Joint Liability Groups (JLGs)!
The State Bank of India (SBI) and NABARD have consented to an arrangement with 5 NGOs in Bengal for the advancement of 2,500 Joint Liability Groups (JLGs) in select areas of the State on January 2, 2018. JLGs are casual gatherings of 4-10 individuals occupied with comparative financial activities and willing to together embrace the duty to reimburse credits taken by the group from a bank.
They are commonly known to be credit groups of a minute or peripheral share farmers who don't have a legitimate title of their farmland. Through these JLGs, SBI intends to stretch out help to the monetarily prohibited segments of the general public, particularly landless agriculturists in the locale of Purulia, Paschim Medinipur, Purba Medinipur, Burdwan and North 24 Parganas. Plans are likewise brewing to scale up the venture in a staged way to cover the rest of the areas. NABARD has settled an objective of credit connecting 80,000 JLGs in West Bengal in 2017-18. Till date, NABARD has endorsed help for the advancement of 60,000 JLGs by different NGOs in the State through 339 ventures in a various locale.
Further, you can hit on the link below:
Report on the agreement signed between The State Bank of India (SBI) and NABARD
