Financing to individual member of JLGs for Sustainable Livelihoods through Co-lending Arrangements with (NBFC & NBFC -MFIs)

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FINANCING THROUGH CO-LENDING ARRANGEMENT (LOAN TO INDIVIDUAL MEMBER OF JLGs)
FINANCING THROUGH CO-LENDING ARRANGEMENT (LOAN TO INDIVIDUAL MEMBER OF JLGs)
FINANCING THROUGH CO-LENDING ARRANGEMENT (LOAN TO INDIVIDUAL MEMBER OF JLGs)

Financing to individual member of JLGs for Sustainable Livelihoods through Co-lending Arrangements with (NBFC & NBFC -MFIs)

  • 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 partner NBFC.
  • All other criteria as per RBI -Regulatory Framework of Microfinance

Loan Amount

  • Co-Lending-Model
  • Minimum: Rs.10,000/-
  • Maximum: Rs.3 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

Application, Arrangement Letter, Loan Agreement, D.P. Note and D.P. Note Delivery Letter


Interest Rate

10.5% Fixed rate of interest (Minimum) + Servicer Fee Component as per Co-lending Arrangement with NBFCs/NBFCs (MFIs) Minimum/Maximum/Average Interest Rate: Minimum – 10.50%, Maximum- 20.00%, Average- 15.25% (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 : Monday, 30-06-2025

Interest Rates

7.50%* p.a. onwards

w.e.f. 15.06.2025

*T&C Apply.

 

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