A PHP Error was encountered

Severity: 8192

Message: Return type of CI_Session_files_driver::open($save_path, $name) should either be compatible with SessionHandlerInterface::open(string $path, string $name): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice

Filename: drivers/Session_files_driver.php

Line Number: 132

Backtrace:

File: /home2/gramen5o/public_html/grambikash.org/application/controllers/Home.php
Line: 8
Function: __construct

File: /home2/gramen5o/public_html/grambikash.org/index.php
Line: 315
Function: require_once

A PHP Error was encountered

Severity: 8192

Message: Return type of CI_Session_files_driver::close() should either be compatible with SessionHandlerInterface::close(): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice

Filename: drivers/Session_files_driver.php

Line Number: 290

Backtrace:

File: /home2/gramen5o/public_html/grambikash.org/application/controllers/Home.php
Line: 8
Function: __construct

File: /home2/gramen5o/public_html/grambikash.org/index.php
Line: 315
Function: require_once

A PHP Error was encountered

Severity: 8192

Message: Return type of CI_Session_files_driver::read($session_id) should either be compatible with SessionHandlerInterface::read(string $id): string|false, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice

Filename: drivers/Session_files_driver.php

Line Number: 164

Backtrace:

File: /home2/gramen5o/public_html/grambikash.org/application/controllers/Home.php
Line: 8
Function: __construct

File: /home2/gramen5o/public_html/grambikash.org/index.php
Line: 315
Function: require_once

A PHP Error was encountered

Severity: 8192

Message: Return type of CI_Session_files_driver::write($session_id, $session_data) should either be compatible with SessionHandlerInterface::write(string $id, string $data): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice

Filename: drivers/Session_files_driver.php

Line Number: 233

Backtrace:

File: /home2/gramen5o/public_html/grambikash.org/application/controllers/Home.php
Line: 8
Function: __construct

File: /home2/gramen5o/public_html/grambikash.org/index.php
Line: 315
Function: require_once

A PHP Error was encountered

Severity: 8192

Message: Return type of CI_Session_files_driver::destroy($session_id) should either be compatible with SessionHandlerInterface::destroy(string $id): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice

Filename: drivers/Session_files_driver.php

Line Number: 313

Backtrace:

File: /home2/gramen5o/public_html/grambikash.org/application/controllers/Home.php
Line: 8
Function: __construct

File: /home2/gramen5o/public_html/grambikash.org/index.php
Line: 315
Function: require_once

A PHP Error was encountered

Severity: 8192

Message: Return type of CI_Session_files_driver::gc($maxlifetime) should either be compatible with SessionHandlerInterface::gc(int $max_lifetime): int|false, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice

Filename: drivers/Session_files_driver.php

Line Number: 354

Backtrace:

File: /home2/gramen5o/public_html/grambikash.org/application/controllers/Home.php
Line: 8
Function: __construct

File: /home2/gramen5o/public_html/grambikash.org/index.php
Line: 315
Function: require_once


Deprecated: Optional parameter $subject declared before required parameter $template is implicitly treated as a required parameter in /home2/gramen5o/public_html/grambikash.org/application/models/Common_model.php on line 242

Deprecated: Optional parameter $attach declared before required parameter $template is implicitly treated as a required parameter in /home2/gramen5o/public_html/grambikash.org/application/models/Common_model.php on line 242

Deprecated: Optional parameter $param declared before required parameter $template is implicitly treated as a required parameter in /home2/gramen5o/public_html/grambikash.org/application/models/Common_model.php on line 242
Grambikash || OIther

