Agri Joint Liability Group
Loans for income generation and social development
YES Joint Liability Group (JLG) is the Bank’s latest initiative to provide banking services to the bottom of the pyramid in rural, semi-urban and urban India. The initiative is based on the Joint Liability Group methodology where in the term loans provided to individual members of a JLG is provided for income generation and achieving social development.
The Bank provides direct financing, in partnership with other institutions such as NBFC microfinance institutions that have a wide network in India to reach to the most needy and financially excluded segments.
This group is the Bank’s latest initiative to provide banking services to the bottom of the pyramid in rural, semi-urban and urban India.
The Bank provides direct financing, in partnership with other institutions.
More than 60 agri-commodities financed across 97 locations pan India
Speedy loan sanction within 1 day for cases up to Rs 2cr
Longer tenure of Credit facility extending up to 11 months based on commodity shelf life
Prompt customer services through our specialized officers at each location
Simpler assessment and faster TAT
View are other hosts of benefits
Ideal for Farmers, Agri intermediaries, Processors, who are owners of Agriculture Commodities.
Helps avoid distress sales, neutralizes the seasonality in commodity prices
Facilitates better income for farmers by enhancing their holding capacity through timely availability of credit facility.
Quick loan processing and disbursement with minimal documentation
Attractive Rates of Interest
Loan available for commodities kept at both private and government warehouses in the safe custody of professional Collateral Managers
Speedy release of commodities after repayment of loan
Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much moreRead More