SHG-Bank Linkage : A Success Story

Access to adequate and timely credit at affordable rates is critical for the rural poor to alleviate high cost debt and invest in livelihood opportunities. Despite the government of India’s (GOI’s) best efforts, financial inclusion of the rural poo...

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Main Authors:	Kumar, Shantanu, Pinto, Alreena Renita, Arora, Amit, Roy, Sourav
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	RURAL LIVELIHOODS SELF-HELP GROUP COOPERATIVE BANK COOPERATIVE FINANCIAL INCLUSION ACCESS TO FINANCE FINANCIAL LITERACY
Online Access:	http://documents.worldbank.org/curated/en/486171590655967465/SHG-Bank-Linkage-A-Success-Story http://hdl.handle.net/10986/34725

id	okr-10986-34725
recordtype	oai_dc
spelling	okr-10986-347252021-05-25T10:54:41Z SHG-Bank Linkage : A Success Story Kumar, Shantanu Pinto, Alreena Renita Arora, Amit Roy, Sourav RURAL LIVELIHOODS SELF-HELP GROUP COOPERATIVE BANK COOPERATIVE FINANCIAL INCLUSION ACCESS TO FINANCE FINANCIAL LITERACY Access to adequate and timely credit at affordable rates is critical for the rural poor to alleviate high cost debt and invest in livelihood opportunities. Despite the government of India’s (GOI’s) best efforts, financial inclusion of the rural poor has been beset with multiple challenges. 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. The pilot project was conceived of as a partnership between SHGs, Banks and NGOs in which the Reserve Bank of India (RBI) allowed banks to lend directly to SHGs and NABARD committed to providing re-finance and promotional support. The SHGs have successfully leveraged about forty one billion US dollars loans from banks since 2013-2014. Advocacy with the RBI, digital financial services (DFS) and Indian Banks Association (IBA) and interventions at the field level have resulted in exemplary growth in the SHG-Bank linkage credit portfolio. The key outcomes are summarized in this report. 2020-11-02T22:09:45Z 2020-11-02T22:09:45Z 2020-03 Brief http://documents.worldbank.org/curated/en/486171590655967465/SHG-Bank-Linkage-A-Success-Story http://hdl.handle.net/10986/34725 English South Asia Agriculture and Rural Growth Discussion Note Series;No. 3 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Brief South Asia India
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	RURAL LIVELIHOODS SELF-HELP GROUP COOPERATIVE BANK COOPERATIVE FINANCIAL INCLUSION ACCESS TO FINANCE FINANCIAL LITERACY
spellingShingle	RURAL LIVELIHOODS SELF-HELP GROUP COOPERATIVE BANK COOPERATIVE FINANCIAL INCLUSION ACCESS TO FINANCE FINANCIAL LITERACY Kumar, Shantanu Pinto, Alreena Renita Arora, Amit Roy, Sourav SHG-Bank Linkage : A Success Story
geographic_facet	South Asia India
relation	South Asia Agriculture and Rural Growth Discussion Note Series;No. 3
description	Access to adequate and timely credit at affordable rates is critical for the rural poor to alleviate high cost debt and invest in livelihood opportunities. Despite the government of India’s (GOI’s) best efforts, financial inclusion of the rural poor has been beset with multiple challenges. 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. The pilot project was conceived of as a partnership between SHGs, Banks and NGOs in which the Reserve Bank of India (RBI) allowed banks to lend directly to SHGs and NABARD committed to providing re-finance and promotional support. The SHGs have successfully leveraged about forty one billion US dollars loans from banks since 2013-2014. Advocacy with the RBI, digital financial services (DFS) and Indian Banks Association (IBA) and interventions at the field level have resulted in exemplary growth in the SHG-Bank linkage credit portfolio. The key outcomes are summarized in this report.
format	Brief
author	Kumar, Shantanu Pinto, Alreena Renita Arora, Amit Roy, Sourav
author_facet	Kumar, Shantanu Pinto, Alreena Renita Arora, Amit Roy, Sourav
author_sort	Kumar, Shantanu
title	SHG-Bank Linkage : A Success Story
title_short	SHG-Bank Linkage : A Success Story
title_full	SHG-Bank Linkage : A Success Story
title_fullStr	SHG-Bank Linkage : A Success Story
title_full_unstemmed	SHG-Bank Linkage : A Success Story
title_sort	shg-bank linkage : a success story
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/486171590655967465/SHG-Bank-Linkage-A-Success-Story http://hdl.handle.net/10986/34725
_version_	1764481514552164352

SHG-Bank Linkage : A Success Story

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