Financing growth & transforming rural India.

Bank of Baroda, for rural India, with rural India.

Joint Liability Group Loan

  • Benefits
  • Features
  • Eligibility Criteria
  • Document Required
  • Fees & Charges
  • Most Important Terms & Conditions (MITC)

Joint Liability Group Loan : Benefits

  • No collateral and margin is required for loans up to Rs 10.00 Lakhs
  • Nil Pre-payment Charges

Joint Liability Group Loan : Features

  • 4-10 individuals coming together for the purpose of availing bank loan on individual basis or through group mechanism against mutual guarantee.
  • The members should be residing in the same village/ area/ neighbourhood and should know and trust each other well enough to take up joint liability for group/individual Loans.
  • The JLG should hold regular meetings under effective leader of group to discuss issues of mutual interests.

Joint Liability Group Loan : Eligibility Criteria

  • iMembers should belong to similar socio-economic status, background and environment carrying out farming and Allied activities and who agree to function as a joint liability group. The groups should be homogeneous and organized by likeminded farmers/Individuals and develop mutual trust and respect.
  • The members should be residing in the same village/ area/ neighbourhood and should know and trust each other well enough to take up joint liability for group/individual Loans.
  • Members who have defaulted to any other formal financial Institution, in the past, are debarred from the Group Membership.
  • More than one person from the same family should not be included in the same JLG.

Joint Liability Group Loan : Document Required

  • KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
  • Passport Size photo
  • Letter of Sponsorship from the Sponsoring agency.
  • JLG Membership Form
  • Loan Application Form
  • Mutual Liability Agreement

Joint Liability Group Loan : Fees & Charges

No loan Processing fee/ Documentation Charges/inspection charges will be levied if the per member exposure is up to Rs. 25,000/-.

Joint Liability Group Loan : Most Important Terms & Conditions (MITC)

Type of facility Cash Credit/Term Loan
Quantum of Loan
  • Maximum Loan for Individual: Rs 1.00 Lakh
  • Maximum Loan to JLG: Rs 10.00 Lakhs
Rate of Interest
  • Limit upto Rs 3.00 Lakhs: One year MCLR+SP
  • Limit above Rs 3.00 Lakhs: One year MCLR+SP+1.00%
Pre- payment and foreclosure No prepayment penalty and foreclosure charges applicable
Security Mutual Liability of all members
Repayment Monthly
Request Callback

Please fill in these details, so we can call you back and assist you.

Select Loans and Advances Type
  • Advances to Food Agro Based Units Under Agriculture
  • Financing Agriclinics & Agribusiness Centres by Agriculture Graduates
  • Baroda Animal Husbandry and Fisheries Kisan Credit Card (BAHFKCC) Scheme
  • Baroda Kisan Credit Card (BKCC)
  • Baroda Kisan Tatkal Loan Scheme
  • Cultivation of Crops (Excluding Plantation and Horticultural Crops)
  • Warehouse Receipt Financing
  • Financing Agencies Providing Custom Services To Farmers
  • Financing Construction of Farm Buildings Structures
  • Financing Development of Dairy, Poultry, Fishery, etc.
  • Financing Four Wheeler Loans to Farmer
  • Financing Irrigation
  • Joint Liability Group Loan
  • Financing Protected Cultivation Projects
  • Financing Tractors and Heavy Agriculture Machinery
  • Financing Under Self Help Groups (SHGs)
  • Financing Installation of Gobar Gas/Bio-gas Plants
  • Financing Solar Home Lighting Scheme
  • Lending to Agriculture Other Priority Sectors demand loan for financing against
  • Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod)
  • Loan for Installation of Solar Photovoltaic Pump Sets
  • Tractor Loans
  • Overdraft Scheme for Working Capital Assistance to the Food Agro Processing Unit
  • Planters Card Scheme
  • Purchase of Estates/Orchards Growing Traditional Plantation Crops
  • Scheme for Financing Farmer Producer Companies / Organizations (FPCs / FPOs)
  • Scheme for Financing Farm Development Activities
  • Scheme for Financing Mini Dairy Units
  • Scheme for Financing Pradhan Mantri Matsya Sampada Yojana (PMMSY)
  • Animal Husbandry Infrastructure Development fund (AHIDF)
  • Scheme for Financing under Agriculture Infrastructure Fund
  • Shahari Bagwani Yojana
  • Loans for Solis/Godowns for Storage of Agriculture Produce
  • Horticulture Loan Scheme
  • Scheme for Financing Compressed Biogas (CBG)
  • Financing under PM Formalization of Micro Food Processing Scheme
  • Two Wheelers (Motorcycle/Scooter) Loan to Farmer
  • Credit Facility for Food and Agro Business with Warehouse/Storage Receipts Loans

Thank you [Name] for showing interest in Bank of Baroda. Your details has been recorded and our executive will contact you soon.

Frequently Asked Questions (FAQs)

  • What is a joint liability group loan?

    Joint Liability Group loan (JLG) is when an informal group of 4-10 individuals form a group to avail a bank either individually or collectively. The decision to form a group should be mutual and every member should take part in similar types of economic activities.

  • What is the maximum loan amount in JLG?

    For individuals: Rs. 1 lakh. For groups: Rs. 10 lakhs.

  • What kind of collateral is required for the JLG loan?

    There is no such requirement asked by a bank to a JLG.

  • Which member in JLG group is liable for repaying the JLG loan?

    Each member is liable to repay the JLG loan scheme.

Add this website to home screen

Are you Bank of Baroda Customer?

This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.

The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.

Proceed to the website

Thank you for visiting

We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, Privacy Policy and Terms & Conditions please click here. By continuing to browse this website, you consent to our use of cookies and agree to the Privacy Policy and Terms & Conditions.