IDFC FIRST 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.
|Term of Loan||Loan Amount||Repayment
|Main Loan||1st Cycle(New Member)||IGL1Y15K||1 Year||15,000||Weekly/Fortnightly
|Main Loan||2nd and above Cycles||IGL1Y20K||1 Year||20,000||Weekly/Fortnightly
|Main Loan||IGL2Y34K||2 Year||34,000||Weekly/Fortnightly
|Secondary Loan||Small Loan||IGL21W3K||21 Weeks||3,000||Weekly/Fortnightly