Our Products

Pragati has been incorporated to meet the diverse customers' needs of the rural and semi-urban low-income households. The different customer segments need different kinds of loan products to support their business needs.

Krushi

It is a joint liability backed term loan product designed to support the income generation and business support needs of the underserved household. The product is delivered through a women’s solidarity group targeting entire households. The product aims to help customers achieve financial independence and connects them to wider financial opportunities to realize their potential and aspirations. The loan amount under the product ranges from INR 30k to 75k.

 

Loan Amount

  •   Loan amount up to INR 75k, depending upon the requirement and ability to pay

Cost to Borrower

  •   Interest rate of 22%
  •   Processing fee of 1% + taxes
  •   Insurance fee as applicable

 

Other Details

  •   Microfinance Loan
  •   Loan Tenor 24 months
  •   Group Methodology

Krushi Plus

It is a term loan product for graduated borrowers of the JLG. The product is delivered individually to the borrowers who already have built good credit history either through group solidarity mechanism or individually servicing the loans. The customers in this category would be financially literate, business savvy and economically intelligent and have an aspiration to further their dream.The product is delivered to entire households by making both spouses as co-borrowers. The loan amount under the product ranges from INR 75 k to 125 k.

 

Loan Amount

  •   Loan amount from INR 75k to 125k, depending upon the requirement and ability to pay

Cost to Borrower

  •   Interest rate of 22%
  •   Processing fee of 1% + taxes
  •   Insurance fee as applicable

 

Other Details

  •   Microfinance Plus Loan
  •   Loan Tenor 24 months
  •   Individual Loan

Vyapar

It is again a term loan product to address the need of small business owners. This loan would be targeted towards the specific trade line and for the customers with significant experience in particular trade and high entrepreneurial capability. The loan would product would help the customers achieve their business needs such as expansion, working capital, inventories and machinery etc. The loan amount under the product ranges from INR 100 k to 500 k.

 

Loan Amount

  •   Loan amount from INR 100k to 500k, depending upon the requirement and ability to pay

Cost to Borrower

  •   Interest rate of 24%
  •   Processing fee of 2% + taxes
  •   Insurance fee as applicable

 

Other Details

  •   Small Business Loan
  •   Loan Tenor up to 36 months
  •   Individual Loan

ATM

ATM is any time loan designed to help borrowers bridge any intermediate need including the personal or business emergency. The product would be available to any of the customers who already have availed of any of the three products described above. The product would be available to borrowers on demand provided they have maintained a clean credit history.

 

Loan Amount

  •   Loan amount from INR 10k to 25k, depending upon the requirement and ability to pay

Cost to Borrower

  •   Interest rate of 23%
  •   Processing fee of 1% + taxes
  •   Insurance fee as applicable

 

Other Details

  •   Additional Loan
  •   Loan Tenor 12 months
  •   Individual Loan basis the performance of main loan