(a) the number and details of Self Help Groups which have been
sanctioned loan by the banks during the last three years and
the current year so far,State-wise;
(b) the rate of interest charged against these loans;
(c) whether the Government proposes to lower the interest rates on such loans; and
(d) if so, the details thereof?
MINISTER OF THE STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)
(a): The details of Self Help Groups (SHGs), which have been sanctioned loans, along
with the amount of bank loans disbursed, during the last three years is at Annex.
(b): Public Sector Banks, Cooperative Banks and Regional Rural Banks are reportedly
charging interest rates in the range of 9.5% to 14% on loans to SHGs, based on their
cost of funds, transaction costs, provisioning for NPA and a small margin.
(c): No, Sir.
(d): Does not Arise.