It is quite challenging
for Assam to initiate such dynamic new genre-small business startup loan
program with Axis Bank micro financial aid to unlock the limit of self reliance and independent
living for women in rural sectors.
Axis bank’s
this retail lending micro finance of FY 2018-19 plan named as ‘Axis Sahyog’ to
be launched in Nagaon and Tezpur branches of it to provide 60,000 plus financial aid
to rural women. As per to the norms of micro finance plan of Axis Bank the
monetary aid will be processed fast with affirm pilot projects to be undertaken
by women.
In India micro
finance plans by various banks have helped numerous small and micro business
enterprises to promote and capture market. In this micro loan projects banks assess
healthy return with lesser risk within tenure of 3-5 years terms. Food and
agriculture micro finance projects have prompt return according to bank
estimation.
But such
small start up business even accounts vulnerability to cycle changes, short
tenures and lower ticket sizes. But then the risk is less for the banks to
regain their profits. If the yields are higher with equivalent good quality
loans then bank can assure profit from such financial sanction that is ranging
from 10 lakhs to 50 Lakhs max. Currently Guwahati Axis Bank’s Sahyog plan has financial
loan slots ranging from minimum 10-12-25 Lakhs.
NEIC:SUMI
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