For the Sustainable Livelihood Initiative, you need to provide identity and address proof, which can be a copy of your voter ID card, driving licence, or Aadhaar card, as well as any loan track records if you have obtained any loans.

You are required to submit 3 types of documents: Identity proof, address proof and loan track records for Sustainable Livelihood Initiative. The Bank also accepts any single document serving as proof of both ID and address proof such as Aadhaar, driving licence, Voter ID card, etc.   

You must submit a copy of your voter ID card, driving license, or Aadhaar as identity and address proof. If you have taken out loans previously, your loan track record is also required. A bureau check is mandatory to assess your creditworthiness before loan approval.

You need to be part of an existing or new Self-Help Group (SHG) or Joint Liability Group (JLG) with a minimum of five members. This group-based structure ensures collective responsibility, encourages discipline, and is essential for participating in the Sustainable Livelihood Initiative.

You must either show a regular repayment history if loans were taken earlier or demonstrate consistent savings in your savings account. These indicators help the bank evaluate your financial discipline and assess your ability to repay future microfinance loans responsibly.

Your household income must not exceed ₹3 lakh per year. A household includes the individual, spouse, and unmarried children. This microfinance loan is collateral-free and is provided only to those who meet the specified annual income threshold.

Your loan will be sanctioned based on your income stability and repayment capacity. Even if you meet all basic eligibility criteria, the final loan approval is solely at the discretion of the bank, depending on their internal assessment and risk evaluation procedures.

You will receive your loan within at least 10 working days after submitting all required documents and details. This timeline may vary depending on the completeness and accuracy of the information provided. Loan processing and disbursement follow the bank’s specified internal procedures.

You are assured that loans will be provided under fair and transparent terms as defined in the Fair Practices Code. This ensures responsible lending, respect for borrower rights, and clarity in communication throughout the microfinance loan lifecycle.