Empowering Communities Through Collective Growth
Lonawala Sahakari Bank Maryadit offers Group Finance Loans to support small groups, self-help groups (SHGs), entrepreneurs, and community-based businesses. This scheme is designed to promote financial inclusion, encourage entrepreneurship, and strengthen group-based economic activities.
Key Features
🤝 Loans for Self-Help Groups (SHGs) and joint borrowers
💰 Affordable interest rates
🔄 Flexible repayment schedules
📈 Ideal for small businesses and income-generating activities
🧾 Minimal documentation for eligible groups
📌 Purpose of Loan
♦ Small business setup or expansion
♦ Agriculture and allied activities
♦ Retail trade and micro-enterprises
♦ Cottage and village industries
♦ Group-based income generation projects
👨👩👧👦 Eligibility Criteria
♦ Registered or recognized group (SHG / Joint Liability Group)
♦ Minimum number of members as per bank norms
♦ Good credit discipline within the group
♦ Stable income or viable business plan
♦ KYC compliance for all members
📄 Documents Required
♦ Identity & address proof of all group members
♦ Group registration proof (if applicable)
♦ Bank account details of the group
♦ Business plan or purpose of loan
♦ Income proof (if required)
📞 Get in Touch
Visit your nearest branch of Lonawala Sahakari Bank Maryadit to explore Group Finance Loan options and take a step toward collective financial growth.
