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Rule 5
Use of Funds
Funds will be used for the following activities:
(a) To provide periodic loans up to two lakh rupees without collateral from banks, financial institutions and cooperative societies to one person in a family working as per the objective of the fund,
(A1) To provide periodical loans without collateral at subsidized interest rates up to fifty lakh rupees from banks, financial institutions and co-operative societies to groups formed by people working according to the purpose of the fund, with no more than one person per family and no more than two lakh people. (b) To provide premiums for insurance of loans,
(c) To provide necessary training,
(d) To conduct necessary orientation programs for the promotion of the program and to appoint and mobilize volunteers,
(e) to incur administrative expenses of the Fund,
(f) To do other necessary work.
(a) To provide periodic loans up to two lakh rupees without collateral from banks, financial institutions and cooperative societies to one person in a family working as per the objective of the fund,
(A1) To provide periodical loans without collateral at subsidized interest rates up to fifty lakh rupees from banks, financial institutions and co-operative societies to groups formed by people working according to the purpose of the fund, with no more than one person per family and no more than two lakh people. (b) To provide premiums for insurance of loans,
(c) To provide necessary training,
(d) To conduct necessary orientation programs for the promotion of the program and to appoint and mobilize volunteers,
(e) to incur administrative expenses of the Fund,
(f) To do other necessary work.