Financing Joint Liability Group

In line with Governments policy of FINANCIAL INCLUSION, Reserve Bank of

India advised the banks through their circular dated July 14 !""# to open a separate
window for Joint $iability Groups % J$G & of 'enant (armers to ensure the e)tension of
certain portion of total credit to them* +ubse,uently -.B.R/ has conducted a study on
the impact of the programme in financing of farmers under the J$G model and salient
points came out as under0
i& /espite the increasing credit flow to agriculture sector increasing average loan si1e per
loan account indicates to inade,uate credit access to the marginali1ed portion of the
farming community*
ii& 2rogress in financing of farmers under J$G scheme has been slow and uneven*
iii& Rural -on3(arm +ector %R-(+& provides alternative employment and income
generation opportunities in rural areas in a sustainable manner especially through micro
enterprises and J$Gs are pursuing non3farm activities in various parts of the country in
order to enhance opportunities for livelihood in terms of income and employment*
In order to e)pand the outreach of the programme the -.B.R/ has revised the
operational guidelines for 4(inancing Joint $iability Groups %J$Gs& of +mall (armers
%+(&5 6arginal (armers %6(&5 'enant (armers5 7ral $essees and +hare 8roppers and
6icro 9ntrepreneurs:*
'he revised guidelines for financing J$Gs is given below*
THE SCHEE FO! JLG FINANCING "FA! SECTO!#
$% Ob&'cti(')*
'o augment flow of credit to farmers especially small marginal tenant farmers
oral lessees share croppers5 individuals taking up farming activities*
'o serve as collateral substitute for loans to be provided to the target group*
'o build mutual trust and confidence between bank and the target group*
'o minimi1e the risks in the loan portfolio for the banks through group approach
cluster approach peer education and credit discipline*
'o provide food security to vulnerable section by enhanced agriculture
production productivity and livelihood promotion through J$G mechanism*
+% G'n'ral ,'atur') o, JLG*
. Joint $iability Group %J$G& is an informal group comprising of 431" individuals
coming together for the purpose of availing bank loan on individual basis or through
group mechanism against mutual guarantee* Generally the members of a J$G would
engage in a similar type of economic activity in the .griculture and .llied sector* 'he
members would offer a ;oint undertaking to the bank that enables them to avail loans*
J$G members are e)pected to provide support to each other in carrying out occupational
and social activities*
-% Crit'ria ,or .'.b'r)/ip*
i& 6embers should belong to similar socio3economic status background and environment
carrying out farming and .llied activities and who agree to function as a ;oint liability
group* 'his way the groups would be homogeneous and organi1ed by likeminded
farmers5individuals and develop mutual trust and respect*
ii& 'he members should be residing in the same village5 area5 neighbourhood and should
know and trust each other well enough to take up ;oint liability for group5 individual
$oans*
iii& 6embers who have defaulted to any other formal financial institution in the past are
debarred from the Group 6embership*
iv& 6ore than one person from the same family should not be included in the same J$G*
0% Group Approac/*
i& .ll members of the J$G should be active enough to assume leadership of the group to
ensure the activities of the J$G* 'he selection of an effective5 able5 active leader for the
J$G is essential as this will ultimately benefit all the J$G members* 'he leader fosters a
sense of unity oversees and maintains discipline share information and facilitates
repayments* (or the bank he is the focal point for group activities*
ii& 'he J$G should hold regular meetings which must be attended by all the members
regularly to discuss issues of mutual interests*
iii& 'he principles of self3help and group strength need to be emphasi1ed* Group cohesion
has to be ensured* .de,uate emphasis should be placed on the roles e)pectations and
functions of the group5 members and the benefit of the group dynamics*
iv& 'he J$G can easily serve as a conduit for technology transfer facilitating common
access to marketing information for training and technology dissemination in activities
like soil testing training and assessing input re,uirements*
