Business loan scheme at Dharampeth Mahila

The society’s business stakeholders are encouraged to take advantage of this scheme for the growth of their businesses. The society’s founder and former chairperson Nilima Bawne expressed confidence that more than ₹100 crore in loans will be disbursed under this scheme.

Under this loan scheme, business loans of up to ₹5 crore will be available by mortgaging immovable property, at an interest rate ranging from 9% to 12%, calculated on a monthly reducing balance basis. The repayment period for the loan will be 1 to 7 years.

Currently, the society has an annual business turnover of more than ₹2,400 crore, deposits exceeding ₹1,550 crore, and loan disbursement of about ₹850 crore. The society’s net profit exceeds ₹8 crore. Society president Sarika Pendse stated that members receive attractive dividends every year. .