Question

In financial inclusion and priority sector lending term JLG is frequently used. What does L represent in JLG?

Q: In financial inclusion and priority sector lending term JLG is frequently used. What does L represen

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.

A Liquidity

B Liability

C Legal

D Locality

E Language

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RBI Grade B

Question

In financial inclusion and priority sector lending term JLG is frequently used. What does L represent in JLG?

Solution

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I Pledged to: