Collateral-free group lending for Self-Help Groups, JLGs and small entrepreneurs.
Microfinance loans support Self-Help Groups (SHGs), Joint Liability Groups (JLGs) and individual small entrepreneurs — particularly women-led groups and those in semi-urban and rural areas — with small-ticket, collateral-free credit for income-generating activities.
NG Finntech works with microfinance institutions (MFIs), NBFC-MFIs and banks running priority-sector lending programs to help groups access formal credit with fair terms.
| Loan Amount | ₹10,000 – ₹5,00,000 (per member/group) |
|---|---|
| Tenure | 6 – 36 months |
| Interest Rate* | As per RBI microfinance guidelines & lender policy |
| Collateral | Not required (group guarantee model) |
*Indicative only. Actual terms are set by the partner MFI/bank as per RBI microfinance regulations.
| Group Type | Registered/informal SHGs, JLGs, or individual micro-entrepreneurs |
|---|---|
| Household Income | Within microfinance eligibility limits set by RBI |
| Existing Group History | Preferred but not always mandatory (varies by MFI) |
| Purpose | Income-generating activity, small trade, agriculture allied activities |
