Joint Liability Group (JLG) Loans
JLG is a group lending product. Any individual or proprietary concern engaged in retail trading /service/ manufacturing activity or allied agricultural activities with regular income.
- Min Members in the Group: 3 Max: 5 with mutual co-obligation.
- The business activity should be existing for atleast one year with satisfactory performance.
- The finance shall be made by way of term loan having a tenor not more than 36 months.
- Limit from 10,000 to 200000/- as per scheme guidelines.
- Recovery collection by daily mode through CSD agent with door service.
- Rate of Interest is 18.50%
Please contact our nearby Branch for details.