The decision to form a group should be mutual and every member should take part in similar types of economic activities.
Banks offer a wide range of lending services to people, companies, and other entities. Usually, the goal of these services is to assist clients in meeting their financial obligations, such as buying homes, funding their schooling, or growing their enterprises.
| Criteria | Policy |
| Purpose | Credit to small / marginal farmers as well as other poor individuals |
| Area of Operation | The members should be residing in the same village and should know and trust each other |
| Age | 21-59 Years |
| Loan limit | Based on the purpose |
| Repayment Period | The repayment period is 36 months with Equated Monthly Installments(EMI) |
| Security | Agriculture land of one acre either from individual/group will be taken for mortgage as security to avail loan |
| Documents required | Group Photo |
| Group Resolution | |
| KYC of each member | |
| Tripartite Agreement | |
| Joint Liability Agreement | |
| Two post dated cheques to be collected from guaranteer | |
| Title Deed in original |
** For any further queries please contact to nearest branch
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