Mahila Vikas Nidhi (MVN) is SIDBI$'s specially designed fund for economic development of women, especially in the rural areas, by providing them avenues for training and employment opportunities.

A judicious mix of loan and grant is extended to accredited NGOs for creation of training and other infrastructural facilities. In addition, activities like vocational training, strengthening of marketing set up for the products marketing of the beneficiary group, arrangements for supply of improved inputs, materials, production and technology improvement are also covered under the MVN scheme. Assistance is given mainly towards capital expenditure and recurring expenses are discouraged.

Registered NGOs that have a good track record for at least 5 years.

Loan is extended on following terms:

1. NGOs must pay a concessional rate of interest (@ 13% p.a. at present).
2. Repayment period is normally up to 5 years and is fixed on a individual case basis.
3. Security is by way of mortgage/hypothecation of assets created out of loan assistance.

Progress

Upto March 1999, SIDBI has extended assistance of Rs.64.2 million to 142 NGOs benefitting about 18,000 women.

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