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Prerana (micro Credit Finance) Scheme

Application Process
Documents Required
Frequently Asked Questions
In order to encourage women from the Schedule caste community and economically empower them DR. BR Ambedkar Development Corporation has launched the Prerana scheme.
The objective of this program is to encourage women from urban and rural areas to set up self-help groups and help them to set up a productive business and turn them profitably. Financial assistance will be extended to the Scheduled Tribe women members of the Self-help groups to engage them in income-generating activities
Financial aid will be provided to a self-help group of ten women.
A joint account will be opened and a financial assistance of Rs. 2.50 Lakhs to income generating activities will be provided.
The corporation will pay each individual a sum of Rs. 25,000/- of which Rs. 15.000 will be a subsidy and Rs. 10.000 will be in the form of a loan.
Income generated by the self-help group shall be shared equally thus ensuring economic prosperity of all members of the group.

The loan together with interest @4% per annum has to be repaid by the SHG to the corporation in 36 monthly or 12 quarterly installments.

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