Sustainable Livelihood Initiative

Introduction

Our Sustainable Livelihood Initiative (SLI) is a holistic approach that aims to deliver financial support to that section of the population who lack access to formal banking services. By making loan availability convenient and stress-free, our objective is to empower SHGs and JLGs with financial independence and eliminate their dependence on money lenders.

So far, HDFC Bank SLI has enabled women to avail credit and utilise it for professions such as livestock rearing, handicrafts, tailoring, artificial jewellery designing, setting up grocery shops, etc. It has also augmented cash flow to farmers by extending collateral-free loans.

Loan amount

Minimum - Rs.10,000/- for JLG & Rs.5,000/- for SHG
Maximum - Rs.1,00,000/- per member

Type of borrowers

Women

Tenure

Upto 24 Months for JLG
Upto 36 Months for SHG

Interest rates

11.5% to 19% p.a for SHG
22% to 25 % p.a for JLG

Repayment

Monthly EMI

Charges

No processing Fees
No closure charges
No pre-closure charges

Documents required

Identity and address proof (copy of voter ID card/driving license/Aadhaar)
Loan track records (if any loans are obtained)

Sustainable Livelihood Initiative

Features