FINANCING JOINT LIABLITY GROUP - Agri & Rural

FINANCING JOINT LIABLITY GROUP

Agri & Rural Crop Loan Gold Loan Micro Credit

Farm mechanization Loan Allied Activities Miscellaneous Activities Government Schemes Agriculture Loan Application

FINANCING JOINT LIABLITY GROUP

Financing to JLGs for Sustainable Livelihoods

To augment flow of credit to Micro Entrepreneurs /artisans / individuals in Non-Farm Sector activities and Allied Agri activities
For financing to generate employment opportunities through setting up of new/scaling of existing Self Employment ventures/projects/micro units as per State Specific Schemes

Eligibility Criteria

Members should be of similar gender, socio-economic status, and background carrying out similar activities and who agree to function as a Joint Liability Group.
The members should be engaged in non-farm activities or Allied Agri activities within the area of operation of the Branch.
All other criteria as per RBI -Regulatory Framework of Microfinance

Loan Amount

Group Lending-Model
Minimum: Rs.60,000/-
Maximum: Rs.10 Lakhs

Facility

Demand Loan

Margin

Nil

Moratorium

One month

Repayment Period

Minimum 12 Months- inclusive of moratorium period
Maximum 36 Months - inclusive of moratorium period

Security

Primary & Collateral – NIL

Loan Documents

Articles of Agreement for financing JLGs
Inter se Agreement
D.P. Note and D.P. Note Delivery Letter

Interest Rate

12% Fixed rate of interest
(Subjected to change from time to time based on banks Guidelines)

Other Charges

Nil as per regulatory framework on microfinance loans and Policy on Microfinance loans

Last Updated On : Saturday, 17-05-2025

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