Summary
Contents
This series of annual reports on the microfinance sector in India which seeks to document developments, clarify issues, publicize studies, stimulate research, identify policy choices, generate understanding, and enhance support for the sector. It highlights recent developments under each of the two main models of microfinance in India – the SHG and MFI models. The book highlights recent developments in Self Help Groups (SHGs) and SHG Bank Linkage Programme (SBLPs), and focuses on microfinance with regard to the investment scenario in India.
SHG-Bank Linkage Programme—Continuing with Consolidation
SHG-Bank Linkage Programme—Continuing with Consolidation
NABARD provisional data for 2008–09 has indicated that 1.71 million groups had been financed including those which had availed repeat finance. The disbursements made during the year to SHGs reached a new high at Rs 127.06 billion, up from Rs 88.49 billion last year, an increase of 43 per cent. The number of outstanding SHG accounts increased to 4.145 million. Thus the banking sector has added 6.9 million clients through membership of SHG into formal finance. The total number of members linked to the banking system through the SHGs is estimated to be around 54 million.
In terms of the information relating to the previous year, the final data sets have been released for 2007–08 by NABARD ...