: (1) The fund shall protect the amount of loans provided by the member organizations in the business mentioned in section (a) of Schedule-11 under the microfinance and underprivileged class loan program up to the following limit:-
(a) up to Rs.50 lakhs per person for loans invested in collective deposits without collateral,
(b) up to seven lakh rupees per person in loans invested in educational certificate mortgages,
(c) Up to ten lakh rupees per person in case of loan invested in mortgage guarantee, "(Gap 1) Up to ten lakh rupees in case of loan invested under collective guarantee or project mortgage to youth and Dalit community who have returned from foreign employment after giving skill training,
(d) With the prior consent of the fund, up to seven lakh rupees in loans secured by the project under the micro enterprise project run by women or invested in individual or collective guarantees.
(2) When a member organization secures a loan under the microfinance and underprivileged credit program, one percent of the remaining balance of such loan and interest shall be paid to the fund as an annual security fee.