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M.V.N |
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| Name of the Scheme |
MAHILA VIKAS NIDHI ( MVN) |
| Sponsoring Agency |
Small Industries Development Bank of India Agency
(SIDBI) |
| Year of Introduction |
1990 |
Objectives |
To bring about economic empowerment of women, especially rural poor, by providing them
avenues for training and employment opportunities by facilitating creation of
infrastructural and training facilities for the purpose. |
Eligibility |
1. Well managed NGOs that * are in existence for at least 5 years, should be registered
with properly constituted bye-laws, memorandum and articles of association, governing
body, broad-based management and properly maintained accounts.
* have a good track record.
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Pattern of Assistance |
*A judicious mix of loan and grant to Non Government Organisations (NGOs) registered under
Societies Registration Act 1860 (XXI) to ensure that women are provided with training and
employment opportunities.
Setting up of Training-cum-Production Centers (TPCs) by the assisted NGOs.
*Activities like vocational training, strengthening of marketing set up for the products
of the beneficiary group, arrangements for supply of improved inputs, production and
technology improvement, are also covered under the MVN scheme.
Assistance is given mainly towards initial investment.
a. Concessional loan and grant mainly towards strengthening of the managerial side.
b.NGOs to pay a concessional rate of interest:
13.5% annually at present.
c.Repayment is fixed on case to case basis.
Initial moratorium of one/one and half years
is considered.
d. Security - Normally secured by way of
mortgage /hypothecation of assets created
out of loan assistance.
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| Whom to Contact |
Small Industries Development Bank of India, New
Delhi
Y.M.C.A. Cultural Center-cum-Library, 4th and 5th Floor, Jai Singh Road, New Delhi -110
001
Tel:3344721
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