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SHG Promotion & Bank Linkage

SHG PROMOTION & BANK LINKAGE PROGRAMME

NABARD developed the Self Help Group bank linkage approach as the core strategy that could be used by the banking system in India for increasing outreach to the poor. The strategy involved forming SHGs of the poor, encouraging them to pool their thrift regularly and using the pooled thrift to make small interest bearing loans to member under the project, NABARD has proposed manifold expansion of the women SHGs network by increasing their number. Bargarh is one of the districts to chalk out a comprehensive implementation plan under SHPI Program of NABARD. But challenge confronted at present is to build quality and standards; greater financial deepening, sustainability and encouraging market led micro enterprises. Mahashakti Foundation proposed a project for promotion of 300 SHG and support to be sustainable to assist SHGs in livelihood based productive activities in the district of Bargarh. The mandate of Mahashakti is to continue to work at all levels of the financial and livelihood value chain and make efforts, on the one hand to organize the demand on the ground and on the other hand, to engage with supply side actors and catalyze greater flow of funds to the poor.

PROJECT PERFORMANCE:

Sl.No Deliverables Achievement
1 No of SHG Formed 300
2 Total bank A/C opening 300
3 Total saving Mobilize 30,3250.00
4 Internal Lending 50

Objectives :

  1. To promote 300 SHGs at the District and to link them with formal Banking System
  2. To improve income and reduce vulnerability of poor people and small producers by expanding their access to finance and markets
  3. To help them upscale livelihood initiatives

Key Achievements of the Project:

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