Group Loan Ideal For
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Group Loans for Growth
Designed for women’s self-help groups and joint liability groups, our Group Loans enable members to access funds collectively while supporting each other's growth. Ideal for small business ventures, daily needs, or emergencies, these loans foster a spirit of unity and mutual progress.
Key Features:
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Loans for 5–10 members per group
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Loan amount based on group eligibility and needs
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Minimal documentation and easy processing
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Weekly or monthly repayment options
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No collateral required
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Doorstep service and group meetings for convenience
Document Required
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KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
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Passport Size photo
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Letter of Sponsorship from the Sponsoring agency.
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JLG Membership Form
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Loan Application Form
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Mutual Liability Agreement
Fees & Charges
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No loan Processing fee/ Documentation Charges/inspection charges will be levied if the per member exposure is up to Rs. 10,000/-.
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File and insurance charges 4% of the loan amount
Salient Features
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1.Maximum loan limit per SHGRs.25.00 Lakh
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2.Maximum loan limit per beneficiary Rs. 1.25 Lakh
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3.Maximum number of persons in one SHG 20
Implementation
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The scheme is to be implemented by Channel Partners and NBFC-MFI or similar Financial Institutions in rural and urban areas.
Rate of Interest & Repayment Period
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To NBFC-MFI or similar Financial Institution ( 16% p.a. )
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Repayment Period ( 2 Year )