JLG

Product DetailsJoint Liability Group (JLG)
DescriptionGroup of 4 to 10 individuals engaged in similar type of economic activity formed for the purpose of availing bank credit against mutual guarantee of the members
Eligibilitya. The members of JLGs should be of similar economic status and carry out any economic activity.
b. JLG members should neither be a defaulter nor from the same family.
Purpose

Any economic activity of the members.

Max. Loan AmountRs.5 lakhs
Rate of Interest

14.5%

Other ConditionsPlease visit nearest Branch