About Loan Scheme For SHG/JLG
SHGs are small groups- formal or informal, of individuals promoting saving habit among members. These savings are then lent by the group to the members for income generating purpose, and to provide financial support to the member in need. This group has to maintain proper accounts and records at all times,
JLG is an informal group of individuals coming together for the purpose of availing a bank loan either singly or through the group mechanism against mutual guarantee in order to engage in similar type of economic activities.