Question
In financial inclusion and priority sector lending term
JLG is frequently used. What does L represent in JLG?Solution
Joint Liability Group (JLG) is a group of 4-10 people of same village/locality of homogenous nature and of same Socio Economic Background who mutually come together to form a group for the purpose of availing loan from a bank without any collateral.
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(II) It does not...
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...
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