Swayamshree

Mahila Samabaya Samiti Ltd.

Regd No - (OCS)- 10/RCS/2014

  • Cuttack : (+91) 0671 - 2334077
  • Badamba : (+91) 06721 - 273020
  • Bhubaneswar : (+91) 0674 - 2472001
  • TollFree No : 18003457168

Products & Services

SMSSL offers a package of financial services consisting of savings, credit-for both production and consumption purposes together with micro insurance and micro pension services. At the moment it is offering two main savings products and ten loan products which help clients to take up various economic and business activities. The Loan Term varies from 6-30 months, based on the product purpose. The maximum loan size is fixed at 1,00,000 for all loans. The table below reflects the product details of SMSSL.

Savings Mobilization:

Savings play an important role in the microfinance program of SMSSL. In fact its microfinance has been largely a savings led program. It all started with education and mobilization of savings and promotion of internal lending in the SHGs initially. Being encouraged by the need and benefits of savings, the members make regular savings and through the staff deposit that in their accounts at SMSSL. The details of the savings are being entered in the individual passbook of the members at the group levels. The same information is also recorded at the MFI level through computer-based software. Withdrawal facility on savings is made available to the members in time of their need

Name of the Product Amount Loan Term Interest Processing fee
Productive Loan-Small Business Loans 1:5 of both the savings or Rs. 20,000/- (which ever is minimum) 18 months 16% on reducing balance basis 1.18% (Include GST)
Enterprise Loan 1:5 of both the savings or Rs. 40,000/- (which ever is minimum) 24 months 16% on reducing balance basis 1.18% (Include GST)
Agriculture Loan 1:5 of both the savings or Rs.40,000/- maximum 12 months 16% on reducing balance basis 1.18% (Include GST)
House Repairing Loan Up to 2,00,000 36 Month 16% on reducing balance basis 1.18% (Include GST)
Debt Recovery Loan        
Education  Loan 1:5 of both the savings or Rs. 7,500/- (which ever is minimum) 18 months 16% on reducing balance basis 1.18% (Include GST)
Emergency loan (Health) 1:5 of compulsory savings or Rs. 5000/- (which ever is minimum) 18 months 16% on reducing balance basis 1.18% (Include GST)
Festival Loan
Durga puja
EID, X-mass
Pongal etc
1:5 of compulsory savings or Rs. 5000/- (which ever is minimum) 10 months 16% on reducing balance basis 1.18% (Include GST)
Asha Loan 1:5 of compulsory savings or Rs. 6000/- (which ever is minimum) 18 month No interest is charged, however, an  up- front fee of 5% is  deducted at the time of disbursement 1.18% (Include GST)

Micro Insurance & Pension Services :

The cooperative has given equal importance to extend micro insurance services to its members mainly to help them mitigate various risks. Initially it collaborated with Royal Sundaram to extend the non-life insurance services for the members Currently SMSSL works closely with other mainstream insurance service providers including Birla Sunlife, Kottak and LIC on this. SMSSL has also taken necessary measures to avail the micro pension services for its members through Adhikar & LIC.