S.G.S.Y. (1.4.1999) is a credit-cum-subsidy program in which credit is critical component and subsidy is a minor segment aiming to bring people above the poverty line. Group activities and vulnerable groups (PWDs, SC/ST & Women) are the focus area of SGSY. Beneficiaries are called SWAROZGARIES. Identified key activities of block are being supported and quantum of loan depends on nature of project.
2. WHO ARE ELIGIBLE ?
(a) Individual / SHGs
(b) Individuals from rural area / SHGs
(c) He/she should not be defaulter
(d) He/she should be B.P.L. card holder
3. DOCUMENTS REQUIRED
(a) B.P.L. Card
(b) Two recent passport size photographs
(c) Residence certificate
(d) Disability certificate
(e) Certificate in proof of age, qualification, experience & caste
(f) Project proposal / scheme
(g) Any other document required by bank / B.D.O.
4. HOW TO APPLY
A three member team consisting of the BDO, the banker and the Sarpanch visits each habitation in the Panchayat, according to a schedule drawn up and published, and selects the potential swarozgaries from the BPL families. So the PWDs should keep in touch with Sarpanch or BDO to know the scheduled date and should attend “Palli Sabha” in which selection is made.
5. WHOM TO CONTACT
Concerned Block Development Officer/Sarpanch
(1) Section-40 of PWD Act, 1995
(2) SGSY Guideline published by Govt. of India, Ministry of Rural Development
7. QUANTUM OF LOAN
As per the project need and nature.
8. RESERVATION & SUBSIDY
|PWDs||3.00%||30% or Rs.7500/- whichever is less.|
|SC/ST||50.00%||50% or Rs.10000/- whichever is less.|
|Women||40.00%||30% or Rs.7500/- whichever is less.|
|S.H.Gs||–||50% or Rs.1.25 lakh whichever is less.|
|Irrigation projects||—||No monitoring limit on subsidy.|
9. RATE OF INTEREST
As notified by RBI/Government from time to time.
Repayment period for each scheme / project is specified in the sanction letter. The loan normally is to be repaid within a maximum period of 5 years including moratorium period.