The RBI on Monday directed all banks to provide adequate incentives to their branches in financing the Self Help Groups (SHGs) and establish linkages with them, making the procedures simple and easy."The group dynamics of working of the SHGs .
MUMBAI The RBI on Monday directed all banks to provide adequate incentives to their branches in financing the Self Help Groups (SHGs) and establish linkages
Krishnagiri Collector releases potential linked credit plan thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
The credit seminar was held on Thursday in Guwahati. Of the total projected credit potential, as much as Rs 21529.00 crore is towards Agriculture and Allied activities. Further, credit potential of Rs 19012.00 crore has been projected towards MSME sector, while credit potential for Informal Credit – SHGs / JLGs have been pegged at Rs 2204.00 crore; Housing and Education Sector was projected at Rs 2239.00 crore.
NABARD aid for rural projects swells to ₹ 395 crore
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The National Bank for Agriculture and Rural Development (NABARD) has so far sanctioned a cumulative amount of ₹395 crore for 69 projects under the Rural Infrastructure Development Fund (RIDF) segment.
Of the 69 projects, 25 have been completed with the sanctioned funds. Forty four projects are on-going involving RIDF loan of ₹234 crore, of which ₹84 crore has been released, a NABARD official said.
The RIDF loans cover various vital rural infrastructure projects, like rural roads and bridges, irrigation, schools and drinking water. Though the fund was set up during 1995-96 with the objective of providing low cost fund support to the State/Union Territories to facilitate quick completion of on-going rural infrastructure projects, it was only later that the Union Territory of Puducherry got on board.