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What is the SHG-bank linkage program of National Bank for Agriculture & Rural Development (NABARD) ?

April 26, 2017Agriculture Bank Development Linkage nabard National program rural shg-bank

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What is the SHG-bank linkage program of National Bank for Agriculture & Rural Development (NABARD) ?

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With a view to facilitating smoother and more meaningful banking with the poor, a pilot project for purveying micro credit by linking Self-Help Groups (SHGs) with banks was launched by NABARD in 1991-92. Reserve Bank of India (RBI) had then advised commercial banks to actively participate in this linkage programme. The scheme has since been extended to RRBs and co-operative banks.