v& 'he J$G for specific activity e*g* production of pulses 5 vegetables 5 fruits may be
federated at village5 block level for development of the product*
vi& 'he J$G in the clusters on their stabili1ation could come together in the form of
cluster federation or producers companies with a view to contributing the entire value
chain and thereby achieving economics of scale in procurement processing and
marketing of the produce*
vii& 'he J$Gs and evolving J$G structures are e)pected to build up empathy and
understanding and create responsive lending mechanism leading to greater interaction
and interdependence between the members of J$Gs*
1% 2/o can ,or. JLG*
Business (acilitators -G7s (armers 8lubs (armers .ssociations 2anchayat Ra;
Institutions %2RIs& <rishi =ikash <endras % <=<s& +tate .griculture >niversities %
+.>s& .griculture 'echnology 6anagement .gency %.'6.& Bank branches 2.8+
other cooperatives Govt* /epts* Individuals Input /ealers and 6(Is5 6(7s etc*
3% JLG o4'l)*
'here are two models of financing J$Gs as enumerated hereunder and branch may adopt
any of the methods considering the ground situation* ?owever Group model is advisable
where Group 8ohesion homogeneity in socio3economic status of group members and
activity chosen group stabili1ation mutual trust and respect among members is present*
o4'l A 5 Financing In4i(i4ual) in t/' JLG%
9ach member of the J$G should be provided an individual <88* 'he financing branch
could assess the credit re,uirement based on the crop to be cultivated available
cultivable land5 activity to be undertaken and the credit absorption capacity of the
individual* .ll members would ;ointly e)ecute a Joint $iability .greement making each
one ;ointly and severally liable for repayment of all loans taken by all individuals
belonging to the group*
'he mutual agreement needs to ensure consensus among all members about the amount
of individual debt liability that will be created including liability created out of the
individual <88* .ny member opting out of the group or ;oining the group will
necessitate a new Joint $iability agreement to be kept on record in the branch*
o4'l 67Financing t/' JLG a) a group*
'he J$G functions operationally as one borrowing unit* 'he group would be eligible for
accessing one loan which could be combined credit re,uirement of all of its members*
'he credit assessment of the group could be based on the available cultivable area of each
member of the J$G5 activity to be undertaken* .ll members would ;ointly e)ecute Joint
$iability .greement and own the debt liability ;ointly and severally*
'he mutual agreement needs to ensure consensus among all members about the amount
of individual liability that will be created* .ny change in composition of the group will
lead to a new Joint $iability .greement being registered by the bank branch*
O8E!ATIONAL GUI9ELINES
$% Sa(ing)*
J$G members need to be encouraged to save regularly* Banks may open savings account
by the J$G5 individual members of the J$G to ensure regular savings and thrift habit
amongst them* ?owever the ,uantum of loan to be given to the groups should be related
to the credit needs of the enterprise and not to the ,uantum of savings*
@hile opening the +B account in the name of J$G the bank should call for the following
documents0
i& . resolution passed in the group meeting signed by all the members containing
decision to open Bank .ccount authori1ation of A members of the group for ;oint
operation of the account*
ii& (illed in application form*
iii& Recent 2assport si1e photograph of authori1ed signatories
iv& /ocuments for <B8 compliance
'he group may be allowed to open +*B* account with an initial cash deposit of Rs*C"53
only* 7n opening of the account a passbook shall be issued to J$G which should be in the
name of J$G but not in the name of any individual member*
+% Ar'a o, op'ration*
'hrough all rural and semi urban branches
-% Eligibility
i* 7wner cultivators %+mall (armers 6arginal (armers&
ii* 'enant (armers 7ral $essees +hare 8roppers
0% 8urpo)'*
Both term as well as short term5working capital credit facilities for meeting the short term
production need and term loan need for allied activities like poultry dairy pisciculture
floriculture horticulture etc* will be provided through a single combined sanctioned limit*
1% Cr'4it li.it*
