Products & Services
ZCPL extends Micro Loans under the Joint Lending Group (JLG) model to eligible Microfinance target groups as well as a limited amount of Small Loans to individuals emerging out of Microfinance criteria. Details of the loan ticket sizes and eligible activities for the JLG – Micro Loans and Individual – Small Loans are given below:
PLAN - PRICE
Description
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Individual – Small Loans
Ticket size of Small Loans to Individuals ranges from Rs. 40,000 to Rs. 1,00,000 with tenure of 24 to 36 Months.
Shops
Micro and Small-Scale Industries
JLG – Micro Loans
Ticket size of Micro Loan ranges from Rs. 10,000 to Rs. 65,000 with a tenure of 12 to 36 Months.
Agri Cattle Scheme
Micro Enterprises Scheme
Process of selection of borrowers
Household Income of Members
- Rural area household income should not be More Than Rs. 1,25,000/- p.a.
- Urban/Semi-Urban area household income should not be More Than Rs. 1,60,000/- p.a.
- Should not Have Borrowed from More Than 2 MFIs (Including the Proposed Loan from Vivardhana).
- Total Indebtedness Should Not Exceed Rs.1,25,000.
- Should not have any history of delinquency or major default.
Features included in all listed services
Min-Max
Rs.10,000-50,000
Tenure
24 Months
Present ROI
25.00%*
Other Charges
1%**
- *Current rate of interest.
- **Processing fees
- ***Actual insurance premium charges for both member & nominee.