Which bank started the SHG bank linkage Programme in India?

2.4 The SHG – Bank Linkage Programme was launched by NABARD in 1992, with the policy support of the Reserve Bank of India (RBI), the Central Bank of the country. The programme has been designed and nurtured by NABARD for over 15 years..

What is SHG bank linkage Programme?

Self Help Group – Bank Linkage Programme (SHG-BLP) What started as a pilot to link around 500 SHGs of poor to the formal financial institutions during the year 1992-93 has now become the largest microfinance programme in the world, in terms of the client base and outreach.

Who first launched SHG bank linkage Programme?

Kiran Kumar Reddy, on Thursday launched Self Help Group (SHG) Bank Linkage Credit Plan for 2012-13, involving a planned loan amount of Rs 9,127.37 crore.

When was SHG bank linkage Programme started?

The SHG-Bank Linkage Programme (SBLP) was initiated as an action research by the National Bank for Agriculture and Rural Development (NABARD) in 1989 and was subsequently crystallized into a pilot project in 1992.

What is SHG model?

In India, Self Help Groups or SHGs represent a unique approach to financial intermediation. The approach combines access to low-cost financial services with a process of self management and development for the women who join as members of an SHG.

What is Corpus amount in SHG?

(Corpus is inclusive of revolving funds, if any, received by that SHG, its own savings, interest earning by SHG from on-lending to its members, income from other sources, and funds from other sources in case of promotion by other institutes/NGOs.) 7.3 Purpose of loan and repayment: 7.3.

What is SHG and its function?

Self-Help Groups (SHGs) are informal associations of people who choose to come together to find ways to improve their living conditions. It can be defined as self governed , peer controlled information group of people with similar socio-economic background and having a desire to collectively perform common purpose.

What is the full of SHG?

Self Help Groups (SHGs) are small groups of poor people. The members of an SHG face similar problems. They help each other, to solve their problems. SHGs promote small savings among their members.

How do I get a SHG group code?

You will reach self help group website where you have to click and select your state, select your district and select your village and get your SHG code.

How do I start SHG?

Documents required other than KYC

  1. Duly filled Facility Application Form.
  2. Loan Authorisation Letter.
  3. Direct Debit Form/ECS Mandate/PDC Declaration.
  4. Inter Se Agreement executed by all members of SHGs.
  5. SHPI Recommendation Letter.
  6. Repayment track record if the SHG has credit linkage with any other bank or financial institution.

What is the minimum membership in an SHG?

A SHG is a community-based group with 10-25 members. Members are usually women from similar social and economic backgrounds, all voluntarily coming together to save small sums of money, on a regular basis.

How do I find my SHG code?

How much credit has been given to SHG banks?

For coordinating and smoothening of the SHG Bank linkages and delivery of interest subvention, a sub-committee of State Level Bankers Committee (SLBC) has been constituted. As of today, 6345 SHGs have been linked with the Banks providing them the credit of Rs. 59.09 crore against target of Rs. 148 crore.

When was the JLG scheme mainstreamed in the banking system?

The scheme was later mainstreamed for the banking system in the year 2006. JLGs are informal groups of four to 10 members who are engaged in similar economic activities and who are willing to jointly undertake to repay the loans taken by the Group from the Banks.

What is the role of anchor agencies in WSHG scheme?

The scheme aims at saturating the districts with viable and self-sustainable WSHGs by involving anchor agencies who shall promote and facilitate credit linkage of these groups with Banks, provide continuous handholding support, enable their journey to livelihoods and also take the responsibility for loan repayments.