Financial Services

Since August 2007, N.C.R.C has initiated micro-credit program to small businesses for income generating activities. The aim is to facilitate the establishment and expansion of member’s business. In 2009, N.C.R.C has developed two more products: a medical loan and an education loan for the members having satisfactory borrowing relationship with N.C.R.C.

• Business Loan

The aim of N.C.R.C is to encourage micro entrepreneurs especially women to start and expand their business. As most of the members of N.C.R.C are from economically poor background so Business loans are provided to overcome the financial constraint. No loan is extended for anti-social and non-environment friendly businesses.

• Medical Loan 

It has been designed to support the poor families among our members to address their emergency medical expense need.  As of now, we do not communicate with our members about this product due to the lack of funds but the staffs of N.C.R.C, according to their instinct and social responsibility sense, select the family who needs medical loan. 

• Educational Loan

This loan has been designed to support the members in financing school or college fees or to buy study materials for their children’s education.  The loan is extended to those members who have at least one satisfactory borrowing relationship with N.C.R.C. Like medical Loan it is not highly communicated to our members due to financial constraints but proposed individually to family most in need.

	Average/ Maximum* Loan Amount (Rs)	Service Charges (flat per month)	Duration, in weeks (max.)	Membership Fees** (Rs)	Application Fees (Rs)	Loan Security (Rs)	Grace Period, in days
Business Loan	3500	1.5%	38	25	15	50	/
Medical Loan	10000	1%	52	/	15	50	15
Education Loan	5000	1%	52	/	15	50	/

Loan Security Scheme

It is compulsory for the borrowers as it ensures the repayment of loan amount in case of the borrower or the business holder’s death.


Capital Build-Up

A minimum of 10% of the loan amount is collected during the repayment and used as savings for the members.