i* @orking capital will be in the form of revolving cash credit and any number of
withdrawals and repayments in the account is allowed with a view to provide fle)ibility
to the borrower in deciding the appropriate time for withdrawal of the sanctioned limit
and reducing his loan and interest burden* %(or +' 8rop $oan 8onsumption $oan and
repayment of non3institutional loans&
ii* 'erm $oan to be sanctioned for purchase of agricultural implements plant and
machinery and land development including construction of different types of storage
facilities*
iii* @hile fi)ing the limit and sub3limits entire yearDs production credit re,uirement is
reckoned including those of ancillary activities such as storing marketing electric
e)penses etc*
iv* 8redit limit is fi)ed on the basis of land holding under cultivation cropping pattern
and the scale of finance recommended by /istrict5+tate level technical committee* In the
absence of such recommendation the branch may fi) appropriate scale of finance for the
crop after getting permission from the concerned Regional 7ffice*
v* 'he branch should also fi) season3wise sub3limits within the overall credit limit*
vi* 8ontingency e)penses including consumption loan should not e)ceed 1"E of the +'
loan sub3limit sub;ect to ma)imum Rs*1""""53 till harvesting the benefit of production
linking with family need*
vii Repayment of loan availed from non3institutional lenders by the farmer borrowers in
addition to consumption5contingency credit limit should not e)ceed !CE of the +' loan
sub3limit sub;ect to ma)imum Rs*!C"""53*
3% Econo.ic) o, t/' Sc/'.'*
'he economics will vary from scheme to scheme to be undertaken by the member
farmers* 'he branch is to draw up the economics based on production3linked programme
of each specific scheme*
In course of drawing up economics of the scheme income from each activity has to be
worked out separately* 7n the basis of each separate economics a summary is to be
drawn up to arrive at the final position of the Integrated (arm 2roductions +cheme* @hile
drawing up economics of the scheme branches may make a reference to the schemes
circulated by ?75-.B.R/5+$B8*
:% S'curity ; argin*
It should be in conformity with the guidelines issued by RBI5-.B.R/5B.-< from
time to time in respect of agricultural advances* .s per e)tant guideline there is no
margin or additional security re,uired up to a loan limit of Rs*1"""""53 per individual*
8ri.ary S'curity*
?ypothecation of asset 3 8rop5(arm 6achinery5/airy .nimal etc* as applicable*
A44itional S'curity*
i& Individual limit up to Rs*1"""""53 0 -I$
ii& Individual limit above Rs*1"""""53 0 6ortgage of land5 'hird 2arty Guarantee
6ortgage of land by way of declaration in (orm3I or 9,uitable mortgage 5 Registered
mortgage as applicable as the case may be*
<% Int'r')t*
.s per directive of RBI5Bank issued from time to time* 'he rate of interest is sub;ect to
change from time to time as per ?*7* Instruction* (or short term production loan up to
Rs*A*"" lac per individual the interest subvention scheme will be applicable as usual*
=% Int'r')t payabl' on cr'4it balanc')*
Interest as applicable for +*B* .ccount is payable in the Revolving 8ash 8redit account
on the credit balance if any*
$>% 9ocu.'nt)*
a# Financing In4i(i4ual) in t/' JLG*
i* /*2* -ote for the sanctioned limit
ii* .greement for 'erm $oan F ?ypothecation %(or .llied activities&
iii* $etter of continuity
iv* ?ypothecation of crop 5 assets to be created out of bank loan
v* If the sanctioned limit is more than Rs*1"""""53 mortgage of land5or third party
guarantee acceptable to the Bank*
vi* Joint $iability .greement*
vii* $etter of >ndertaking from individual J$G members*
viii* =ernacular >ndertaking
i)* .pplication (orm Introduction (orm and sanction letter*
b# Financing t/' JLG a) a group*
i* /* 2* -ote for the sanction limit
ii* +pecific .pplication (orm for J$G financing to be obtained and Inter3se agreement to
be e)ecuted by the members of the J$G*
iii* .rticles of .greement to be signed by the authorised member of the group and Bank
official*
iv* . copy of the resolution of J$G for granting loans to members
v* . copy of the resolution of J$G authorising selected members for e)ecution of
documents*
vi* 8opy of the bye laws if any*
vii* ?ypothecation of the asset created out of loan
viii* $etter of 8ontinuity in case of cash credit 5 overdraft*
