NABARD: 85.77 lakh Self Help Groups (SHGs) have saving deposits of over ₹ 16,114 crore with banks as on 31.3.2017 that cover more than 10 crore rural households

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..... NABARD: 85.77 lakh Self Help Groups (SHGs) have saving deposits of over ₹ 16,114 crore with banks as on 31.3.2017 that cover more than 10 crore rural households - News and Press Release Dated:- .....

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..... 4-8-2017 - News - As per information compiled by National Bank for Agriculture and Rural Development (NABARD), as on 31st March 2017, 85.77 lakh Self Help Groups (SHGs) have saving deposits of over .....

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..... ₹ 16,114 crore with banks. It is estimated that these SHGs cover more than 10 crore rural households. As reported by NABARD approximately 70% of the total savings of the groups are used for inte .....

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..... rnal lending of the groups and 30% deposited with the Banks i.e. more than double the amount deposited with banks are used for internal lending of groups. During the last three years, ₹ 94934 .....

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..... crore has been disbursed as loans to Women SHGs at applicable interest rates. Women SHGs in 250 Category-I districts under Deendayal Antyodaya Yojana- National Rural Livelihoods Mission (DAY-NRLM) ar .....

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..... e provided loans at 7% interest per annum with interest incentive of 3% payable on prompt repayment reducing the effective interest to 4% per annum. This was stated by Shri Santosh Kumar Gangwar, M .....

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..... inister of State for Finance in written reply to a question in Lok Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI .....

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..... - TaxTMI - TMITax .....

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