✅ What is a Group Loan? ( समूह ऋण क्या है?)
A Group Loan is a type of microfinance loan provided to a group of women, rather than to individuals. It is designed to promote financial inclusion, empowerment, and self-reliance among women in rural or low-income areas.
समूह ऋण (Group Loan) एक प्रकार का सूक्ष्म वित्तीय ऋण है जो एक महिला समूह को सामूहिक रूप से दिया जाता है, न कि व्यक्तिगत रूप से। इसका उद्देश्य ग्रामीण और निम्न-आय वर्ग की महिलाओं को आर्थिक रूप से सशक्त बनाना और आत्मनिर्भरता को बढ़ावा देना है।
Features of Group Loan
Collective Power
Loans are issued to groups, fostering shared responsibility and mutual accountability.
Flexible Terms
Repayment schedules and terms can be customized to suit the group’s income cycle.
Dedicated Support
Personalized assistance from field officers during and after disbursement.
No Collateral Needed
No need to pledge assets. Group trust acts as the guarantee.
Eligibility Criteria
Minimum Members
Each group must consist of at least 7 active women members.
Valid Identification
All members must provide valid ID and address proof.
Eligible Age
Members should be between 18 and 60 years of age.
Same Locality
Members must reside in the same village or neighborhood.
Types of Group Loans
Business Group Loan
Support for women-led small businesses such as tailoring, food stalls, or retail shops.
Community Development Loan
For collective goals like water filters, solar panels, or shared livestock.
Agricultural Group Loan
For farming-related needs like seeds, fertilizers, or equipment.
Additional Details
- Low Interest: Affordable interest rates, with special incentives for timely repayments.
- Quick Approval: Minimal paperwork and doorstep KYC ensure fast loan processing.
- Financial Literacy: Free workshops and guidance on budgeting, saving, and business planning.
- Digital Access: Track loan status, EMIs, and repayment dates via our mobile app.
Documents Required
- Identity Proof
- Aadhar Card
- Voter ID
- Passport
- Address Proof
- Utility Bill
- Ration Card
- Group Agreement
- Signed group loan agreement by all members