• Average Monthly Balance

    Low
    Interest

  • Average Monthly Balance

    Loan Amount
    Rs.15,000 to Rs.40,000

  • Average Monthly Balance

    Timely
    Processing

  • Average Monthly Balance

    Loan Tenure
    (1 Year & 2 Year)


IDFC Bharat Limited, (formerly known as Grama Vidiyal Microfinance Ltd.) is engaged as a Business Correspondent of IDFC Bank Ltd. and offers a variety of loans and savings products.

Income Generating Loans are offered to the rural women in a Joint Liability Group, for a variety of activities that generate income for their families. These joint liability groups are identified by field officers who cover villages within a radius of 25-30 Kms around the branch offices. Woven into our credit program process for Livelihood Advancement Loans for Women is a customer training initiative that makes our customers aware of the various aspects of Borrowing, Savings, Expense Management and Insurance.

Loan amount range from Rs.15,000 to Rs.40,000 and are offered with a tenures ranging from 1 year to 2 years. Installment for these loans are to be paid on a weekly / fortnightly basis.


Classification
of Loans
Loan cycle Loan
Products
Term of Loan Loan Amount Repayment
Options
Main Loan 1st Cycle(New Member) IGL1Y15K 1 Year 15,000 Weekly/Fortnightly
/Monthly
Main Loan IGL1Y20K 20,000
Main Loan 2nd and above Cycles IGL1Y20K 1 Year 20,000 Weekly/Fortnightly
/Monthly
Main Loan IGL1Y26K 26,000
Main Loan IGL1Y30K 30,000
Main Loan IGL2Y34K 2 Year 34,000 Weekly/Fortnightly
/Monthly
Main Loan IGL2Y36K 36,000
Main Loan IGL2Y40K 40,000
Secondary Loan Small Loan IGL21W3K 21 Weeks 3,000 Weekly/Fortnightly
/Monthly
Secondary Loan IGL21W5K 5,000