jlgs in A Sentence

    1

    The Banks Financing of Jlgs.

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    2

    For Individual members and Jlgs: The maximum loan limit will be need based, to be assessed as per the BKCC norms.

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    3

    The Jlgs for specific activity, e.g. production of pulses/vegetables/fruits or weaving may be federated at village/block level for development of the product.

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    4

    Financing of Jlgs was introduced as a pilot project in 2004-05 by NABARD in 8 States with the support of 13 RRBs.

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    5

    In case of lending to SHGs/Jlgs, the loan limit shall be applicable per member of SHG/JLG and not to the group as a whole.

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    6

    Typically the mode of delivery of such loans could include individuals engaged in specific micro-enterprise activities, as well as various joint liability groups(Jlgs) and self-help groups(SHGs).

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    7

    Farmers, Groups of farmers, SHGs, Jlgs, Corporates including farmers' Producer companies of individual farmer, Partnership firms and Cooperatives of farmers directly engaged in Agricultural and allied activities.

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    8

    Jlgs are informal groups of 4-10 members engaged in similar economic activities and willing to jointly undertake the responsibility to repay loans taken by the group from a bank.

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    9

    Any individual or group of individuals i.e., Jlgs/SHGs, institution or organization are eligible for finance which will have sufficient and regular income either from own farm activity or custom hiring incomes from the tractor proposed to be purchased and its accessories.

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