i)* =ernacular undertaking 5 declaration*
)* $etter of Guarantee from the members if applicable in bankDs standard format*
)i* Joint $iability .greement F >ndertaking from individual member*
)ii +anction $etter*
$$% !'pay.'nt*
'he short term credit 5 crop loan as well as working capital for agriculture and allied
activities would continue to be provided as revolving cash credit repayable within due
dates in the line of <88* ?owever the term loan component will be repayable in
monthly5 ,uarterly5 half yearly instalments within a ma)imum period of C to G years
depending upon the type of activity 5 investment as per e)isting guidelines*
$+% Accounting proc'4ur'
i* (or short3term farm loan the limit will be in the form of a revolving cash credit*
ii* (or medium3term loan as per scheme the account is to be created to the debit of
appropriate 8B+ head meant for 6'($*
iii* 8onsumption loan and loan for repaying non3institutional lenders will form part of
revolving credit %+' loan&*
$-%Crop In)uranc' un4'r NAIS
.ll individual 8rop loans under J$G3<88 are to be covered under -ational .gricultural
Insurance +cheme %-.I+&56odified -ational Insurance +cheme%6-.I+&5@eather Based
8rop Insurance +cheme%@B8I+& as the case may be in respect of the notified crops* It is
implemented with the approval5consent of +tate Government concerned which is
monitored and followed up by +$B8 of that +tate*
'he following crops are covered under -.I+56-.I+5@B8I+0 3
a& (ood crops %cereals millets pulses&
b& 7il seeds
c& +ugar cane cotton and potato %annual commercial 5 annual horticulture crops&
d& .ny other crop notified by the concerned +tate Government*
$0% 8'r)onal Acci4'nt In)uranc' Sc/'.' "8AIS#
'he coverage under 2.I+ is also compulsory for all individual J$G3<88 holders* 'he
premium payable under the scheme is to be shared by the issuing Branch and the <88
holder in the ratio of !01*
$1% Ot/'r con4ition)
i& -o processing charge or pre3repayment %if not taken over by other bank& charge will be
levied*
ii& (or such loan +ervice .rea 8oncept will not be applicable*
iii& 'he concept of D-o 7b;ection 8ertificateD is dispensed with for loans up to Rs*C""""53
per individual but indebtedness of the farmer is to be e)amined by e)change of list of
borrowers amongst the bankers in the service area5block5tehsil or a self declaration by the
memberss to be insisted upon*
iv& If some members of J$G and5or other family members of the members of J$G are
defaulters to financing Bank the branch shall not decline the loan proposal of J$G* 'he
branch while sanctioning loan should scrutinise the individual loan applications of the
group to ensure that the defaulters are not applicants* 'he defaulter members can avail
loan after li,uidating their e)isting loans*
v& =illage52anchayat leaders should not be the office bearer of the J$G*
$3% 8redit to J$Gs of +(56(5'(57ral $essees5 +hare 8ropper to form normal business
activity will be treated as /irect .griculture advance as the case may be under 2riority
+ector*
$:% onitoring an4 !'(i'?*
i& 'he J$Gs through peer pressure will ensure loan utili1ation and timely repayment* .ll
members will be held liable in case of default*
ii& Branch officials are to maintain harmonious relations and continuous close contact and
relationship with the J$G leader and other members so as to convert them into good
reliable customers
iii& ?alf yearly progress reports are to be sent by the branches to the Regional 7ffice as
per format and R7 will submit consolidated reports as on A"
th
+eptember and A1
st
6arch
each year to ?7 within !" days of the half year to which the report relates*
$<% Inc'nti(' ,or pro.otion o, JLG)*
i& 'o facilitate promotion of J$Gs Banks5 other Institutions as Joint $iability Group
2romoting Institution %J$2Is& are eligible for grant assistance from -.B.R/* 9ach J$2I
is e)pected to formulate a plan for promotion of J$Gs and sanction of credit to the J$Gs
for a minimum si1e of !" J$Gs* -.B.R/ will e)tend grant assistance to bank for
facilitating formation nurturing and financing of J$Gs over a period of Ayears H
Rs*!"""53 per J$G* 7ther Institutions promoting J$Gs will be eligible for grant assistance
of Rs*!"""53 per J$G over a period of three years through banks*
ii& 'he first installment of Rs*1"""53 would be released to bank5 other institutions after
sanction of loan by the bank* 'he !
