Headlines
Portfolio surpassed Rs.37 Crore || Twenty-fifth Branch of BJS at Shivmandir in Darjeeling district || We have reached at our sixth district at Darjeeling || The Official Logo changed || More than 35,000 active members. || Sixteen Financial Partners. || Nine Public Sector Banks as Financial Partners. || CoCA Grade “M4C2” || Rating Grade “MFI 3+”

General Education Loan (GEL)

PRODUCT INFORMATION : Catalytic
Loan Product Name : General Education Loan (GEL)
Brief Description : This loan product is exclusively designed for the deprived children of poor women in underserved areas who have no ability to bear the expenses for education or access loans for this purpose from other organizations/financial institutions like banks.
Target Clients :
  • Students who are studying up to class ten.
Criteria of a client :
  • The above mentioned students whose mother should be a BJS clients for at least for one year with good credit history.
  • Between 18-58 years old
  • Should have a income generating activity
  • Household income should not be more than ₹1,00,000 & ₹1,60,000 per annum in rural and urban areas respectively.
  • Total indebtedness should not exceed ₹1,00,000
    1. Main Borrower : Mother
    2. Co –Borrower : Student
    3. Guarantor : Father or any other adult family member if available.
Purpose :
  • Tuition Fees
    1. Session Fees
    2. Private Tuition Fees
    3. Examination Fees
  • Non-Tuition Fees
    1. Teaching Materials and equipment viz books, computer etc.
    2. Hostel & Boarding accommodation
    3. Transportation
    4. Miscellaneous Expenses
Lending Methodology : Individual (through Group)
Loan Ceiling : Maximum ₹40,000
Minimum ₹10,000
Subsequent increase amount : Maximum ₹3,000 from previous loan amount depends on evaluation marks)
Tenure : Maximum Two year
Tenure : Minimum One year
Interest & Fees : Rate of Interest 20% p.a. on reducing balance
Processing Fees 1% on loan amount
Insurance Fees 0.50% on loan amount
Mode of Repayment : Weekly/Fortnightly/monthly as per borrower choice

News Update

Our Achievements

As on 30th November 2017
No. of Branches : 25
No. of Districts : 6
No. of Blocks : 45
Total Staff Strength : 130
No. of Frontline Staff : 83
No. of Active Groups : 2,199
No. of Active Members : 35,229
No. of Active Borrowers : 27,440
Cummulative Loan Disbursed (in Lakhs) : 23,803.99
Loan Portfolio (in Lakhs) : 3,777.75
Average Loan Size on outstanding : 13,767
On time Repayment Rate : 99.89%
No. of Loans per Credit Officer : 331

Where We Work