SELF HELP GROUP

NABARD conducted a survey in selected states to evaluate the impact of linkage programme between the banks and the Self Help Groups (SHGs) and the end result of it was positive and advantageous for both the banks and the borrowers. Thus, the Reserve Bank of India has issued a Master Circular on 30th June 2019 to implement the Self Help Group-Bank Linkage Programme to merge the banks and the rural poor for a shared benefit. The programme was launched to increase the loan volume of the SHGs, modify their money lending pattern from non-income generating activities to production-based activities.

Benefits of the SHG-BLP

Moreover, the Government demands all the scheduled commercial banks to adhere to the standard set by the public sector banks and meet the entire credit requirements of SHG members as follows,

Documents Required

Members

For Registered Office

Other Details

Deliverables

Service Charges

Rs 14999 (Government charges extra)*

*Cost of Stamp paper as per Government rules

Service Charges

Rs 14999 (Government charges extra)*

*Cost of Stamp paper as per Government rules