Scheme features & terms
Financing can be provided for: medical expenses of the member or family; minor repairs to the residential house; repayment of prior debts; educational expenses of children; marriage expenses of dependants; funeral expenses of dependants; and other specified social obligations.
Maximum assistance is Rs 50,000/- for a maximum period of 1 year.
Security: personal surety of the member and two other ordinary members; or pledge of gold ornaments; or personal sureties of the member and another ordinary member who is a permanent salaried employee furnishing a salary recovery agreement; or the member's daily/home safe/recurring deposits, provided the assistance period does not exceed the deposit maturity and is repaid with deposit instalments.
Service charges not exceeding the actual cost are payable, as decided from time to time.
Assistance under this category is not provided to more than one member of the same family at a time.