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SHGs – BANK LINKAGE PROGRAM

Corporate Laws / Banking / SEBI / LLP - By: - Mr. M. GOVINDARAJAN - Dated:- 16-7-2015 - Self Help Groups (SHGs) To alleviate the poverty and to empower the women, the micro-finance has emerged as a powerful instrument in the new economy. With availability of micro-finance, self-help groups (SHGs) and credit management groups have started in India. The Self Help Groups (SHGs) are created small and homogeneous groups to reap economic benefits for members out of mutual savings, solidarity and joint .....

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perative principles and do collective actions. They succeeded in performing/providing banking services to their members door steps without any defaults. They are formed for addressing their common problems. They make regular savings habit and use the pooled savings for the benefit of their members through a structured process of essential financial intermediation like prioritization of needs, setting self-determined terms for repayment and keeping records. It builds financial discipline and cred .....

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uld meet regularly SHG - Bank Linkage program A sizeable share of population in India continues to remain outside the formal banking system despite considerable expansion in branch network. Alternative models are being experimented with to meet the objective of financial inclusion. The SHG-Bank linkage model is the indigenous model of micro-credit evolved in India and has been widely acclaimed as a successful model. SHG-Bank linkage programme is considered a promising approach to reach the poor .....

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RD, allows SHGs to obtain loans from banks - commercial, rural, and cooperative banks. The banks lend to the SHGs and are eligible for NABARD refinance for these loans at a subsidized interest rate. The program, started in 1992 as a pilot project and upgraded to a regular banking program in 1996, has expanded rapidly since then. NABARD s refinance has however been falling in proportion - possibly because of the prevailing low interest rates, high level of liquidity in banks, and not the least, b .....

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ot mandatory for the banks. SHG-Bank linkage Programme has brought out the traditional skills, organizational skills and collective power of women, especially, from economically disadvantaged background to the forefront. The women SHG members have ventured into hitherto unexplored areas and proved that they can deliver when trusted and entrusted. Objectives The following are the objectives of SHG Bank linkage program: To develop mutual faith and confidence between the rural poor and bankers. To .....

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al organizations but directly financed by the banks I SHGs financed by banks using NGOs and other agencies as financial intermediaries Training program Several factors explain the rapid increase in program outreach in recent years. Apart from natural learning process of all actors involved, NABARD s extensive training programs to all the actors involved played a significant role. The program faces several challenges. Most critical is the issue of sustainability of the SHGs; many are dependent on .....

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al Level Training Consultation Meet on SHG-bank Linkage training was also organized and findings of the study were deliberated upon with all stakeholders. Based on the recommendations made at the consultation meet, the existing training modules were revised and a revised handbook on Training Programmes under SHG-Bank Linkage was forwarded to all scheduled commercial banks and RRBs. Grant of Assistance The Government grants assistance to the formation and development of SHGs. The following table .....

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b 40.63 2544 20.40 9832 SHG Federation 28.61 250 1.85 46 PACs 394.45 8533 4.28 85 Total 26283.37 745945 7903.74 498746 Source: NABARD - Annual Report 2013 - 14 SHG - Bank Linkage progress The following table shows the savings of the SHGs, loans disbursed to such groups and the outstanding of loan by these groups: SHG-Bank Linkage - Highlights In Rs. crore Year Savings Balance Loans disbursed Loans outstanding 2010 - 11 6551.41 16534.77 36340 2011 - 12 8214.15 20585.36 39375.30 2012 - 13 9897.42 .....

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e NPAs of Bank Loans to SHGs Rs. In crore Agency Loan outstanding against SHGs - Position as on Amount of NPAs as on Percentage of NPAs to loan outstanding as on 31.03.12 31.03.13 31.03.14 31.03.12 31.03.13 31.03.14 31.03.12 31.03.13 31.03.14 CB (Public sector) 24406.57 25371.18 28000.99 1581.05 2129.23 1966 6.48 8.39 7.02 CB (Pvt. sector) 1403.72 1268 26 1387.42 74.37 46.75 58.56 5.30 3.69 4.22 RRBs 8613.58 10521.13 11048.95 426.34 430.88 691.89 4.95 4.10 6.26 Co-op banks 1916 14 2214.63 2490.1 .....

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53.80 51.33 68.23 66.96 5.17 8.56 8.88 Eastern 4629.80 5538.13 4944.63 337.08 570.56 547.42 7.28 10.30 11.07 Central 2780.29 2776.85 2696.66 367.03 479.76 508.98 13.20 17.28 18.87 Western 1363.78 1467.52 1640.46 112.14 126.57 182.26 8.22 8.63 11.11 Southern 25394.59 27635.36 31791.33 1263.59 1411.93 1476.57 4.98 5.11 4.64 Total 36340 39375.30 42927.52 2212.73 2786.92 2932.67 6.09 7.08 6.83 Source: NABARD- Status of Microfinance - 2013-14 The overall NPA percentage of loans to SHGs has come down .....

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to the resource poor regions, the continued upsurge in NPAs in these regions needs to be viewed quite seriously. Recent Developments Annual Report 2013-14 of NABARD says that financing of SHGs by banks has undergone a paradigm shift with the spread of the SHG Bank linkage programme, substantial increase in quantum of credit disbursed and adoption of cash credit system of lending which has also led to increasing delinquencies in SHG financing. Developing appropriate norms for selection of SHGs is .....

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to enable banks to take up appraisal of JLGs for financing. Mobile based accounting system for SHGs A mobile based book keeping system which helps SHGs to maintain their financial transaction electronically in their local language and allows monitoring of the same by all stakeholders was implemented for 100 SHGs in Dharampuri district of Tamil Nadu. Under this system, SHGs update their transactions, meeting details by sending SMS from their mobile phones which is loaded with the software develop .....

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tablet PC. The field staff of NGO records the transactions and the SHGs get a copy of the records by paying fees. The pilot was successfully completed in January 2013 in 100 SHGs of Nandurbar district of Maharashtra. The project has now been upscaled for 50,000 SHGs where NABARD will give grant assistance up to ₹ 60 lakh to bear part of the monthly charges of SHGs during the first two years. The SHGs will pay a flat rate of ₹ 40 per month for the services for next three years. Sugges .....

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