Other Sector

  • Notice
  • Event
  • Faq
Best Client-Centric Activities Award by KPMG in collaboration with AMFI-WB
Gram Bikash was awarded for Best Client Centric Activity by KPMG in 2018-19 Post On :
GBK has obtained MFI 3+ (i.e. Top 4) rating from CARE on 26.09.2016.
SMGBK has obtained MFI 3+ (i.e. Top 4) rating from CARE  on 26.09.2016. Post On :
ARSENIC FREE SAFE DRINKING WATER
WE HAVE RECENTLY INTRODUCED  ARSENIC FREE SAFE DRINKING WATER , IN COLLABORATION WITH PSI   INDIA & HINDUSTAN UNILEVER LIMITED, AT RANAGHAT UNDER NADIA DISTRICT. Post On :
Targeting the Hard Core Poor in association with Bandhan
Targeting the  Hard Core Poor (THP) in association with Bandhan-Konnagar:- THP project was launched in 2014-15 and had achieved cent per cent success rate with an objective to make "Beggar Free India". The success was encouraging enough as we could able to bring back 78 women out of 100 in the main stream of the society from absolutely poverty. Our next target is to cover 500 poor women under this project. Post On :
Sanitation Project with FWWB at Bihar
Sanitation Project with FWWB at Bihar:-  this project is funded by FWWB, the objective of this project is to provide 100% pure scientific sanitary toilet to the villagers of Bihar. We are conducting the project from our branches in Bihar as more than 70% households there are not having sanitary toilets.  Post On :
Mr. Ganesh Chandra Modak has been awarded INDIRA GANDHI SADBHAVANA AWARD 2015 and JEWEL OF INDIA AWARD 2016 for outstanding achievements in the field of microfinance.
Mr. Ganesh Chandra Modak has been awarded INDIRA GANDHI SADBHAVANA AWARD-2015 and JEWEL OF INDIA AWARD–2016 for outstanding achievements in the field of microfinance. Post On :
  • What are the methods of recovery used by the NBFC-MFIs ? :

    Recovery should normally be made only at a central designated place. Field staff shall be allowed to make recovery at the place of residence or work of the borrower only if borrower fails to appear at central designated place on 2 or more successive occasions

  • Is there any cap on an individual membership with SHG/JLG and/or number of NBFC-MFIs from whom a SHG/JLG/an individual can borrow? :

    A borrower can be a member of only one SHG/JLG. He can borrow from NBFC-MFIs as a member of a SHG or a member of a JLG or borrow in his individual capacity. Further, an SHG or JLG or individual cannot borrow from more than 2 NBFC-MFIs.

  • Is there any prepayment penalty that can be levied by an NBFC-MFI? :

    NBFC-MFI cannot levy prepayment penalty.

  • How can a borrower find about the current interest rate being charged by the NBFC-MFI? :

    RBI has made it mandatory for the NBFC-MFI to prominently display in all its offices and in the literature issued by it and on its website, the effective rate of interest being charged by it.

  • What a borrower should ensure when he gets a loan card from the NBFC-MFI :

    • the effective rate of interest charged;
    • all other terms and conditions attached to the loan;
    • information which adequately identifies the borrower;
    • acknowledgement by the NBFC-MFI of all repayments including installments received and the final discharge
    • All entries in the Loan Card should be in the vernacular language.
    • The interest charged to customer is calculated on a reducing balance basis.
    • NBFC-MFI does not levy penalty on delayed payment
  • What should a customer keep in mind for the loans extended by an NBFC-MFI? :

    The NBFC-MFI is required to be fair and transparent in its dealings with the borrowers and No security deposit/ margin/collateral is required to be kept by the borrower with the NBFC-MFI.

  • What are the charges that a customer is supposed to pay for the loan that he takes from an NBFC-MFI? :

    A customer needs to know that there are only three components in the pricing of a loan viz. the interest charge, the processing charge and the insurance premium (which includes the administrative charges in respect thereof). An NBFC-MFI cannot levy any charges apart from the three mentioned above

  • Can an NBFC-MFI charge a differential rate of interest to its customers? If yes, is there any limit imposed by RBI on it? :

    Yes, an NBFC-MFI can charge a differential rate of interest to its customers but the variance for individual loans between the minimum and maximum interest rate cannot exceed 4 per cent.

  • What are the processing charges that an NBFC-MFI can levy on its customers? :

    Processing charges by NBFC-MFIs shall not be more than 1% of gross loan amount. Processing charges need not be included in the margin cap. Further, NBFC-MFIs shall recover only the actual cost of insurance for group, or livestock, life, health.

  • Can NBFC-MFIs lend funds for personal use/emergencies? :

    A part (i.e. maximum of 50 per cent) of the aggregate amount of loans may be extended for other purposes such as housing repairs, education, medical and other emergencies. However, aggregate amount of loans given to a borrower for income generation should constitute at least 50 per cent of the total loans from the NBFC-MFI.

  • Can renovation/home improvement loans of smaller amount (Approx. 50000) be included under qualifying assets? :

    Home loans generally have mortgage of a dwelling unit. If all conditions as applicable for qualifying assets including collateral free loans and not less than 50% of the loan for income generation purpose are met, these may be treated as qualifying assets.

