Sustainable Livelihood Initiative

Introduction

Our Sustainable Livelihood Initiative (SLI) is a holistic approach that aims to deliver financial support to that section of the population who lack access to formal banking services. By making loan availability convenient and stress-free, our objective is to empower SHGs and JLGs with financial independence and eliminate their dependence on money lenders.

So far, HDFC Bank SLI has enabled women to avail credit and utilise it for professions such as livestock rearing, handicrafts, tailoring, artificial jewellery designing, setting up grocery shops, etc. It has also augmented cash flow to farmers by extending collateral-free loans.

Loan amount

Minimum - Rs.10,000/- for JLG & Rs.5,000/- for SHG
Maximum - Rs.1,00,000/- per member

Type of borrowers

Women

Tenure

Upto 24 Months for JLG
Upto 36 Months for SHG

Interest rates

11.5% to 19% p.a for SHG
22% to 25 % p.a for JLG

Repayment frequency

Weekly / fortnightly /Monthly

Charges

No processing Fees
No closure charges
No pre-closure charges
Delayed Payment Interest Charge# At contractual rate at which loan is disbursed for the number of delayed days on overdue instalment amount

# If you pay your EMI after the due date, interest will be charged on unpaid EMI for the number of days you are late. This interest is calculated at your loan’s contracted rate and will be added to your next EMI.
Example:
📅 EMI Due Date: 10th
💰 Payment Made On: 25th
⏳ Delay: 15 days
💸 Impact: Interest for these 15 days will be added to your next EMI.
Please pay on time to avoid this.

Documents required

Identity and address proof (copy of voter ID card/driving license/Aadhaar)
Loan track records (if any loans are obtained)

Sustainable Livelihood Initiative

Features