The document discusses self-help groups (SHGs) in India and their financing. It defines SHGs as informal associations of people below the poverty line who come together for mutual help and cooperation, including savings, income generation, and debt swapping. It traces the emergence of SHGs in India from the 1970s and discusses the key role played by NABARD in promoting the SHG Bank Linkage Project since 1992. The document outlines various financial assistance programs for SHGs under NRLM, including revolving funds, interest subvention, and the roles and lending norms for banks in supporting SHGs.
Cooperative banks in India were established to provide agricultural credit to farmers at low interest rates, relieving them from money lenders. They operate under a three-tier structure - primary agricultural credit societies (PACS) at the village level, district central cooperative banks (DCCBs) at the intermediate level, and state cooperative banks (SCBs) at the apex level. PACS provide short-term credit to farmers, while long-term credit is provided by land development banks. Cooperative banks play a vital role in rural financing and ensuring access to credit for farmers.
Players of Money Market and Capital Market Pawel Gautam
financial market , functions of financial market , Characteristics Of Financial Markets, What Is Money Market ,Structure of Indian Money ₹ Market ,Functions of Money Markets,Players Of Money Market, Capital Market , Types of Capital Market , Structure of Indian Capital Market , Functions of Capital Market , Constituents/Components of Capital Markets, PLAYERS OF CAPITAL MARKET
Credit co-operatives are financial organizations owned and controlled by members who save money as a group. They provide financial services like loans, deposits, and insurance to low-income individuals. The document discusses the history and development of credit co-operatives in India, beginning with the Rochdale Pioneers in England in 1844. It outlines the objectives and workings of credit co-operatives in India, including their focus on the social and economic betterment of members. Examples are given of some large multi-state credit co-operative societies operating in India.
This document outlines different types of cooperative societies in India. It discusses consumer cooperative societies, which are formed to allow consumers to purchase household goods at reasonable prices by eliminating middlemen. Producer cooperative societies are formed by small producers to obtain supplies and sell outputs without middlemen involvement. Marketing cooperative societies, like the GCMMF which sells Amul products, allow small producers and manufacturers to pool and sell their products. The document also mentions cooperative farming societies, housing cooperatives, and credit cooperatives.
Cooperative banks are financial institutions that are owned and operated by their members. They are owned by local communities who share a common interest. Cooperative banks provide banking services like loans and deposits to their members. They operate under the Cooperative Societies Act and are registered as cooperatives. The earliest known cooperative credit union in India was established in 1889 in Baroda. Cooperative banks primarily serve rural and agricultural communities.
BSFL is a microfinance institution that provides livelihood promotion services including microfinance, insurance, and technical assistance. It uses a livelihood triad strategy comprising livelihood financial services, agricultural/business development services, and institutional development services. BSFL has over 1 million customers concentrated in rural areas across 14 Indian states. It aims to expand its customer base to 10 million by 2014 through urban and rural outreach. BSFL's integrated approach to livelihood promotion has contributed to poverty reduction and supported vulnerable groups like women in rural India.
The regulatory framework for mutual funds in India includes regulations from the Reserve Bank of India, Securities and Exchange Board of India, and the Association of Mutual Funds in India. Key parts of the framework include regulations for sponsors, trustees, asset management companies, custodians, registrar and transfer agents, and know-your-customer requirements. The framework aims to protect investors, define roles and responsibilities, and manage conflicts of interest in the mutual fund industry.
Cooperative banks in India were established to provide agricultural credit to farmers at low interest rates, relieving them from money lenders. They operate under a three-tier structure - primary agricultural credit societies (PACS) at the village level, district central cooperative banks (DCCBs) at the intermediate level, and state cooperative banks (SCBs) at the apex level. PACS provide short-term credit to farmers, while long-term credit is provided by land development banks. Cooperative banks play a vital role in rural financing and ensuring access to credit for farmers.
Players of Money Market and Capital Market Pawel Gautam
financial market , functions of financial market , Characteristics Of Financial Markets, What Is Money Market ,Structure of Indian Money ₹ Market ,Functions of Money Markets,Players Of Money Market, Capital Market , Types of Capital Market , Structure of Indian Capital Market , Functions of Capital Market , Constituents/Components of Capital Markets, PLAYERS OF CAPITAL MARKET
Credit co-operatives are financial organizations owned and controlled by members who save money as a group. They provide financial services like loans, deposits, and insurance to low-income individuals. The document discusses the history and development of credit co-operatives in India, beginning with the Rochdale Pioneers in England in 1844. It outlines the objectives and workings of credit co-operatives in India, including their focus on the social and economic betterment of members. Examples are given of some large multi-state credit co-operative societies operating in India.
This document outlines different types of cooperative societies in India. It discusses consumer cooperative societies, which are formed to allow consumers to purchase household goods at reasonable prices by eliminating middlemen. Producer cooperative societies are formed by small producers to obtain supplies and sell outputs without middlemen involvement. Marketing cooperative societies, like the GCMMF which sells Amul products, allow small producers and manufacturers to pool and sell their products. The document also mentions cooperative farming societies, housing cooperatives, and credit cooperatives.
