This program offers benefits to small business owners, salespeople, hawkers, etc. Even if the depositor is unable to make regular contributions, there is no penalty. A deposit account may be prematurely closed under certain circumstances. Loans are available up to a maximum of 85% of the Pigmy account balance.

representative pick up the cash at the account holder’s door. For the benefit of the client’s day-to-day activities & business growth, loans secured by pigmy deposits are made available. Up to three times the balance in the Pigmy Deposit account can be borrowed. Loans range from Rs. 10,000 to a maximum of Rs. 2,000. Our first loan is limited to Rs. 30,000 maximum. Additionally, there is a pigmy repayment method (Daily Basis). It really aids in our client’s ability to repay loans on time and do so without difficulty.

A shopkeeper has a daily investment of 100, 200, or more on that basis we do Pigmy loans. There are slabs in pigmy loans like if someone is paying some specific amount then they will get 1 Lakh rupees. When the account holder starts their daily investment then their withdrawal of money will start after 3 months. After 3 months the account holder will the loan. The interest on the Pigmy loan is 18% without a mortgage.