repayment rules.

Interest rateEligible DAY-NRLM women SHGs: 7% up to ₹3 lakh; current 9.00% above ₹3 lakh to ₹5 lakh; current 11.00% above ₹5 lakh. Other SHGs, federations and NGOs: current 11.00% p.a.Finance / dose basisNo universal cap. First dose/year is 6× corpus or at least ₹1.5 lakh; second 8× corpus or at least ₹3 lakh; third at least ₹6 lakh; fourth onward above ₹6 lakh by MCP and credit history. Published no-collateral rules extend through ₹20 lakh.TenureTerm-loan dose 1: 24–36 months; dose 2: 36–48; dose 3: 48–60; dose 4 onward: 60–84. Cash-credit minimum ₹6 lakh route runs three years with annual drawing power.
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Quick eligibility check

Bank of Maharashtra Self-Help Group Finance

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: No salary floor?

Published source: Eligibility / activity history

2Do you meet this requirement: Normally six active months plus Panchasutras and NABARD grading?

Published source: Eligibility / activity history

3Do you meet this requirement: revived groups need three active months?

Published source: Eligibility / activity history

4Do you meet this requirement: An SHG must normally be active for at least six months, follow Panchasutras and meet NABARD grading?

5Do you meet this requirement: A revived defunct SHG may qualify after three active months?

6Document checkDo you have this required document or proof: SHG books proving active existence?

Published source: Eligibility / activity history

7Document checkDo you have this required document or proof: Micro Credit Plan?

Published source: Eligibility / activity history

8Document checkDo you have this required document or proof: Meeting, savings, inter-loaning and repayment records?

Published source: Eligibility / activity history

9Document checkDo you have this required document or proof: Up-to-date books of account?

Published source: Eligibility / activity history
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byBank of Maharashtra

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeCash credit, term loan or both, delivered in repeat doses to eligible SHGs.View source
Both facility routes and repeat-dose structure published.
Source
Financing to Self Help Groups
Page / section
Facility; Quantum
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateEligible DAY-NRLM women SHGs: 7% up to ₹3 lakh; current 9.00% above ₹3 lakh to ₹5 lakh; current 11.00% above ₹5 lakh. Other SHGs, federations and NGOs: current 11.00% p.a.View source
All published cohorts/slabs calculated where benchmark-linked.
Source
Finance and current notice
Page / section
Rate; page 1
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkOne-year MCLR 9.00%; above ₹5 lakh and other SHG/federation routes add BSS 0.50% + 1.50%.View source
Current benchmark applied to all exact linked formulas.
Source
effective 25.07.2026
Page / section
Page 1
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNot published.View source
No fee-inclusive appears.
Source
Finance
Page / section
Complete page and schedules
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Eligibility / activity historyNo salary floor. Normally six active months plus Panchasutras and NABARD grading; revived groups need three active months.View source
All group-history conditions preserved.
Source
Finance
Page / section
Eligibility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Finance / dose basisNo universal cap. First dose/year is 6× corpus or at least ₹1.5 lakh; second 8× corpus or at least ₹3 lakh; third at least ₹6 lakh; fourth onward above ₹6 lakh by MCP and credit history. Published no-collateral rules extend through ₹20 lakh.View source
Every dose/drawing-power threshold retained.
Source
Finance
Page / section
Limit / Loan Quantum
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureTerm-loan dose 1: 24–36 months; dose 2: 36–48; dose 3: 48–60; dose 4 onward: 60–84. Cash-credit minimum ₹6 lakh route runs three years with annual drawing power.View source
All four dose tenures and CC period preserved.
Source
Finance
Page / section
Repayment; Cash Credit
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeGovernment-sponsored working capital: nil. Other agriculture cash credit: nil up to ₹5 lakh, then 0.35% p.a. Term loan: nil up to ₹5 lakh, then 1% to ₹25 crore.View source
Exact facility and government-sponsored tariff rows retained.
Source
Service Charges
Page / section
pages 80-81
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / takeover chargeTerm loan: 2% when prepayment exceeds 25% of sanctioned limit; cash credit: 2% of sanctioned limit only on takeover by another institution. MSEs are exempt.View source
Both facility-specific rules retained.
Source
Service Charges - All Credit
Page / section
Prepayment rows
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Cash credit, term loan or both
  • Repeat doses increase with corpus, performance and micro-credit plan
  • No collateral up to ₹20 lakh
  • No margin up to ₹10 lakh
  • 7% subvented rate up to ₹3 lakh for eligible DAY-NRLM women

Eligibility

  • An must normally be active for at least six months, follow Panchasutras and meet grading. A revived defunct may qualify after three active months. Productive-use shares rise to 50% above ₹1 lakh, 75% above ₹4 lakh and 85% above ₹6 lakh.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • books proving active existence
  • Micro Credit Plan
  • Meeting, savings, inter-loaning and repayment records
  • Up-to-date books of account
  • grading evidence
  • DAY-NRLM/federation/support-agency appraisal where applicable
  • Application, and group-authorisation documents

Related official documents

Marginal Cost of Funds Based Lending Rates with effect from 25.07.2026official-pdf · current · accessed 31 Aug 2026
↗
Bank of Maharashtra Service Charges - Commercial, MSME and Agriculture Creditofficial-pdf · current · accessed 31 Aug 2026
↗
Financing to Self Help Groupsofficial-product-page · current · accessed 31 Aug 2026
↗

Plan before applying

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

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Facility · Published detailCash Credit and Term Loan

This value is copied from Self-Help Group Finance - complete published scheme table. Check the table notes before relying on it.

Source: Financing to Self Help Groups · Complete table Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 9 rows · 2 columnsSelf-Help Group Finance - complete published scheme tableView tableHide table

Scroll sideways to view every column

Self-Help Group Finance - complete published scheme table
ParticularPublished detail
FacilityCash Credit and Term Loan
PurposeMember social needs, debt swap, housing/toilets, sustainable livelihoods or viable common activity by
Productive useAbove ₹1 lakh 50%; above ₹4 lakh 75%; above ₹6 lakh 85%
Eligibility6 active months, Panchasutras, grading; revived defunct 3 active months
CC drawing power3-year ₹6 lakh minimum route; year 1 6× corpus/min ₹1.5 lakh; year 2 8×/min ₹3 lakh; year 3 min ₹6 lakh by ; year 4+ above ₹6 lakh by /history
TL dosesDose 1 6× corpus/min ₹1.5 lakh; dose 2 8×/min ₹3 lakh; dose 3 min ₹6 lakh; dose 4+ above ₹6 lakh by /history
Margin/securityTo ₹10 lakh no collateral/margin/lien/deposit; ₹10-20 lakh no collateral/lien, cover, margin up to 10% only on amount above ₹10 lakh
RatesDAY-NRLM women: 7% to ₹3 lakh, 1Y ₹3-5 lakh, +BSS 0.50%+1.50% above; other /federations/NGOs same linked formula
RepaymentDose 1 24-36 months; dose 2 36-48; dose 3 48-60; dose 4+ 60-84; monthly/quarterly
Financing to Self Help Groups · Complete table · accessed 31 Aug 2026Open official source ↗
Table 2 · 5 rows · 3 columnsBank of Maharashtra MCLR effective 25 July 2026View tableHide table

Scroll sideways to view every column

Bank of Maharashtra MCLR effective 25 July 2026
TenorResidual maturity p.a.
Overnight1 day7.30%
One month>1 day to 1 month8.30%
Three months>1 to 3 months8.55%
Six months>3 to 6 months8.90%
One year>6 months9.00%
effective 25.07.2026 · Page 1 · accessed 31 Aug 2026Open official source ↗

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