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Amendments of West Bengal Swanirbhar Sahayak Prakalpa

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Government of West Bengal
Department of Self Help Group & Self Employment
20B, Abdul Hamid Street,
Kolkata – 700 069

No. 537-SH/2I-01/15 Dated, Kolkata, the 28th April, 2015

In exercise of the power conferred by Sub-Section 9.1 and 9.2 of Section 9 (Power to amend and/ or relax/repeal) of the NOTIFICATION No. 101/SH/2P-19/09 dated 15-07-09 as amended vide NOTIFICATION No. 86-SH/2P-19/09 dated 15/02/2010, NOTIFICATION No. 432-SH/2P-13/10 dated 29/06/2012 and NOTIFICATIONS as amended from time to time, the Governor is hereby pleased to issue the following amendments in the said Notification as subsequently amended:

Amendments

1) For clause 3.4 of the notification no. 101/SH/2P-19/09 dated 15-07-09 following substitution shall be made:

3.4 National Rural Livelihood Mission (NRLM) shall mean a scheme launched by Ministry of Rural Development, Government of India restructuring Swarnajayanti Gram Swarojgar Yojana (SGSY) replacing the existing SGSY Scheme effecting from 1st April, 2013.

2) For clause 4.3 of the notification no. 101/SH/2P-19/09 dated 15-07-09 following substitution shall be made:

4.3 All SHGs who are covered under National Rural Livelihood Mission (NRLM) Scheme.

3) Under clause 5 of the notification no. 101/SH/2P-19/09 dated 15-07-09, in addition to clause 5.1 & 5.2, clause 5.3 shall be added as follows:

5.3 The WBSSP Scheme is not applicable to the SHGs who have received Capital Subsidy against their Bank loan.

4) For clause 6.1 of the notification no. 101/SH/2P-19/09 dated 15-07-09, the amount of Rs. 5.00 lakhs has to be replaced by Rs. 3.00 lakhs. The clause 6.1 of the notification shall be as follows:

Subject to sub clause ‘6.2’ below all SHGs coining under the applicability criteria as specified under clause ‘4’ above will be eligible for receipt of interest subsidy under this scheme on interest to accrue on and from 1st April, 2014 provided they have obtained bank credit not exceeding Rs. 3.00 lakhs under any of the applicable schemes specified under clause ‘4’ above on or after 1st April, 2009 and they have not defaulted on due repayment of either the principal or interest to the Bank providing such credit.

Provided those SHGs who have obtained bank credit exceeding Rs. 3.00 lakhs under any of the schemes specified under clause 4 above will also be eligible for the interest subsidy upto Rs. 3.00 lakhs while there will be no interest, subsidy on the balance amount.

5) For Clause 7.1 of the notification no. 101/SH/2P-19/09 dated 15-07-09 on calculation of Interest Subsidy, the following amendments shall be made:

With the introduction of NRLM Scheme, a portion of interest charged by the Bank on the loan account of SHGs are subvented. On the basis of various eligible rate of interest subsidy received/to be received by the SHGs on their loan account from NRLM, the SHGs have been classified under 3 (three) categories.

The quantum of interest subsidy to be received under WBSSP Scheme and also from NRLM Scheme shall be as follows:

SL NO. CATEGORY ELIGIBLE INTEREST SUBSIDY UNDER NRLM SCHEME ELIGIBLE INTEREST SUBSIDY UNDER WBSSP SCHEME
i) Category I – (Special target area)

The women SHGs of 5 (five) districts, namely, Bankura, Birbhum, Coochbehar, Medinipur West and Purulia shall come under special target area.

The Bank will lend to all women SHGs of 5 districts of West Bengal at Category I @ 7% p.a. under NRLM project (Interest Subvention is available to the Bank from NRLM to cover the difference between the Lending Rate of the Banks and 7% p.a.). An additional interest subvention @ 3% p.a. will also be available to them for prompt repayment. So, in case of prompt repayment, the women SHG beneficiaries of the special target area will pay interest @ 4% p.a. after receiving interest subsidy under NRLM Scheme. The Bank shall claim Interest subsidy @ 2% p.a. (over & above NRLM Subsidy) on the loan account of the SHGs. So, the effective rate of interest, after receiving interest subsidy from NRLM & WBSSP shall come down to @ 2% p.a.
ii) Category II – (Other area)

The NRLM compliant SHGs of all remaining districts.

The NRLM compliant Women SHG beneficiaries shall receive interest subsidy from NRLM in such quantum that they have to pay interest against their Bank loan @ 7% p.a. The Bank shall claim Interest subsidy @ 5% p.a. (over & above NRLM Subsidy) on the loan account of the NRLM compliant Women SHGs under WBSSP Scheme. So, the effective rate of interest of loan accounts, after receiving interest from NRLM & WBSSP, shall be @ 2% p.a.
iii) Category III – All other SHGs not covered under Category I & Category II

e.g.

SHGs of PACS, male and mixed group SHGs etc.

The Category III SHGs are those SHGs not covered under NRLM scheme. The Bank shall claim Interest subsidy @ 9% p.a. on the loan account of the eligible SHGs under WBSSP Scheme. So, the effective rate of interest of loan accounts, considering interest rate on Bank loan @ 11% p.a., shall be @ 2% p.a.

4. This modification will come into effect from 1st cycle of the financial year 2014-15, i.e. from 1st April, 2014.

Direction

The amendment is issued with the concurrence of the Finance Department (Group – M) vide their order dated 12th March, 2015.

By order of the Governor,

Sd/- A. Aftab
Secretary
SHG & SE Department

No. 537-SH dated 28.04.2015