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Women Group Loan

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Women Group Loan
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Women Group Loan

The Joint Liability Group (JLG) loan scheme is strategically formulated to empower women entrepreneurs and self-help groups by providing accessible financial resources tailored to the unique challenges faced by women-led micro and small enterprises. These loans, ranging from ₹50,000 to ₹5,00,000 per candidate, support income-generating activities, skill development, and sustainable business models within the community. Our company’s JLG loan facilitates group lending by leveraging collective responsibility and mutual trust, which enhances credit accessibility and lowers default risks. With a preferential fixed interest rate of 3.9% per annum and flexible repayment tenures of 1 to 10 years, the scheme fosters financial inclusion, gender equity, and socio-economic empowerment. Documentation requirements are simplified to encourage wider participation, and the program is designed to strengthen women’s economic independence and resilience.

Features
  • Loan amount ranges from ₹50,000 to ₹5,00,000 per candidate, based on group choice
  • Interest rate fixed at 3.9% per annum
  • Disbursal within 15 working days
  • Tenure ranges from 1 to 10 years
  • File Security Money of ₹3,860/- applicable, ₹3,300/- refundable on closure
Eligibility & Documents Required
  • Registered women self-help group or society
  • Group registration certificate and individual KYC of members
  • Documents include group registration, ID proof of each member, group bank statements, PAN card (if applicable)
Interest Rate

Fixed interest rate of 6% per annul applicable on the loan amount Interest rates are fixed and non-negotiable.

Loan Tenure

Loan repayment tenure ranges from 1 year to 10 years, depending on loan amount and borrower’s preference.

Processing Responsibility

Any delay or interruption in the loan application or disbursal process arising from the customer’s or agent’s side will be beyond the company’s control and responsibility.

Frequently Asked Questions (FAQs)

  • Q1: Can individual women apply for this loan?
    A: No, only registered women groups are eligible.
  • Q2: Is income proof required for members?
    A: It depends on the group’s nature and company policies.