What is CCL and how does it happen?
CCL or Cash Credit Limit is economic help that is provided by the bank in the form of a loan at a low interest rate. Though the interest rate is 12 percent per annum, some groups that are run under RGMVP and are following best practices, get an interest rate as low as 6 percent. Those groups that have been running for six months, follow best practise, loan and return their own savings, and need credit become eligible for the CCL once they get 75 marks in the grading. Stamp paper worth Rs 100 is required; the agreement is signed on this. Other papers required are: an application from the organisation which has established the group called the Sponsorship Letter, on which all members photographs are pasted which is proof of the SHG, a letter from the bank which is called articles of agreement, and a request from the SHG which has all members signatures.
