Process/System to be followed for credit sanction:

Field level credit check is done and for selected customers as per KYC norms files are sourced and send for back office team for data entry and data verification. Data entered file will get moved to field verification. Once field verification gets completed file moved to CCA/GRT. With the information obtained during field verification and credit bureau analysis, for each customer score engine gets generated with the help of search engine. If the client scores more than 65% then the customer is eligible for loan, if the customer is rejected once the score obtained is less than that. After that file gets moved to GRT stage, once BM gives rating to the group and if exceeds 12 out of 18 then only the group is eligible for the loan, or else the group is moved again back to training.

JLG Income Generation Loans
Purpose
The Income Generating Loan is used for a variety of activities that generate income for their families, which enhances lifestyle of the clients. This helps them clients to expand their current business or to start a new business.
INCOME GENERATION LOANS
Type of loan	Product A	Product B	Product C	Product D	Product E	Product F
Eligible Criteria	Customer availing Loan for the first time in the newly started branches.	Customer who repays the loan on-time and with long term relationship.	Customer who repays the loan on- time and with long term relationship. Also for fresh customers in the vintage branches.	Customer who repays the loan on- time and with long term relationship.	Customer who repays the loan on- time and with long term relationship.	Customer who repays the loan on- time and with long term relationship.
Loan term	18/24 months	24 months	24 months	24 months	24 months	24 months
Repayment Frequency	Weekly, Fortnightly and Monthly	Weekly, Fortnightly and Monthly	Weekly, Fortnightly and Monthly	Weekly, Fortnightly and Monthly	Weekly, Fortnightly and Monthly	Weekly, Fortnightly and Monthly
Loan size (Amount in Rs.)	Rs. 30,000	Rs. 35,000	Rs. 40,000	Rs. 45,000	Rs. 50,000	Rs. 60,000
Customer Insurance	Rs. 310	Rs. 362	Rs. 413	Rs. 465	Rs. 516	Rs. 620
Guarantor insurance	Rs. 310	Rs. 362	Rs. 413	Rs. 465	Rs. 516	Rs. 620
Processing fees	Rs. 600	Rs. 700	Rs. 800	Rs. 900	Rs. 1000	Rs. 1200
Service tax on processing fee	Rs. 108	Rs. 126	Rs. 144	Rs. 162	Rs. 180	Rs. 216
Interest rate	27.00%

Additional loan to MSM customers:

To provide additional working capital to our customers and as part of customer retention it is proposed to provide additional / top up loan to MSM existing customers. This provides customers to continue with MSM for long time and to treat MSM as one stop shop for all their financial needs.

Eligibility condition:

1. Customer should be existing customer of MSM.

2. Half of the group loan tenure has to be completed.

3. Customer with on date- repayment is only eligible.

4. Customers having OD is not eligible for the loan.

Loan product details:

Additional loan
Purpose
To provide additional working capital to our customers and as part of customer retention it is proposed to provide additional / top up loan to MSM existing customers.
Type of loan	Rural	Urban
Eligible Criteria	Customer who repays the loan on- time without any OD and completed half of group loan tenure	Customer who repays the loan on- time without any OD and completed half of group loan tenure
Loan term	6 months-12 months	6 months-12 months
Repayment Frequency	Weekly, Fortnightly and Monthly	Weekly, Fortnightly and Monthly
Loan size (Amount in Rs.)	Rs. 5,000-Rs. 10000	Rs. 6,000-Rs. 10000
Customer Insurance	Varies as per loan amount	Varies as per loan amount
Guarantor insurance	NA	NA
Processing fees	2 % of loan amount	2 % of loan amount
Service tax on processing fee	18 % on Processing fee	18 % on Processing fee
Interest rate	27.00%

Sanitation Loan

Purpose

The loan amount is to be utilized only for toilet construction / improvement.

(Construction of toilet, washroom and toilet combined, improving or repairing toilet or any water related construction, for the toilet like building water tank for home or water supply connection).

Type of loan	Toilet Construction	Toilet Renovation	Over Head Tank Installation
Eligible Criteria	MSM existing group / fresh group MSM existing clients / fresh clients	MSM existing group / fresh group MSM existing clients / fresh clients e	MSM existing group / fresh group MSM existing clients / fresh clients
Loan size (Amount in Rs.)	Rs. 50,000 to Rs. 1, 00,000.	Rs. 50,000	Rs. 30,000
Processing fees	2% of loan amount
Service tax on processing fee	18 % of processing fee
Loan term	24 Months	24 months	15 / 18/24 months
Repayment Frequency	Monthly	Monthly	Monthly

Note: Sanitation loan to be provided subject to verification of own house proof in the name of customer or guarantor or In-laws name.