Assistance To Women In Non Farm Development (ARWIND)
The scheme of Assistance to Rural Women in Non-Farm Development is being introduced mainly to support economic activities in non-Farm sector on a cluster/group basis by rural women. The scheme has two components via
- Credit component
- Promotional component
Under component (1) a voluntary agency having minimum 3 years of proven track record in assisting women’s groups, women’s development corporation set up by the central/State governments, KVIC/KVIBs or any institutions under the KVIC/KVIB fold, any other registered institution including cooperatives, trusts and corporations set up by central/State governments for the purpose may evolve a scheme to organise rural women’s groups for undertaking any productive activity in the non-farm sector and assist them in setting up their own units and /or provide such other backward/forward linkages including training as are considered necessary for improving viability of individual/group enterprises.
The loan assistance under the scheme to the individuals, should not normally exceed Rs.50000/- per borrower or say Rs.10 lakhs for a group activity involving 20 rural women. However the actual loan amount will have to be need based and to be decided by the sponsoring agency or merits in consultation with the borrowers/financing bank depending on the nature of activity/unit to be set up.
All types of manufacturing, servicing, processing activities excluding those that are not socially desirable such as breweries producing intoxicants etc are eligible. However tiny and decentralised units with project cost not exceeding Rs.15 lakh will be preferred as satellite units and mother unit concept, in the interest of larger employment generation.
As per Reserve Bank of India guidelines, for loans upto Rs.25000/- per borrower, no margin money or collateral security/third party guarantee will be insisted upon by the financing banks except hypothecation of assets created out of the loans.
Rate of interest
The rate of interest chargeable to the beneficiaries /Banks will be those as may be specially by the Reserve Bank of India/NABARD from time to time.
Subject to the cash flow of the scheme, the loan repayment period will be between 3 to 10 years with a moratorium of 6 to 12 months.
As per the norms of the scheme (HOCL40/94)
Assistance For Marketing Of Non Farm Products Of Rural Women (MAHIMA)
The scheme envisages in providing loan and also assistance in grant to the Registered Voluntary Agencies (VA), Non-Governmental Organisations (NGOs) and other promotional organisations engaged in marketing the products of rural women.
The salient features of the above scheme are as under :
The Vas\NGOs and other promotional organisations including co-operatives, federations of marketing organisations engaged in the business of marketing of women’s products are eligible to be covered under the scheme. The organisations should have been working for at least 3 years with proven track record and experience in production /marketing of rural products and should satisfy the norms of the financing banks and NABARD prescribed from time to time.
- Organising rural women to enhance their bargaining strength vis a vis market forces.
- Support for forward and backward linkage.
- Provision of integrated marketing services including survey, purchase, sale, publicity, production cum sale, construction of sheds, stalls, counters, racks etc, design support, packaging branding/labelling, weighting and grading , testing, and other equipments etc.
Common marketing activities such as common storage facilities, freezers, labelling, packaging etc.
Security and Margins
As per the norms of the bank applicable from time to time.
Nabard will provide 100% refinance for the bank loans and maximum refinance is restricted to Rs.10 lakh only.
Quantum of grant / Assistance
The quantum of assistance by way of promotional grant would normally be restricted to Rs.5000/- per women entrepreneur to be covered by the agency concerned or up to 25% of the minimum sales turnover of Rs.10 lakh envisaged to be achieved within 3 years, whichever is lower. In other words would mean that the promotional grant assistance would normally be limited to Rs.2.50 lakh per agency, in case the agency is able to cover