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Group Lending
JLG Loans
Joint Liability Group financing — our highest-volume engine for smallholders and artisans.
Interest rate
12–15% Reducing Balance
Loan size
Up to ₹10,00,000 per group
Tenure
Up to 12 months
Overview
About this product
JLG loans support smallholder farmers, artisans, and new-generation micro-entrepreneurs. Joint liability replaces traditional collateral with social capital and shared accountability.
Who it's for
Smallholder farmers, artisans, micro-entrepreneurs (groups of 5–10).
Key features
- Joint liability model
- Productive-use lending
- Doorstep collection
- Insurance bundled
Simple Process
How to apply
- 1Formation of JLG (5–10 income-generating members)
- 2Compulsory group training (CGT) over 3 days
- 3Group recognition test (GRT) by branch manager
- 4Individual KYC + household income assessment
- 5Loan sanction & disbursal to individual members
- 6Fortnightly EMI collection in group meetings
EMI Calculator
Plan your JLG Loans EMI
Adjust the loan amount, rate and tenure to see your indicative monthly EMI and total payable.
₹5,50,000
₹1,00,000₹10,00,000
13.5%
12%15%
12 months
324
Monthly EMI
₹49,254
Total interest
₹41,043
Total payable
₹5,91,043
Indicative only. Final EMI depends on credit appraisal, insurance premium (1.5% borrower protection) and any applicable processing fee.
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