Concept
It is an informal group comprising of Minimum 4 to Maximum 10 members
It is an activity oriented group
JLG
Joint Liability Group loan for members engaged in similar economic activity.
Purpose
To carry out farms and Non farms activity.
Eligibility
Small Farmers (SF) /Marginal Farmers (MF)/Tenant Farmers/Oral lessees and Share Croppers in Farm Sector
Micro Entrepreneurs/Artisans in Non-Farm Sector.
Extent of Loan
Based on the activity
Type of Loan
Term Loan
Security/ Margin
Hypothecation of assets created out of loan
No other collateral security will be insisted upon up to the limits fixed by the bank from time to time except for hypothecation of assets created out of the loan.
Rate of Interest
Please refer Interest rate chart / visit our nearest branch
Period of Loan & Repayment
60 Months
Processing charges
0.75% of the Limit sanctioned
How to apply
Please contact nearest Puducherry Grama Bank’s Branch for more details
Ready to explore this loan further?
Visit your nearest branch to confirm eligibility, interest details, repayment options, and the full application checklist.
