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Joint Liability Group Loan for Productive Women

Pragati Loan/ Unnati Loan

  • Svasti’s first loan product is a JLG loan for productive women
  • Women in groups of 5 are given loans primarily for business purposes if they satisfy the eligibility criteria.
  • The performance of the group will determine the renewal of the loan
  • Insurance Cover: Svasti provides its customers with a micro-insurance product in partnership with IRDA licensed insurance companies. As per the terms of the insurance, each customer pays an upfront premium to cover her own life and the life of her spouse/ leading earning member in her family. The amount of coverage is equal to the loan taken by the customer.

Financial Terms

The detailed financial terms can be found here.


  • Women between the ages of 18 and 55 who know each well and live within in a kilometer of each other can become members
  • Each group will consist of 5 women
  • The loan must be primarily for productive purposes
  • The documentation requirement is identity proof and address proof as per KYC norms of Reserve Bank of India and our industry SRO, MFIN
  • Members must have own a house or must have stayed in the area for alteast 3 years.
  • Women must stand guarantee for each other

Origination Process