Joint Liability Groups
Purpose: To augment flow of credit to farmers, especially small, Marginal, tenant farmers, oral lessees, share croppers / Individual taking up farm activities.
Eligibility: Small & Marginal Farmers / Tenant Farmers / Oral Lessees and Share Croppers.
Quantum of Loan: Maximum Loan for Individual Rs 1,00,000/-
The maximum loan limit will be need based and to be assessed as per the Bank norms.
Who can form JLG: Bank branches, Business Facilitators, NGOs, Farmers Clubs, Farmers Associations, Panchayati Raj Institutions (PRIs) Krishi Vikas Kendras (KVKs), State Agriculture Universities (SAUs), Agriculture Technology Management Agency (ATMA), PACS, Other Cooperatives, Govt. Depts, Individuals, Input dealers and Document writers (in cooperative banks), MFIs/MFOs etc.
Rate of Interest: Check rates on website for latest interest rates
Criteria of Membership: Members should belong to similar socio-economic status and same village / area/ neighborhood. More than one person from the same family should not be included in same JLG.