Joint Liability Group (JLG)

J L G Inauguration

A Joint Liability Group (JLG) is an informal group comprising of 5 – 10 individuals coming together for the purpose of availing bank credit on individual basis or through group mechanism against mutual guarantee.
Generally, the members of a JLG would engage in a similar type of economic activity in the Agriculture / Allied Sector / Non Farm Sector. The members would offer a joint undertaking to the bank that enables them to avail loans.

Criteria for Membership

Member should belong to similar Socio – Economic status background and environment carrying one similar economic activities and willing to function as a Joint Liability Group.
Member should have mutual trust and respect.
Member should be residing in the same area and should know and trust each other will to take up join group loans or individual loans.
Member should not have defaulted to any financial institution in the past.
More than one person from the same family should not be included in the same JLG.

JLG Activities

Name : Savitha
Name of the SHG :Brahmashree JLG
Group Started on : 18-09-2022
Group A/c No: 352/ 631
Initial Investment : 150000
Anual Income : 200000
Monthly Total Saving : 40000
Name of the Bank : SCDCC Bank Guruvayanakere
Activities : Dairy Farming

Name : Jayashri
Name of the SHG : Shri Durga JLG
Group Started on : 20-07-2022
Group A/c No: 320/31
Initial Investment : 500000
Anual Income : 400000
Monthly Total Saving : 45000
Name of the Bank : SCDCC Bank Kokkada
Activities : Hotel

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