Repayment

• The facility would be for a total tenure of minimum 6 months and maximum 24 months.
  
• A moratorium of 3 months on principal amount to be given after disbursement. Applicable interest to be serviced monthly. After Moratorium period it will be EMI. Tenure not to exceed 24 months.
  
• Payable by post-dated cheques (PDCs) /Electronic Clearance System/ instructions of direct debit to ICICI Bank account.
  
• The PDC given by SHG shall be banked directly in the loan accounts of SHGs by ICICI bank.
  
• ICICI Bank would also hand over the repayment schedule to the SHGs and SHPI.
  
• There are penalties for late payment of dues.