Products and Services
Tailored Financial Solutions for Rural Progress
We offer need-based microfinance products that empower rural women and communities to build sustainable livelihoods and economic independence.
In accordance with the Master Direction – RBI (Regulatory Framework for Microfinance Loans) Directions, 2022
Products at a Glance
| Loan | Minimum Interest Rate (%) | Maximum Interest Rate (%) | Average Interest Rate (%) | Processing Fees (%) |
|---|---|---|---|---|
| Joint Liability Group (JLG) Loan | 26.50% | 26.50% | 26.50% | 1.50% |
| Water and Sanitation (WASH) Loans | 26.00% | 26.00% | 26.00% | 1.50% |
| Micro Enterprise Loans (MEL) or Individual Loans (IL) | 28.00% | 28.00% | 28.00% | 1.50% |
| Micro Small & Medium Enterprise Loans (MSME) | 20% | 28% | - | 2.50% |
1. Joint Liability Group (JLG) Loan: Microfinance Loan
| Product name | Joint Liability Group (JLG) |
| Brief description of the products | JLG is a lending model that enables a group of individuals (usually five) to take loans for income generating activity by forming a group, wherein group members guarantee each others’ loans. |
| Target Segment (Borrowers) | Female |
| Loan Amount | INR 10,000 - 60,000 |
| Loan Tenure | 12/18/24 months |
| Repayment Frequency | Bi-Weekly, 2 Bi-Weekly, Monthly |
| Interest Rate (w.e.f. 04.07.2023) |
Min - 26.50% Max - 26.50% Avg. - 26.50% (per annum on reducing balance) |
| Loan Processing Fee | 1.50% (of loan amount) + 18% GST |
| Life Insurance Premium covering both client & guarantor | At actuals |
2. Water and Sanitation (WASH) Loans: Microfinance Loan
| Product name | Water and Sanitation (WASH) Loans |
| Brief description of the products | Wash loan is given to the individuals for sanitation facilities including construction/ refurbishment/ renovation of household toilets and water improvements. |
| Target Segment (Borrowers) | Female |
| Loan Amount | INR 15,000 - 50,000 |
| Loan Tenure | 12/18/24 months |
| Repayment Frequency | Bi-Weekly, 2 Bi-Weekly, Monthly |
| Interest Rate (w.e.f. 01.06.2023) |
Min - 26.00% Max - 26.00% Avg. - 26.00% (per annum on reducing balance) |
| Loan Processing Fee | 1.50% (of loan amount) + 18% GST |
| Life Insurance Premium covering both client & guarantor | At actuals |
3. Micro Enterprise Loans (MEL) or Individual Loans (IL): Non-Microfinance Loan
| Product name | Micro Enterprise Loans (MEL) or Individual Loans (IL) |
| Brief description of the products | Microenterprise loan is given to the individuals for working capital or business expansion purposes who have at least 3 years old business. The tenure of the Loan is 2 years. This loan can be sanctioned to male and female both |
| Target Segment (Borrowers) | Female or Male |
| Business Capacity/ Turnover | 3-10 lacs per annum |
| Loan Purpose | Credit for working capital or business expansion |
| Loan Amount | INR 50,000 - 2,00,000 |
| Loan Tenure | upto 24 months |
| Repayment Frequency | Monthly |
| Interest Rate (w.e.f. 24/07/2024) |
Min - 28.00% Max - 28.00% Avg. - 28.00% (per annum on reducing balance) |
| Loan processing fee | 1.50% (of loan amount) + 18% GST |
| Life Insurance Premium covering both client & guarantor | At actuals |
4. Micro Small & Medium Enterprise Loans (MSME)
| Product name | Secured MSME |
| Product Launch | Oct / 2025 |
| Brief description of the products | MSME secured loan is meant for working capital for existing MSME only. The primary criteria is that borrower is having an existing micro, small or medium entrepreneur in the services or manufacturing industry. |
| Target Segment (Borrowers) | Female or Male |
| Lending Methodology | Micro and Small |
| Key features of the target clients (nature of business*, early stage businesses/ established businesses, turnover range, profit generating, any other) | Self-employed individuals/ firms Family run businesses, First generation Entrepreneurs Manufacturing, trading & services segment, may not have formal income documents, bureau footprint or standard collateral documentation as per bank norms Full time salaried employees with bank / cash salary |
| Tenure Range (Months) | 24 - 48 Months | Repayment Frequency | Monthly |
| States (Area of Working) | Rajasthan, Haryana, Uttar Pradesh, Madhya Pradesh |
| Loan Ticket Size range | INR 3,00,000 - 15,00,000 |
| Nature of Security/ Collateral taken | Yes (Property) |
| Processing Fees | 2.5% |
| Rate of Interest Range | 20% to 28% |
| Interest Rate Method | Reducing |