nd
installment would be released after commencement
of the repayment* 'he A
rd
installment may be released in A
rd
year sub;ect to certification
from the bank with regard to satisfactory repayment*
iii& @ith regard to payment of grant in respect of J$G 2romoting Institutions the grant
would be routed through bank involved in J$G financing and the rate and pattern of
release of grant would be the same as applicable to the banks* ?owever the funds would
be released by -.B.R/ based on the certification by the bank as indicated above*
iv& 'he Business (acilitators engaged by bank for promotion and linkage of J$Gs may
take steps to evolve5 introduce simple books of accounts and registers as in case of +?Gs*
$=* Capacity 6uil4ing*
-.B.R/s assistance will be available for organi1ing 8apacity Building 2rogrammes
like conduction of training programmes for stakeholders awareness F sensiti1ation of
J$G concept both for Banks own staff as well as that of target groups*
+>* NA6A!9 !',inanc'*
-.B.R/ will provide 1""E refinance assistance under investment credit to bank in
respect of lending to J$Gs under Investment 8redit as per following0
i& 'he revised scheme of financing J$G envisages a fle)ible and composite credit product
comprising of block capital and5 or working capital* -.B.R/ will provide 1""E
refinance assistance to bank in respect of lending to J$Gs under investment credit and the
procedure for claiming refinance from -.B.R/ would be similar to that under +?G3
Bank $inkage 2rogramme*
ii& 'he format for drawal application under J$G will be similar to that under +?G
financing* 'erms and conditions of refinance like Repayment etc as applicable to +?G
lending will be applicable to J$G lending also*
+$% Sp'cial T/ru)t Ar'a*
Branches should e)plore the formation of crop5commodity specific and activity specific
J$Gs which will facilitate pooling of demand for seeds raw materials and other inputs as
well as provide an opportunity for sorting grading and aggregating their produce and
negotiate for better prices*
THE SCHEE FO! FINANCING JLG) OF IC!O ENT!E8!ENEU!ES;
A!TISANS; OTHE!S; IN !U!AL NON@FA! SECTO!S
$% Ob&'cti(')*
'o augment flow of credit to 6icro 9ntrepreneurs5 artisans5 individuals in -on3
(arm sector activities*
'o serve as collateral substitute for loans to be provided to the target group*
'o build mutual trust and confidence between bank and the target group*
'o minimi1e the risks in the loan portfolio for the banks through group approach
cluster approach peer education and credit discipline*
'o provide sustainable livelihood opportunities to vulnerable section for enhanced
productivity and livelihood promotion through J$G mechanism*
+* G'n'ral ,'atur') o, JLG*
. Joint $iability Group %J$G& is an informal group comprising of 431" individuals
coming together for the purpose of availing bank loan on individual basis or through
group mechanism against mutual guarantee* Generally the members of a J$G would
engage in a similar type of economic activity in the -on (arm sector* 'he members
would offer a ;oint undertaking to the bank that enables them to avail loans* J$G
members are e)pected to provide support to each other in carrying out occupational and
social activities*
-* Crit'ria ,or .'.b'r)/ip*
i& 6embers should belong to similar socio3economic status background and environment
carrying out non3farm activities and who agree to function as a ;oint liability group* 'his
way the groups would be homogeneous and organi1ed by individuals and develop mutual
trust and respect*
