Bankers meet on micro finance and SHG

ITANAGAR, Mar 8: National Bank for Agriculture and Rural Development (NABARD) Arunachal Pradesh Regional Office organized a state level bankers’ meet on micro finance and Self Help Group (SHG) at its conference hall here on Friday.
NABARD GM Dr. Gyanendra Mani highlighted the various initiatives taken by NABARD as well as the Arunachal Pradesh government in the recent past for women empowerment.
He said that the state government, for the first time, has awarded two SHGs for good works done by them, which may encourage other groups to upscale their economic activities.
While urging the banks to extend credit to good working SHGs, he advised the NGOs to help SHGs to follow the basic principle of credit discipline.
NABARD AGM G. Karmakar made a detailed presentation on micro finance and SHG bank linkage, present status and way forward in Arunachal Pradesh vis-à-vis micro finance scenario of all India level.
Earlier, DGM V Thirumalai stressed the need of women empowerment and said that strengthening the SHG movement will empower women as 90 per cent of members of SHGs are women.
He also spoke about skill development of members of SHGs through MEDP, LEDP etc.
The meeting helped in bringing together all stakeholders involved in promotion of SHGs in the state on one platform.
During the meeting, representatives from NGOs/SHPIs expressed their concerns over difficulties being faced by them in availing bank loan from few bank branches.
They also shared experiences with other bank branches.
Representatives from banks explained in detail about the documentary requirements required to be completed for availing bank loan.
Around 38 participants from banks, various NGOs, SHPIs, attended the meeting.