Products
Saving
NLBS has several saving products and schemes to encourage members to save money for the future. The following are the saving products that NLBS is offering now.
Compulsory Savings – This is compulsory in nature and every member of the group has to deposit regularly. The amount is Rs. 100/Month at a minimum and the group can decided if they want to deposit more. 8% interest is provided on this savings scheme. NLBS has recently launched the new compulsory saving product - Nagarik Special Pension Plan II, where every member of the group has to deposit minimum Rs 111 regularly and either they will get a fixed amount within 8 to 25 years or they can participate in the insurence scheme.
Voluntary Savings – This scheme is voluntary in nature and every member can deposit as and when they want. This amount can be withdrawn as per the depositor’s desire and need. 6 % interest is provided on this savings scheme.
Group Savings – This is also a mandatory saving scheme and group will be the owner of the money. Every member of the group has to deposit Rs 5/Month and NLBS provides similar amount as its contribution to the groups. 8% interest is provided for this saving.
Loan
Loan Products & Services
NLBS has designed about 9 major loan products looking at the clientele needs such as : 1. Simple Loan, 2. Seasonal Loan, 3. Animal Husbandry, 4. Micro-Enterprise Loan, 5. Alternative Energy Loan, 6. Foreign Employment Loan, 7. Home Loan, 8. Educational Loan, 9. Maternity Loan.
|
Name of Product |
Simple Loan |
Seasonal Loan |
Animal Husbandry Loan |
Micro Enterprise Loan |
Alternative Energy Loan |
Foreign Employment Loan |
Home Loan |
Education Loan |
Maternity Loan |
|
Clientele |
JLG group |
JLG group |
JLG group |
JLG group |
Per Family |
Individual |
Individual |
JLG /Individual |
Individual |
|
Purpose |
Income generating activities |
Self shelter |
To be Educated & skill development |
Safety of mother & child |
|||||
|
Loan Size |
Rs. 5000/- to Rs. 50,000/- |
Rs. 30,000/- |
Rs. 60,000/- |
Rs. 3,00,000/- |
Rs. 2,00,000/- |
Rs. 1,50,000/- |
Rs. 2,00,000/- |
Rs 3,00,000/- to 5,00,000/- |
Rs. 50,000/- |
|
Loan Tenure |
24 months |
12 months |
10 to 18 months |
|
24 months |
24 months |
60 months |
60 months |
24 months |
Remittance
NLBS has several saving products and schemes to encourage members to save money for the future. The following are the saving products that NLBS is offering no
Insurance
NLBS provides equal importance to offer micro insurance services to all of its clients in collaboration with various insurance companies under life, health, assets, livestock, crops insurance to enable the poor to meet the challenges of unforeseen risks. Since the poor are yet to realize the very importance of insurance in their day to day life, hence very methodically it has packaged the insurance services with credit, so that the poor will never feel the premium payment as a burden to them.