ii& 'he members should be residing in the same village5 area5 neighbourhood and should
know and trust each other well enough to take up ;oint liability for group5 individual
$oans*
iii& 6embers who have defaulted to any other formal financial institution in the past are
debarred from the Group 6embership*
iv& 6ore than one person from the same family should not be included in the same J$G*
0% Group Approac/*
i& .ll members of the J$G should be active enough to assume leadership of the group to
ensure the activities of the J$G* 'he selection of an effective5 able5 active leader for the
J$G is essential as this will ultimately benefit all the J$G members* 'he leader fosters a
sense of unity oversees and maintains discipline share information and facilitates
repayments* (or the bank he is the focal point for group activities*
ii& 'he J$G should hold regular meetings which must be attended by all the members
regularly to discuss issues of mutual interests*
iii& 'he principles of self3help and group strength need to be emphasi1ed* Group cohesion
to be ensured* .de,uate emphasis should be placed on the roles e)pectations and
functions of the group5 members and the benefit of the group dynamics*
iv& 'he J$G can easily serve as a conduit for technology transfer facilitating common
access to marketing information for training and technology dissemination in activities
relating to non3farm sector training and assessing input5 raw material re,uirements*
v& 'he J$G for specific non3farm activity e*g* productions of handicrafts5 other non3farm
products may be federated at village5 block level for development of the product*
vi& 'he J$G in the clusters on their stabili1ation could come together in the form of
cluster federation or producers companies with a view to contributing the entire value
chain and thereby achieving economics of scale in procurement processing and
marketing of the produce*
vii& 'he J$Gs and evolving J$G structures are e)pected to build up empathy and
understanding and create responsive lending mechanism leading to greater interaction
and interdependence between the members of J$Gs*
1% 2/o can ,or. JLG*
Business (acilitators -G7s (armers 8lubs (armers .ssociations 2anchayat Ra;
Institutions %2RIs& <rishi =ikash <endras % <=<s& +tate .griculture >niversities
% +.>s& .griculture 'echnology 6anagement .gency %.'6.& Bank branches 2.8+
other cooperatives Govt* /epts* 2roducers .ssociations artisans Guilds /epartment of
+69s +mall +cale Industries5 .gro Industries Individuals Input /ealers and /ocument
writers % in cooperative banks& 6(Is5 6(7s etc*
3% Sa(ing)*
J$G members need to be encouraged to save regularly* Banks may open savings account
by the J$G5 individual members of the J$G to ensure regular savings and thrift habit
amongst them* ?owever the ,uantum of loan to be given to the groups should be related
to the credit needs of the enterprise and not to the ,uantum of saving*
:% JLG o4'l)*
o4'l A 5 Financing In4i(i4ual) in t/' JLG%
9ach member of the J$G should be provided an individual +waro;gar 8redit 8ard %+88&5
.rtisan 8redit 8ard %.88&5 >nited +hilpi 8ard%>+8&5 $aghu >dyami 8redit
8ard%$>88& etc* 'he financing branch could assess the credit re,uirement based on the
product5 enterprise5 activity to be undertaken and the credit absorption capacity of the
individual* .ll members would ;ointly e)ecute Joint $iability .greement making each
one ;ointly and severally liable for repayment of all loans taken by all individuals
belonging to the group*
