IndiaBanks.org · independent research

Business, & agriculture finance

DAY-NRLM Self Help Group Finance

Term-loan or cash-credit finance for rural DAY-NRLM self-help groups, from ₹1.50 lakh to ₹20 lakh, with tiered published rates.

Loan amount₹1.50 lakh to ₹20 lakhInterest rate7% up to ₹3 lakh; 1-year MCLR above ₹3 lakh to ₹5 lakh; 1-year MCLR + 1.40% (10.40% p.a.) above ₹5 lakh to ₹10 lakh; 1-year MCLR + 1.20% (10.20% p.a.) above ₹10 lakh; stated range 7%–10.40%Customer typeRural women SHGs promoted under DAY-NRLM
Official product page ↗Compare category

Quick eligibility check

DAY-NRLM Self Help Group Finance

0 of 6 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.

1Do you meet this requirement: Rural DAY-NRLM SHGs active at least 6 months, meeting NABARD/MoRD grading?

Published source: Eligibility

2Do you meet this requirement: micro-credit plan mandatory from third dose onward?

Published source: Eligibility

3Do you meet this requirement: Rural women SHGs promoted under DAY-NRLM?

Published source: Customer type

4Can you provide this required proof: IBA-prescribed loan documents?

Published source: Documents

5Do you meet this requirement: Rural DAY-NRLM SHGs active at least six months, meeting NABARD/MoRD grading?

6Document checkDo you have this required document or proof: IBA-prescribed loan documents?

Published source: Documents
0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 4 Sept 2026 · active
Offered byState Bank of India

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 amount₹1.50 lakh to ₹20 lakhView source
Minimum Loan Amount Rs 1,50,000; Maximum Loan Amount Rs 20,00,000.
Source
Financing Self Help Groups — DAY-NRLM Scheme
Page / section
Loan Amount
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Facility and repaymentTerm loan 24–84 months; cash credit 12 months subject to annual review/renewalView source
Both term loan and cash credit are permitted; term loan 24 to 84 months and cash credit 12 months.
Source
Financing Self Help Groups — DAY-NRLM Scheme
Page / section
Facility
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Interest rate7% up to ₹3 lakh; 1-year MCLR above ₹3 lakh to ₹5 lakh; 1-year MCLR + 1.40% (10.40% p.a.) above ₹5 lakh to ₹10 lakh; 1-year MCLR + 1.20% (10.20% p.a.) above ₹10 lakh; stated range 7%–10.40%View source
Tiered based on outstanding; minimum 7%, maximum 10.40%, average 9.65%.
Source
Financing Self Help Groups — DAY-NRLM Scheme
Page / section
Interest Rate
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
EligibilityRural DAY-NRLM SHGs active at least 6 months, meeting NABARD/MoRD grading; micro-credit plan mandatory from third dose onwardView source
promoted in rural areas under DAY NRLM, active at least six months and satisfying grading parameters.
Source
Financing Self Help Groups — DAY-NRLM Scheme
Page / section
Eligibility Criteria
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Security and marginNo collateral and no margin up to ₹10 lakh; above ₹10 lakh to ₹20 lakh no collateral and margin not exceeding 10%; CGFMU cover above ₹10 lakhView source
No collateral up to ₹20 lakh; margin not exceeding 10% above ₹10 lakh; cover above ₹10 lakh.
Source
Financing Self Help Groups — DAY-NRLM Scheme
Page / section
Security & Margin
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Other chargesNil charges, subject to change under SBI guidelinesView source
Nil charges.
Source
Financing Self Help Groups — DAY-NRLM Scheme
Page / section
Other Charges
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Turnover / vintageNo turnover or business-vintage threshold is published on the complete reviewed official product pageView source
The reviewed pages state customer, activity, land, group, credit-score and account conditions where applicable, but do not publish a turnover or business-vintage threshold for these products.
Source
agriculture product catalogue and linked official product pages
Page / section
Complete product-page review; eligibility and features
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsIndiaView source
The manually reviewed product record states: “India”.
Source
DAY-NRLM Self Help Group Finance — official product page
Page / section
Published product metadata
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Customer typeRural women SHGs promoted under DAY-NRLMView source
The manually reviewed product record states: “Rural women promoted under DAY-NRLM”.
Source
DAY-NRLM Self Help Group Finance — official product page
Page / section
Published product metadata
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
DocumentsIBA-prescribed loan documentsView source
The manually reviewed product record states: “IBA-prescribed loan documents”.
Source
DAY-NRLM Self Help Group Finance — official product page
Page / section
Published product metadata
Accessed
4 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • ₹1.50 lakh–₹20 lakh
  • Term loan 24–84 months or 12-month cash credit
  • No collateral up to ₹20 lakh; margin up to 10% above ₹10 lakh
  • Rates from 7% to 10.40% p.a.

Eligibility

  • Rural DAY-NRLM active at least six months, meeting /MoRD grading; micro-credit plan mandatory from third dose.

