Microfinance News Digest

SHG Fund of Rs 500 Crore : Discussions today – News Digest

Rs 500-cr fund proposal for women SHGs in cabinet today
Hot on the heels of promising easy loans for women’s self help groups (SHGs) in the Congress manifesto for Uttar Pradesh election, the UPA cabinet will take up a proposal to create a corpus of Rs500 crore for SHGs in its meeting on Thursday. Read the rest on HT

shg fund india

Business correspondent model to be changed to aid inclusion
RBI permitted banks to use the services of intermediaries such as business facilitators and correspondents to provide banking services for ensuring greater financial inclusion and increasing the outreach of the banking sector. LM

Verghese Jacob appointed as Ombudsman for SKS Microfinance
SKS Microfinance Limited today said it has appointed Verghese Jacob as its Ombudsman with immediate effect and also created toll-free helpline in eight Indian languages. ET

One-woman army drives financial inclusion in rural Madhya Pradesh
A tale of a ‘one-woman army’ driving financial inclusion among tribals in the vast rural outback of central India has wowed women bank officers in Kerala. HBL

MGNREGA enhanced financial inclusion of farmers: WEF report
Allegations of fund leakages notwithstanding, the MGNREGA scheme has improved access to financial services for farmers and holds a great scope for further agricultural and economic growth of the country, a World Economic Forum report said on Friday. TH

The Future of Banking
It’s going to get more interesting with technology innovations across computing, mobile platforms, convergence of data, and social media shaping the customer experience. PCQ

Abhay N

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Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

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1 Comment

1 Comment

  1. Dr.Mrs Sushma joiya

    April 19, 2012 at 6:26 pm

    Dear Sir,
    We have been requesting the Government of India to stop wastage of money by simply motivating the SHGs for nothing. We must link all the SHGs with industrial activities under the guidance and supervision of District Trade and Industries Centers. Until and unless the SHGs are linked with industrial activities, the purpose of raising their socio-economic status will positively fail. There are certain NGOs like Integrated Congress of Women Entrepreneurs whcih can adopt villages and villages to link SHGs with industrial activities to yield an honourarium of Rs 2000/- per month per member of the SHG.
    This is not a dream but a true imagination whcih the ADOs in rural areas are not in a position to activate.
    Dr Mrs Sushma joiya Pandit
    Nationa Chairperson
    Integrated Congress of Women Entrepreneurs

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