Purpose

To provide collateral-free loans to JLGs for MSME, Agri-allied, and off-farm activities.

Eligibility

JLG with 4 to 9 members engaged in similar economic activity; proper KYC and credit checks required.

Limit and Margin
Loan Amount :
  • ₹1 lakh to ₹10 lakh.
  • No specific margin mentioned
Security
Primary :
  • Hypothecation of assets
Collateral
  • Not Required
Guarantee
  • Group and personal liability
    CGFMU Guarantee Coverage (For MSME activities).
Repayment
Primary :
  • Tenure: 36 to 84 months based on loan size
  • Moratorium: Up to 3 months based on activity
Rate of Interest

16 % per annum (fixed)

Charges

For Service Charges, Please Click here

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