MLCC MEPMA

The MEPMA-MLCC app supports the inclusion of urban poor communities in welfare schemes by enabling efficient management of support provided to Self Help Groups (SHGs). Designed specifically for authorized bank personnel, the app allows for seamless verification, tracking, and updating of group-related support activities. By digitizing these processes, the app ensures accuracy, transparency, and timely updates, helping to prevent errors and duplication. This strengthens the foundation of women-led groups, enhances their credibility, and promotes sustained growth and empowerment This app facilitates banking stakeholders to address queries of MEPMA beneficiaries. While the app does not directly offer loans, it enables documentation, tracking, and status updates for loan applications processed through formal financial institutions. As per Google Play policies for loan-related apps, the following sample loan terms are provided for reference: Minimum repayment period: 6 months Maximum repayment period: 5 to 7 Years Maximum Annual Percentage Rate (APR): above 7% Representative example: For a loan amount of ₹1,00,000 at 8% APR for a 12-month term, the monthly installment would be ₹8,699. The total repayment amount would be ₹ 1,04,386 including interest of ₹4,386. No additional processing fees apply.