Processes > Appraisal and
There are three (3) stages in
Stage (1) Every
Self Help Group
which is a member of the SMBT is graded and evaluated as per well
laid out clear indicators of Performance. Only groups which get
atleast a grade of 'B', among the grades ranging from A-D will be eligible to apply for a loan from the SMBT.
(2) When an application is forwarded by a
SHG, a loan committee at the
SMBT will approve the loan before the Field executive of SNFL
appraises and evaluates the loan applications.
The field executives of Sarvodaya Nano Finance Ltd. will scrutinize the applications submitted by the SMBT
concerned, supported by the applications from the SHGs, on aspects
of gradings, membership, regular attendance of meetings, savings,
internal rotation of savings, bookkeeping, earlier history of the
SHG loan taking and audit where required. Any SHG, which is more
than one year old, will have to undergo an audit by an external
qualified chartered accountant.
If satisfied, the executive will recommend the loan, else reject the
Once the application reaches the office of SNFL, the same is once
again scrutinized by the Loan Processing Department and if found to
be satisfactory, the same will be placed before a loan committee at
SNFL also which may or may not approve the loan after due diligence