Group Loan Scheme

Empowerment Credit

Grow Together with Group Lending

Our **Group Loan Scheme** is designed to support Self-Help Groups (SHGs) and Joint Liability Groups (JLGs), primarily comprising enterprising women who wish to access financial services collectively. By organizing into small groups, members guarantee each other's creditworthiness, eliminating the need for hard collateral.

This peer-support model has proven highly effective in enabling local entrepreneurship, establishing household security, and fostering a community of mutual trust and financial literacy.

Key Scheme Features

• No Collateral Required: Members back each other through mutual guarantee, removing borrowing barriers.
• Low Interest Rates: Attractive interest rates starting at 18% p.a. to support sustainable group projects.
• Flexible Installments: Options for weekly, fortnightly, or monthly collections directly coordinated at the village/block level.
• Inclusive Credit: Includes training sessions on simple accounting, savings, and basic micro-business strategies.

Eligibility Requirements

Document Checklist

• Aadhaar Card: Proof of Identity and Address.
• PAN Card: Proof of tax/identity registration (if available).
• Group Resolutions Book: Formally recorded agreement to form group and seek credit.
• Bank Passbook: Active savings account under the group's name.