Joint Liability Group
Purpose
- Collateral-free financing of small groups of people (4-10)
- Short Term loan for various activities i.e. production, farm equipment, land developemnt, irrigation etc
Features
- LOW margin
- Attractive Interest rate strating with --.--%*
- LOW processing charges
- Gestation available
Eligibility
- Age: 18 to 70 yrs
- No of Members : 4 - 10
- Farmers having own land/Share Croppers/Oral Lessee/Tenant Farmers: last three categories should preferably be financed in JLG mode
Documents
- Member Introduction Farm
- Loan Application-cum-Appraisal Form
- Joint Liability Agreement from all members on Rs.100/- Non-Judicial Stamp
- DP Note
- DP Note Delivery Letter
Facilities
- Easy Repayment : 36 to 60 months
- Choice of Loan : Short Term revoloving Cash credit and Term loan
Rates & Others
- Click HERE for more details about interest rates& service charges.
- For more quries please contact to your nearest branch.
