Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
JLG structureCash-credit or term-loan finance for groups of 4–10 individuals from the same village, area or neighbourhood who undertake agriculture/
The official feature section publishes the 4–10 member structure and mutual-liability model.
- Source
- Joint Liability Group Loan
- Page / section
- Features
- Accessed
- 23 Aug 2026
- Confidence
- high
Eligible groupGroups of 4–10 individuals engaged in farming or allied activities; members may borrow individually or through the group against mutual guarantee.View source
The current page says 4–10 individuals may borrow individually or as a group against mutual guarantee and limits eligibility to members carrying out farming and allied activities.
- Source
- Joint Liability Group Loan — Bank of Baroda
- Page / section
- Features; Eligibility Criteria
- Accessed
- 27 Sept 2026
- Confidence
- high
Eligibility criteriaMembers must have a similar socio-economic background, undertake farming or allied activities, live in the same village, area or neighbourhood, and form a homogeneous group with mutual trust. A member who has defaulted with another formal financial institution is barred; more than one person from the same family cannot join one JLG.View source
The full eligibility list states group background, activity, locality, past-default and family-composition conditions.
- Source
- Joint Liability Group Loan — Bank of Baroda
- Page / section
- Eligibility Criteria
- Accessed
- 27 Sept 2026
- Confidence
- high
Loan limitsMaximum ₹1 lakh per individual and ₹10 lakh per JLG.View source
The and give the same maxima: ₹1 lakh for an individual and ₹10 lakh for a .
- Source
- Joint Liability Group Loan — Bank of Baroda
- Page / section
- — Quantum of Loan;
- Accessed
- 27 Sept 2026
- Confidence
- high
Security and marginNo collateral or margin is required for loans up to ₹10 lakh; the mutual liability of all JLG members is the security.View source
Benefits state no collateral and margin up to ₹10 lakh; the names mutual liability of all members as security.
- Source
- Joint Liability Group Loan — Bank of Baroda
- Page / section
- Benefits; — Security
- Accessed
- 27 Sept 2026
- Confidence
- high
RepaymentCash Credit or Term Loan; repayment is monthly.View source
The names Cash Credit/Term Loan and says repayment is monthly; no maturity period is stated in that row.
- Source
- Joint Liability Group Loan — Bank of Baroda
- Page / section
- — Type of facility and Repayment
- Accessed
- 27 Sept 2026
- Confidence
- high
Interest rateUp to ₹3 lakh: one-year MCLR + Strategic Premium. Above ₹3 lakh: one-year MCLR + Strategic Premium + 1.00% p.a.View source
The page's two published bands are ‘Limit upto Rs 3.00 Lakhs: One year +’ and ‘Limit above Rs 3.00 Lakhs: One year ++1.00%’.
- Source
- Joint Liability Group Loan — Bank of Baroda
- Page / section
- — Rate of Interest
- Accessed
- 27 Sept 2026
- Confidence
- high
Processing, documentation and inspection chargesNil when exposure per member is up to ₹25,000.View source
The page states that no processing, documentation or inspection fee is levied when per-member exposure is up to ₹25,000.
- Source
- Joint Liability Group Loan — Bank of Baroda
- Page / section
- Fees & Charges
- Accessed
- 27 Sept 2026
- Confidence
- high
Required documentsKYC documents (including Aadhaar, Voter ID, PAN Card or Driving Licence), passport-size photograph, sponsorship letter, JLG Membership Form, Loan Application Form and Mutual Liability Agreement.View source
The complete document list is reproduced from the current official page.
- Source
- Joint Liability Group Loan — Bank of Baroda
- Page / section
- Document Required
- Accessed
- 27 Sept 2026
- Confidence
- high
Group localityMembers should live in the same village, area or neighbourhood and know and trust one another well enough to take joint liability.View source
The page requires members to reside in the same village/area/neighbourhood and know and trust each other.
- Source
- Joint Liability Group Loan — Bank of Baroda
- Page / section
- Features; Eligibility Criteria
- Accessed
- 27 Sept 2026
- Confidence
- high
Prepayment and foreclosureNo prepayment penalty or foreclosure charge.View source
The page's Benefits and sections state nil pre-payment charges and no prepayment penalty or foreclosure charge.
- Source
- Joint Liability Group Loan — Bank of Baroda
- Page / section
- Benefits; — Pre-payment and foreclosure
- Accessed
- 27 Sept 2026
- Confidence
- high
Priority-sector late-payment chargeFor eligible priority-sector JLG loans, overdue-payment charge bands are: sanctioned amount below ₹50,000, nil; above ₹50,000 but below ₹2 lakh, 1% p.a. on the amount of default; above ₹2 lakh, 2% p.a. on the amount of default. The ₹50,000 threshold applies per member, not to the group. Charges apply only while dues remain unpaid past the due date, are calculated monthly for the actual default period, and are capped at 4% p.a. of outstanding credit facilities; no charge is added on earlier penal charges.Effective 1 Apr 2026View source
The schedule publishes strict less-than/greater-than amount bands and states that the ₹50,000 threshold for eligible / priority loans is per member, not per group. Because the printed bands do not state how exact ₹50,000 and ₹2 lakh amounts are bracketed, those boundaries are not inferred. Apply only if the sanctioned loan is an eligible priority-sector loan.
- Source
- Penal Charges for various types of non-compliances of sanction terms and conditions in Loans and Advances
- Page / section
- page 1, row 1 and note; page 2, notes 1–4
- Accessed
- 27 Sept 2026
- Confidence
- high
Benefits and features
- Cash-credit or term-loan finance for groups of 4–10 individuals from the same village, area or neighbourhood who undertake agriculture/
allied activities and accept mutual liability.
Eligibility
- Members should have similar socio-economic backgrounds, undertake farming or allied activities, reside nearby, know and trust each other, and not have defaulted with another formal financial institution. More than one member from a family cannot join the same .
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- documents (Aadhaar, Voter , Card, Driving Licence etc.)
- passport-size photo
- letter of sponsorship from sponsoring agency
- membership form
- loan application form
- mutual liability agreement
Related official documents
Rural & Agri loan catalogue — Financing Irrigation entryofficial-product-catalogue · Targeted eligibility cross-check for Financing Irrigation · accessed 28 Sept 2026
↗Joint Liability Group Loan — current official product pageofficial-product-page · Current rate/applicability checked; full product review remains open · accessed 27 Sept 2026
↗Joint Liability Group Loan — Bank of Baroda official product pageofficial-product-page · current · accessed 30 Aug 2026
↗Joint Liability Group Loan — current official product pageofficial-product-page · Current product-page sections fully reviewed; named form contents remain unavailable from the page. · accessed 27 Sept 2026
↗Penal Charges for Loans and Advances — effective 1 April 2026official-linked-pdf · current; complete two-page review · accessed 23 Sept 2026
↗Priority Sector Loans Interest Rates — Farm Credit A.1 schedule and scope footnoteofficial-interest-rate-page · Targeted current A.1 comparison; product-page rate rows remain primary and tariff scope is explicitly qualified · accessed 28 Sept 2026
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