Chethana (JLG Loans)
Chetana Loans are given for income generation purposes and are designed for low income households that aspire to improve their financial well-being through small ventures.
The primary objective of this loan is to empower women for setting up and expanding income generating activities (such as grocery stores and tailoring shops), smoothening household cash flows and acquiring productive assets (such as cattle and sewing machines). A hassle free Monthly repayment option ensures that clients can save from their daily cash-flows and do not face repayment stress.
The loan size is up to 80,000 with tenure of 1 to 3 Years.
The interest rate of this product is 21.37% with 1% upfront processing fee excluding GST.