Group Loan

Joint Liability Group Loan

  • It is an informal group comprising of Minimum 4 to Maximum 10 members
  • It is an activity oriented group
  • To carry out crop cultivation and other agriculture allied activities,
  • Other productive/investment purposes
  • Small Farmers (SF) /Marginal Farmers (MF)/Tenant Farmers/Oral lessees and Share Croppers in Farm Sector
  • Micro Entrepreneurs/Artisans in Non-Farm Sector.
Extent of Loan
  • Based on the activity
Type of Loan
  • Term Loan (or) Cash Credit for cultivation of crops
Security/ Margin
  • Hypothecation of assets created out of loan
  • No other collateral security will be insisted upon up to the limits fixed by the bank from time to time except for hypothecation of assets created out of the loan.
Rate of Interest
Period of Loan &
  • 60 Months for Term Loan
Processing charges
  • 0.60% of the Limit sanctioned
How to apply
  • Please contact nearest Tamil Nadu Grama Bank’s Branch for more details