i work in a regional rural bank as branch head. JLG’s are group of men formed to get finance just like SHG’s are group of women. in case of SHG the repayment rate in 99% and only 1% of accounts needs to be followed up. whereas in case of JLG’s only 10% pay on time remaining accounts needs to be followed up. even NABARD stopped pushing RRB’s in case of JLG’s. its the worst kind of product. RRB’s completely stopped financing JLG’s. if IDFC first is into the JLGs it only means they are desperate to lend to whomever wants a loan.
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