'he mutual agreement needs to ensure consensus among all members about the amount
of individual debt liability that will be created including liability created out of the
individual cards as mentioned above* .ny member opting out of the group or ;oining the
group will necessitate a new Joint $iability .greement to be kept on record in the
branch*
o4'l 67Financing t/' JLG a) a group*
'ill receipt of further instruction from ?ead 7ffice branches should desist from
financing J$Gs in Group 6odel for non3farm sector*
<% S'ctor Cla))i,ication*
8redit to J$Gs of micro entrepreneurs to form normal business activity will be treated as
6icro and +mall 9nterprise as the case may be under 2riority +ector*
=% Cr'4it Apprai)al*
i& Branches will conduct a thorough credit appraisal to avoid under or over3financing*
ii& .ssessment of loan amount should be in a fle)ible manner addressing the credit
re,uirements of its members including production5 working capital marketing and
investment credit besides other productive purposes in the non3farm sectors*
iii& Banks e)isting guidelines on +885 .88 5 >+85 $>885 +?G F +69 financing are
to be followed*
$>% argin*
>p to loan amount of Rs*!C"""530 -I$
$oan above Rs*!C"""53 to Rs*C*"" lac 0 1"E 3 1CE of 2ro;ect 8ost
$oan above Rs*C*"" lacs 0 1CE 3 !CE of 2ro;ect 8ost
$$% S'curity*
2rimary0 ?ypothecation of assets created out of bank loan
8ollateral0
i& (or loan up to Rs*1"*"" lac 0 -I$
ii& (or loan above Rs*1"*"" lac0 8ollateral security as per lending policy of bank*
8redit Guarantee coverage is available to 6+9 advance up to Rs*1*"" crore sanctioned
without collateral security and 'hird 2arty Guarantee* .ll 6+9 loan sanctioned without
collateral security and 5 or third part guarantee should be mandatorily covered under
8G'6+9*
$+% Int'r')t*
.s per banks prevailing rate of interest*
$-% 9ocu.'ntation*
i* /*2* -ote for the sanctioned limit
ii* $etter of continuity
iii* ?ypothecation of Goods5 ?ypothecation of /ebts F 6ovable .ssets 5 ?ypothecation
of 2lant F 6achinery5 /eed of ?ypothecation %'ransport 9,uipments& as applicable
depending on assets*
iv* Joint $iability .greement
v* $etter of >ndertaking from individual J$G members
vi* =ernacular >ndertaking
vii* .pplication (orm Introduction (orm*
$0% onitoring an4 !'(i'?*
i& 'he J$Gs through peer pressure will ensure loan utili1ation and timely repayment* .ll
members will be held liable in case of default*
ii& Branch officials are to maintain harmonious relations and continuous close contact and
relationship with the J$G leader and other members so as to convert them into good
reliable customers
iii& ?alf yearly progress reports are to be sent by the branches to the Regional 7ffice as
per format and R7 will submit consolidated reports as on A"
th
+eptember and A1
st
6arch
each year to ?7 within !" days of the half year to which the report relates*
$1% Inc'nti(' o, pro.otion o, JLG)*
+ame as (arm +ector*
$3% Capacity 6uil4ing*
+ame as (arm +ector*
$:% NA6A!9 !',inanc'*
+ame as (arm +ector*
IIIIII
Abo('@.'ntion'4 Ann'Aur') ar' a(ailabl' ?it/ H%O% Circular No% !C88O9; 8S;-;
O@>$$< ;$> 5 $$ 4at'4 >1@Jun'@+>$>
1* .--9J>R93I 33 Introduction (ormK
!* .--9J>R93II 33 .22$I8.'I7- 8>6 .22R.I+.$ (7R6 %(or financing
Individuals of a J$G&
A* .--9J>R93III 33 J7I-' $I.BI$I'B .GR9969-'K
4* .--9J>R93I=33 $9''9R 7( >-/9R'.<I-GK
C* .--9J>R93= 33 2re3sanction 2rocessing +heet for >*<*8K
#* .--9J>R93=I 33 $oan application to be submitted by J$G to Bank Branch while
applying for loan assistance in Group 6odeK
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