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.

Special features:

  • 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.

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