• One loan to benefit several families
• To meet the urgent requirements of SHG Members
• To reduce the dependency on Rural money Lenders
• For undertaking manufacturing activities

For JLG: 4-10 MEMBERS, For SHG: 10-20 MEMBERS

• The group should have byelaws
• The group should have successfully undertaken credit operations from its own sources, preferably through a bank account.
• The group should maintain proper books of accounts / records
• The group can be registered or unregistered
• The group should conduct regular meetings
• The group should have regular internal lending and recovery

FOR JLG

• Maximum Rs. 5 lakh with a per capita ceiling of Rs.50000/-

FOR SHG

• First loan - Maximum Rs.10 lakh ( Based on savings)
• Second Loan - Maximum Rs.10 lakhs (Based on savings)
• Subsequent loan - Maximum Rs.15 lakh (Based on savings)

Margin

• Not Applicable
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Upto 10 lakhs

• Hypothecation of assets created out of bank finance, applicable in the case of investment / development projects

Above 10 lakhs

• Hypothecation of assets created out of bank finance
• Collateral securities equivalent to at least 12.5% of the loan amount, in the form of insurance policies, own deposits, other marketable securities, mortgage of property etc.

• JLG: 3-7 years in EMIs
• SHG: 3-5 years in EMIs

• Please visit Loan Interest Rates page for details