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     CIN NO = U65910RJ1996PTC046219

ARTH Services

In abiding with rules and regulations, it has become instrumental in helping to build financial inclusion through the provision of new products and services for the poor.

  • Small loans incite sustainable change. In this context, ARTH members have a privileged access to a wider range of products and services:

 

Loan Feature

Unnati

Samriddhi

Labh

Anand

Sathi

 

Product (Design)

Individual Loan

Income Generating

Micro Enterprises

Asset Loan

Staff Loan

 

Loan size - 1st cycle

INR 15,000

INR 20,000

INR 25,000

INR 30,000

Payout of last Three Months

 

Loan term

27 Bi-week

28 Bi-week

29 Bi-week

32 Bi-week

12 months

 

Installment frequency

Bi-Week

Bi-Week

Bi-Week

Bi-Week

Monthly

 

Number of Installments

25 26 27 30

 12

 

Grace period (Bi-Week)

2 2 2 2

Nil

 

Price

 

 

 

 

 

 

Interest rate (flat)

14.06% 14.06% 14.06% 14.08%

 

 

Reducing

26.00% 26.00% 26.00% 26.00% 16.00%
 

Loan Processing Fees

1.00% 1.00% 1.00% 1.00%

Nil

 

Prepayment Fees

Nil

Nil

Nil

Nil

Nil



1. Utthan (Individual Loan)


Utthan is basically for MF starters and designed for those who wish to initiate & expand business activity in farm/non-farm sector. It gives a provision of initial loan of Rs. 10,000, with a repayment schedule of 52 weekly installments having moratorium period of one week. In case of a festival or a holiday, pre payment of one week is collected. Both the client and spouse are covered under Insurance; on the Balance Amount of Principal and Interest; i.e. in case of death, nothing will remain payable from the client or his family members. This product is offered as first loan to newly formed groups. This loan is given to individual members as per their need. First amount of credit is provided, after two weeks of regular meetings.

2. Samriddhi (Income Generating Loan)


Samriddhi loan is offered to those who have proved disciplined members of the Joint Liability Group. This product is offered to supplement the effort of the members in Business enhancement, initiated from the first doze of Utthan Loan. A provision of Rs 15000 is undertaken under Samriddhi. Regular group meetings, record keeping, group behavior such as joint responsibility, group action, peer pressure; group cohesiveness, timely repayment are the basic crux to graduate for further doses and other products offered by ARTH. With a repayment schedule of 58 weekly installments, it allows for a moratorium period of one week. There is a provision for graduation to next level on satisfactory repayment of the existing loan.

3. Labh (Micro Enterprise Loan)


Labh is a loan scheme for the establishment of Micro Enterprises, to focus on small businesses of manufacturing, trading and servicing. This gives an opportunity to the people to add on alternative source of their income, apart from agricultural and allied activities. These activities could be based on agriculture produce or non-farm material available locally. Skill based non-traditional activities; art and craft etc., could be main clientele of the product. Cluster based activities are also supported under this head.

Labh is offered to those, who have completed two cycles of Sahyog and wish to seek loan of more than Rs. 25,000. It has a repayment schedule of 102 weekly installments having moratorium period of two weeks; flexible grace period can be opted in case of health emergency / death of family members. One week pre payment is collected in case of festival or holiday. Insurance coverage will be of Client and Spouse. It will be of the Balance Amount of Principal and Interest i.e. in case of death nothing will remain payable from the client or his family members.

4. Anand (Asset Loan)


Every activity needs some basic support to reach to its optimum. These activities could be related to production, consumption, servicing, trading etc. Some physical property needs to be created to enable the whole system operational. The assets could be end in itself or base for some activity. This product covers purchase of house, its repair, two wheeler, transport vehicle, permanent article such as machine, tools etc. Anand/ Asset Loan is given to those who have completed loans cycle of Labh.

It has repayment schedule of 85/91/96 weekly installments having moratorium period of one; flexible grace period can be opted in case of health emergency / death of family members. One week pre payment will be collected in case of festival or holiday. Insurance coverage will be of Client and Spouse. It will be of the Balance Amount of Principal and Interest i.e. in case of death nothing will remain payable from the client or his family members.

5. Sathi (Staff Loan)


Sathi/ Staff loan is given to employees of ARTH who have completed one year in the organization. In case the loanee is applying for second loan, no delay in the repayment of first loan shall be done. Staff Loan is intended to help smooth income through periods of emergency for our employees. The loan amount will be in the form of last three months salary in hand; the repayment would be done by way of deduction from salary amount on a monthly basis for a loan term of one year. If the employee wishes to apply for vehicle loan, then the Insurance will be done through the company itself i.e., ARTH Micro Finance Pvt Ltd.

Life Insurance support services


Further, the Life Insurance needs of the borrowers are also served; through a credit-linked life insurance and Accidental Insurance needs are served for the borrowers and their spouse by the “Sampoorna Suraksha” Scheme, with TATA-AIG, credit-linked policy.

In case the borrower dies or becomes incapacitated during the currency of the Loan, the Insurance Company pays the Insurance Amount Directly to the Company since the Company’s name is registered as the Nominee in the Life Insurance Policy of the borrower.  
 
 
 
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