This is the type of loan provided to a group of ladies (whose number may vary from a minimum of 5 an d maximum of 20 ) . This type of loan is secured by their mutual guarantee.Particularly , this kind of loan is aimed to provide them the requisite capital to start-up or expand their business venture. The members are required to offer a joint undertaking to Grama Suraksha Integrated Foundation (GSIF) stating that they are jointly liable for the repayment of the borrowed amount of loan on Mutual guarantee basis. The repayment period is generally 12 months to 18 months.

Loan amount under JLG scheme :-

Depending upon the purpose of the loan being applied for and taking into consideration the factors like the personal credentials of the members like individual credit score, monthly income of the borrowers, scope of timely repayment of the loan, the sanction amount varies from 20,000 per head to 50,000 per head.

Documents required to be submitted for JLG loan :-

Generally, the JLG loan is sanctioned to the members when it has been ensured that the credentials of each of the members are properly verified at the Head office and branch level. The documents suggested for loans as per the guidelines issued by the Ministry of Corporate Affairs (MCA) from time to time are required to be submitted by each of the members for the purpose of loan.

Penalty Charges:-

In case of the borrower fails to re-pay the EMIs at the fixed intervals (weekly / monthly) as briefed to them at the time of loan disbursement, the borrower is/are liable to pay the penal charges along with the due EMI. Generally it is a fixed charge. regarding the loan process like the loan sanction procedures and repayment proces s you are requested to contact any branch of Grama Suraksha Integrated Foundation(GSIF).