Snehatheeram Project

Society for Assistance to Fisherwomen (SAF) in association with Co-operation Department is implementing Snehatheeram project- a micro credit scheme to fisherwomen through Primary Agricultural Credit Society (PACS). A co-operative society will sanction a Maximum of Rs.10 lakhs. The Project includes process of beneficiary selection and formation of micro units with 2-5 members. The bank loan to micro units will be at a low interest rate and the group can re-lend the amount.

Objectives of the Snehatheeram Micro Credit Scheme:

To establish a suitable mechanism so that the beneficiary would be able to access institutional credit and prevent the exploitations by private money lenders.
To offer small loans to the people of Kerala at the cost of meagre interest rates.
To assist people and help them to avoid availing loans from private financiers who charge exorbitantly high-interest rates.