Sustainable Livelihood Initiative Eligibility Criteria

  • Both existing and new Self-Help Groups (SHG) and Joint Liability Groups (JLG) are eligible.

  • SHG with Minimum 10 members & JLG with Minimum 4 members

  • Groups should have a regular repayment track record or demonstrate consistent savings in their Savings Accounts.

  • A bureau check is mandatory for all applicants.
     

Fair Practices Code (FPC):

  • A Microfinance Loan is defined as a collateral-free loan provided to households with an annual income of up to ₹3 lakh. For this purpose, a household is considered as an individual family unit comprising a husband, wife, and their unmarried children.

  • Loans are offered based on the customer’s income stability and repayment capacity.
     

How to Apply

Visit your nearest HDFC Bank branch to apply. Terms and conditions apply.

Click here to read more about the Sustainable Livelihood Initiative.

Disclaimer: Terms and conditions apply. Sustainable Livelihood Initiative approvals are at the sole discretion of HDFC Bank Limited and are subject to documentation and verification as per the Bank's requirements. Interest rates are subject to change. Please check with your RM or the closest bank branch for current interest rates.

Frequently Asked Questions

The Sustainable Livelihood Initiative eligibility states that both existing and new Self-Help Groups (SHG) and Joint Liability Groups (JLG) are eligible, so long as they have at least  10 members for SHG and 4 members for JLG members in each group. Additionally, the applicants should have a regular repayment track record or consistent savings in their Savings Accounts, and all applicants must undergo a mandatory bureau check.

 

To apply for Sustainable Livelihood Initiative, you can visit your nearest HDFC Bank branch.

To qualify under the Sustainable Livelihood Initiative, you must be part of an SHG with at least 10 members or JLG with at least 4 members. You are required to maintain a consistent repayment history or show steady savings in your account. This helps establish your creditworthiness and eligibility for loan consideration.

Under the Fair Practices Code, you can avail of a microfinance loan if your household income does not exceed ₹3 lakh annually. The household includes you, your spouse, and unmarried children. No collateral is required, and your loan eligibility depends on income stability and repayment capacity.

As part of the Sustainable Livelihood Initiative, you are subject to a mandatory bureau check before any loan approval. This assessment ensures that your credit history aligns with the bank’s lending norms and helps evaluate your repayment capability and existing liabilities.

Your loan amount is determined by your household’s income consistency and repayment capacity. The bank evaluates whether you can manage repayments without financial strain. Loans are provided on a collateral-free basis, adhering to microfinance norms outlined under the Fair Practices Code, and are subject to internal approval criteria.

Once you submit all required documents and meet the criteria, your loan application under the Sustainable Livelihood Initiative will be processed within 10 working days. You must ensure the information provided is accurate, as disbursement depends on timely verification and the bank's internal approval.

To apply for a loan under the Sustainable Livelihood Initiative, you need to visit your nearest HDFC Bank branch. You will be guided through the application process, required to provide all necessary documents, and assisted in fulfilling eligibility checks such as group membership, savings history, and bureau review.

All loan applications under the Sustainable Livelihood Initiative are subject to approval at the sole discretion of HDFC Bank. Even after meeting basic eligibility, you must comply with all document and credit assessment requirements, and your application must meet the bank’s internal standards for approval.