JLG Loan

About JLG Loan

Joint Liability Groups (JLGs) are small groups where members collectively share responsibility for loan repayment. Bihar State Cooperative Bank offers JLG Loans under Priority Sector Lending to promote women empowerment and support income-generating activities in both rural and urban areas. These loans are provided without collateral and are based on the group guarantee concept.

Product Features

• Loan amount up to Rs. 1 Lakh
• Low processing fee (applicable above Rs. 25,000)
• Repayment tenure from 18 to 24 months
• Low rate of interest
• No hidden charges

Eligibility

• Applicant must be a permanent resident of the area
• Only one loan per family (single kitchen concept)
• Age group: 18 to 55 years
• Loan disbursement in groups of 5–10 members

Purpose

• Income-generating activities
• General or consumption-related needs

Documents Required

• KYC documents
• Joint photograph of borrower and co-borrower
• Duly filled loan application form
• Group guarantee documents

For more details, please visit your nearest branch.