Issue Details
An Analytical Study Of Micro Finance In Punjab – SHG Bank Linkage Programme
Mandeep Kumar
Page No. : 58-62
ABSTRACT
or groups that would not have access to financial services otherwise. Dr. Muhammad Yunus of Bangladesh initiated the Micro Finance movement in 1970 with his attempt to assist 42 underprivileged individuals who were caught in debt with money lenders. With growing global awareness, NABARD took the initiative in 1987 to establish SHG BL Models in collaboration with many high-performing NGOs. A SHG is a group of ten to twenty persons with similar living conditions who come together voluntarily and agree to save a small sum on a regular basis that can be utilised in an emergency. Since the turn of the twentieth century, the SHG Bank Linkage Program has grown exponentially and has evolved into Indias primary microfinance programme. As of 31.03.2018, there are 8.7 million SHGs registered with NABARD, up from 500 in 1992. Savings per SHG under the SGSY system decreased. From 2012-13 to 2017-18, the average loan disbursed per SHG under the SGSY plan declined.
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