Objective

To provide hassle free credit to the poorest amongst the poor through group approach from the banking system in a flexible, hassle free and cost effective manner, for productive as well as consumption requirements. 

Nature of Facility

Composite Loan including term loan/ revolving cash credit, for inter lending to group members (subject to successful grading of the group).

Eligibility

The group becomes eligible for bank credit linkage after 6 – 8 months of regular savings by the group.

Quantum of loan

Maximum upto 4 times the total Savings of the group.

Rate of interest

i. Direct Loans upto Rs.2.00 lacs to SHGs - 9.25%

ii.Direct loans above Rs.2.00 lacs to SHGs – 10.25%

iii. Indirect Loans to NGO/ MCOs/                   9.25%

     Voluntary Agencies

In order to provide excellent service to its customers, Malwa Gramin Bank imitated the process of computerizatin of its branches on 7th July 2005 and become a 100% computerized Bank on 13.10.2005 with full computerization of its all branches.Hon'ble Shri Yogesh Aggrawal ,Managing Director, State Bank of Patiala graced the occasion with his presence as the chief Guest of the function organised to celebrate the cent per cent computerization of Malwa Gramin Bank at its last computerized branch i.e. Badochi Kalan (District Fatehgarh Sahib) and declared Malwa Gramin Bank a "100% Fully Computerized Bank".

 Agriculture Debt Waiver

The List of Debt Waiver customers of Malwa Gramin Bank.
                 Click for the List >>