Uttrayan provides micro credit to the deprived women of the society to smooth their livelihood and give them a better standard of living. Features of the small loan is as follows –
- Maximum amount of first loan cycle is Rs.15000.
- Till second cycle it is Rs.25000 and after that in each cycle it increases by Rs.5000-10000 and doesn’t cross a maximum of Rs.100000.
- Loan is completely collateral free.
- Effective Rate of Interest is 22- 26%.
- Loan processing fee is 1 %.
- Insurance Charge is 0.7 % on loan disbursement amount. (Only the actual cost is charged by Insurance Company).