  • What is the maximum amount of loan that can be disbursed by MFIs? :

    NBFC-MFI can disburse loan to a borrower with a rural household annual income not exceeding Rs. 1,00,000 or urban and semi-urban household income not exceeding Rs. 1,60,000 . The limit of total indebtedness of the borrower should not be more than Rs.1,00,000. Education and medical expenses will be excluded while arriving at the total indebtedness of a borrower.

  • FAQs on Microfinance :

    What is the maximum amount of loan that can be disbursed by MFIs?

    NBFC-MFI can disburse loan to a borrower with a rural household annual income not exceeding Rs. 1,00,000 or urban and semi-urban household income not exceeding Rs. 1,60,000 . The limit of total indebtedness of the borrower should not be more than Rs.1,00,000. Education and medical expenses will be excluded while arriving at the total indebtedness of a borrower.

    Can renovation/home improvement loans of smaller amount (Approx. 50000) be included under qualifying assets?

    Home loans generally have mortgage of a dwelling unit. If all conditions as applicable for qualifying assets including collateral free loans and not less than 50% of the loan for income generation purpose are met, these may be treated as qualifying assets.

    Can NBFC-MFIs lend funds for personal use/emergencies?

    A part (i.e. maximum of 50 per cent) of the aggregate amount of loans may be extended for other purposes such as housing repairs, education, medical and other emergencies. However, aggregate amount of loans given to a borrower for income generation should constitute at least 50 per cent of the total loans from the NBFC-MFI.

    What are the processing charges that an NBFC-MFI can levy on its customers?

    Processing charges by NBFC-MFIs shall not be more than 1% of gross loan amount. Processing charges need not be included in the margin cap. Further, NBFC-MFIs shall recover only the actual cost of insurance for group, or livestock, life, health.

    Can an NBFC-MFI charge a differential rate of interest to its customers? If yes, is there any limit imposed by RBI on it?

    Yes, an NBFC-MFI can charge a differential rate of interest to its customers but the variance for individual loans between the minimum and maximum interest rate cannot exceed 4 per cent.

    What are the charges that a customer is supposed to pay for the loan that he takes from an NBFC-MFI?

    A customer needs to know that there are only three components in the pricing of a loan viz. the interest charge, the processing charge and the insurance premium (which includes the administrative charges in respect thereof). An NBFC-MFI cannot levy any charges apart from the three mentioned above

    What should a customer keep in mind for the loans extended by an NBFC-MFI?

     

     The NBFC-MFI is required to be fair and transparent in its dealings with the borrowers and No security deposit/ margin/collateral is required to be kept by the borrower with the NBFC-MFI.

    What a borrower should ensure when he gets a loan card from the NBFC-MFI 

    • the effective rate of interest charged;
    • all other terms and conditions attached to the loan;
    • information which adequately identifies the borrower;
    • acknowledgement by the NBFC-MFI of all repayments including installments received and the final discharge
    • All entries in the Loan Card should be in the vernacular language.
    • The interest charged to customer is calculated on a reducing balance basis.
    • NBFC-MFI does not levy penalty on delayed payment

    How can a borrower find about the current interest rate being charged by the NBFC-MFI?

    RBI has made it mandatory for the NBFC-MFI to prominently display in all its offices and in the literature issued by it and on its website, the effective rate of interest being charged by it.

    Is there any prepayment penalty that can be levied by an NBFC-MFI?

     NBFC-MFI cannot levy prepayment penalty.

    Is there any cap on an individual membership with SHG/JLG and/or number of NBFC-MFIs from whom a SHG/JLG/an individual can borrow?

    A borrower can be a member of only one SHG/JLG. He can borrow from NBFC-MFIs as a member of a SHG or a member of a JLG or borrow in his individual capacity. Further, an SHG or JLG or individual cannot borrow from more than 2 NBFC-MFIs.

    Q 17. What are the methods of recovery used by the NBFC-MFIs ?

    Recovery should normally be made only at a central designated place. Field staff shall be allowed to make recovery at the place of residence or work of the borrower only if borrower fails to appear at central designated place on 2 or more successive occasions.

     

     

Our Partner


All Rights Reserved Gram Bikash Kendra

Design & Devloped By DITS