Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is MCP?

April 26, 2017MCP

0

Posted

What is MCP?

1 Answer

0

Posted

MCP or Micro Credit Plan has seven components: 1. complete information about the SHG; 2. complete information about every member of the SHG; 3. a description of the income and expenditure of every member; 4. family income plan; 5. a description of the loans taken under the first CCL; 6. a description of the loans taken under the second CCL; and 7. an agreement between the members and the SHG, and between the SHG and the CLA. Through the MCP, the SHG can get Rs 5 lakh for activities such as income generation, freedom from debt and social development schemes.