NABARD initiates e-Shakti to help SHGs
DSIJ Intelligence / 09 Aug 2017
The National Bank for Agriculture and Rural Development (NABARD) has initiated e-Shakti, a pilot project for digitization of self-help groups (SHGs).
The National Bank for Agriculture and Rural Development (NABARD) has initiated e-Shakti, a pilot project for digitization of self-help groups (SHGs).
Aimed at improving the quality of book-keeping of SHGs and to enable banks to take informed credit decisions about the group through a Management Information System (MIS), the project covers 25 districts and 1,30,176 SHGs have been digitised as on March 31, 2017, informed the Minister of State for Finance Santosh Kumar Gangwar.
As per information compiled by NABARD, about 69,696 SHGs that have been digitized are credit linked as on July 31, 2017. No SHG has been de-recognised on account of, or, after digitization. The digitization project does not impact the profit or loss position of the SHGs, the minister added.
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