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

Documents the bank lists

  • IBA-prescribed loan documents

Related official documents

Financing Self Help Groups — DAY-NRLM Schemeofficial-product-page · current · accessed 4 Sept 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

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₹19,382nineteen thousand three hundred eighty-two rupees
Interest paid over the full loan₹21,51,794twenty-one lakh fifty-one thousand seven hundred ninety-four rupees
Everything you repay₹46,51,794forty-six lakh fifty-one thousand seven hundred ninety-four 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

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

DAY-NRLM Finance · Published amount/limit₹1.50–₹20 lakh

This value is copied from additional agriculture catalogue products — page tables. Check the table notes before relying on it.

Source: agriculture product catalogue and linked official product pages · Agriculture catalogue — Micro Credit, Gold Loan, Farm Mechanisation, Allied Activities and Miscellaneous Activities Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 11 rows · 5 columnsSBI additional agriculture catalogue products — page tablesStructured transcription of every numeric term, eligibility rule, fee, rate, security and payment condition published on the reviewed product pages.View tableHide table

Scroll sideways to view every column

SBI additional agriculture catalogue products — page tables
ProductPublished amount/limitRate and feesTenure/paymentEligibility/security
DAY-NRLM Finance₹1.50–₹20 lakh7% to 10.40% p.a.; nil chargesTerm 24–84 months; cash credit 12 monthsRural DAY-NRLM active 6 months; no collateral; margin up to 10% above ₹10 lakh
Co-lending individual ₹10,000–₹3 lakh10.50% fixed minimum + servicer fee; 10.50–20.00%; nil charges12–36 months incl. 1-month moratoriumSimilar-member ; nil margin and security
Direct Linkage to ₹50,000–₹20 lakh14% p.a.; no processing/documentation/inspection fee up to ₹5 lakhTerm 24–60 months; cash credit 36 months6-month , grading/corpus; collateral nil; margin 10% above ₹10 lakh
Finance₹60,000–₹10 lakh12% fixed p.a.; nil charges12–36 months incl. 1-month moratoriumSimilar-member ; nil margin and security
Multi Purpose Agricultural Gold Loan₹5,000–₹25 lakh8.85% p.a.; processing nil to ₹50,000, then 0.50%/0.30% tiers + 12 monthsFarmers/allied borrowers; pledge of gold ornaments
Combine Harvester Loan₹5–₹35 lakh1-year + 3.50%; 1.50% processing feeHalf-yearly principal-equated instalments; maximum tenure not stated20% margin; land and credit-score rules; documents listed
Animal Husbandry & FisheriesNo minimum ceiling; below ₹50 lakh7% up to ₹2 lakh; effective 4% with prompt repayment; nil to ₹3 lakh then 0.65% + Working-capital cash creditFishery/livestock farmers and groups; collateral waiver up to ₹2 lakh or ₹3 lakh with tie-up
Agri Clinic and Agri Business Centres₹20 lakh individual; ₹1 crore group1-year + 2% up to ₹50 lakh; processing nil to ₹2 lakh then 1.40% + Up to 10 years incl. 24-month moratoriumAge 18–60 eligible agri qualifications; subsidy subject to terms
Polyhouse Loan₹1 lakh–₹5 crore + 2% up to ₹50 lakh; processing as guidelines72 months incl. 12-month moratorium15% margin; assured irrigation; collateral nil up to ₹1.60 lakh
Cold Storage/Warehouse Construction₹1 lakh–₹50 crore1-year + 2% up to ₹50 lakh120 months incl. 24-month moratorium; half-yearly instalments25% margin; broad entity eligibility; published collateral tiers
Rinn Samadhan 2025–26Agri cut-offs ₹10–₹20 lakh5% early-bird incentive; interest/expense concessions10% + 10% + balance within 90 days; scheme ends 31 Mar 2026Specified only; fraud/wilful-default/NCLT and other exclusions
  • Rows preserve the official page values; where a page explicitly gives no numeric maximum (Combine Harvester tenure), that absence is retained rather than inferred.
agriculture product catalogue and linked official product pages · Agriculture catalogue — Micro Credit, Gold Loan, Farm Mechanisation, Allied Activities and Miscellaneous Activities · accessed 4 Sept 2026Open official source ↗

More from State Bank of India

Related products

Asset Backed Agriculture Loan (ABAL)

Overdraft finance for short-term production and investment credit secured by SARFAESI-compliant immovable property.

View product

ABL (Saral)

asset-backed working-capital and business-purpose finance above ₹10 lakh up to ₹5 crore, with a 25% borrower margin, up to 180-month dropline overdraft and property security at 65% .

View product

Agri Clinic and Agri Business Centres Loan

Term finance for agri-clinics and agri-business centres, up to ₹20 lakh for an individual or ₹1 crore for a group of five trained people, with up to 10-year term.

View product

Agri & Food Enterprises Loan (AFEL)

Finance for agri commodity, food processing, agri-input manufacturing, exports and selected agri infrastructure or ancillary activities, up to ₹100 crore.

View product