Income Generating Loans

Income generating loan though Joint Liability group ranges from Rs. 26,000 - Rs. 99,000 for tenure ranging from 12-24 months. The basic loan is repaid in equal weekly & fortnightly instalments’ at the choice of the borrower. Prepayment of principal is possible but only if the client settles the entire balance of the principal outstanding.

Lending Model Joint Liability Group (JLG)
Loan Amount Rs. 26,000 to Rs. 99,000
Tenure 12 – 24 months
Repayment Frequency Fortnightly/Weekly
Rate of Interest (Reducing Balance Method)

Terms & Conditions

  • Processing Fee Charged at the time of Disbursement.
  • Penalty is not charged in any case.
  • Prepayment of loan instalments allowed without penalty.
  • Loan is without collateral.
  • Loan is repayable by weekly & fortnightly at the choice of the borrower.
  • The Loans are sanctioned for supporting the members for undertaking Income Generating activities
  • We do not charge any type of other additional fee from clients.
  • Maximum permissible net loan exposure to a client is not more than Rs. 99,000/ (Loan repayment obligation of Borrower from all loans should not exceed 50% of monthly household income ).
  • Loan given to a household having annual Household Income upto Rs 3,00,000/-.
  • All the loans are mandatorily to be verified by Credit bureau before disbursement.
  • For any further information kindly contact the Toll Free No.1800-2100102.