Cooperative banks are financial institutions that are owned and operated by their members. They are owned by local communities who share a common interest. Cooperative banks provide banking services like loans and deposits to their members. They operate under the Cooperative Societies Act and are registered as cooperatives. The earliest known cooperative credit union in India was established in 1889 in Baroda. Cooperative banks primarily serve rural and agricultural communities.
BSFL is a microfinance institution that provides livelihood promotion services including microfinance, insurance, and technical assistance. It uses a livelihood triad strategy comprising livelihood financial services, agricultural/business development services, and institutional development services. BSFL has over 1 million customers concentrated in rural areas across 14 Indian states. It aims to expand its customer base to 10 million by 2014 through urban and rural outreach. BSFL's integrated approach to livelihood promotion has contributed to poverty reduction and supported vulnerable groups like women in rural India.
The regulatory framework for mutual funds in India includes regulations from the Reserve Bank of India, Securities and Exchange Board of India, and the Association of Mutual Funds in India. Key parts of the framework include regulations for sponsors, trustees, asset management companies, custodians, registrar and transfer agents, and know-your-customer requirements. The framework aims to protect investors, define roles and responsibilities, and manage conflicts of interest in the mutual fund industry.
All about a co-operative society in India, its legal status and provisions of taxation, Government National Co-operative policy in India, and Exemptions granted under the Income Tax Act, 1961.
Capital structure refers to the composition of long-term capital from sources like loans, reserves, shares, and bonds. It represents the relationship between different types of long-term capital. A proper capital structure maximizes firm value, minimizes costs, and increases share prices. It also allows firms to take advantage of new investment opportunities and supports country growth. Factors that affect capital structure include financial leverage, operating leverage, earnings per share, costs of different sources, growth and stability of sales, flexibility, nature and size of firm, cash flows, control, market conditions, asset structure, financing purpose, and period of finance. Advantages of debt include amplifying returns, greater control and flexibility, while equity provides flexibility in raising funds
A cooperative is defined as a voluntary association of individuals who cooperate for their mutual social and economic benefit. Key characteristics of cooperatives include open membership, voluntary association, democratic management, and distribution of surplus profits to members. Cooperatives are established to provide non-profit services to members rather than maximize profits. In Tamil Nadu, cooperatives are governed by the Tamil Nadu Co-operatives Act of 1961 and must register with the state government. The government oversees formation and functioning of cooperatives through powers like approving bylaws and conducting audits.
Cooperative societies are autonomous associations that are voluntarily owned and controlled by their members to achieve mutual social, economic, and cultural benefits. They originated in India to help farmers pool resources for credit, procurement of supplies, and marketing of agricultural produce. Key principles include voluntary membership, democratic control by members, and concern for the community. While cooperatives provide benefits like promotion of savings and self-help, they face issues such as dormant membership, lack of participation in management, and political interference. Programs by organizations like NAFED and NCDC aim to support India's cooperative movement.
The document summarizes key provisions of the Companies Act 1956 in India. It defines a company and outlines its key features such as separate legal entity status and limited liability. It classifies companies into public limited, private limited, deemed public, unlimited, guarantee, government and foreign. It describes the process of company formation including memorandum of association, articles of association, prospectus, and registration. It also covers topics like board of directors, their powers and meetings, and winding up of companies.
Seeking for best funds to initiate your investment in India ? Here's the top performing schemes offered by ICICI Prudential Mutual Fund online with most recent updates of NAV and returns.
Small finance banks (SFBs) were introduced in India to increase access to banking in rural and underserved areas. Before SFBs, 35% of adults lacked bank accounts, with many low-income households having unmet credit demands. SFBs aim to deepen financial inclusion by serving small businesses and low-income communities through low-cost operations. The Reserve Bank of India issued guidelines in 2014 allowing certain qualified non-banking financial institutions to transition into SFBs. SFBs must meet requirements around capital, ownership, lending priorities, and financial inclusion. Currently there are 10 SFBs operating in India to expand access to banking and credit for underserved populations.
The document discusses the deregulation of interest rates on savings accounts in India. It provides background on the history of interest rate deregulation in India as part of broader financial sector reforms starting in the 1990s. It discusses how previously the RBI controlled savings account interest rates at 3.5% annually, but as of 2011 banks are now free to set their own rates. Some banks have begun increasing rates to around 4-5% while larger banks like SBI have not changed rates yet. International experiences with savings account deregulation are also examined.
Slide presentation on cooperative societyUche Okolie
This document discusses cooperatives as an economic model that emphasizes collective ownership and production to meet basic human needs. It proposes that cooperatives ensure equal rights and mutual respect among members, coordinate their cooperation, and balance individual and collective interests. The document provides guidelines for cooperative structures, including how to determine membership, distribute profits proportionately based on member contributions, and elect boards of directors to democratically manage operations. The aim is for cooperatives to empower local communities while encouraging individual initiative through appropriate incentive systems.
Cooperative banks are owned and operated by their members. They are registered under cooperative laws and provide banking services like loans and deposits to their members. Cooperative banking in India has a 3-tier structure - at the bottom are Primary Credit Societies (PCS) in villages, then Central Cooperative Banks (DCCBs) at the district level, and State Cooperative Banks (SCBs) at the apex level in each state. PCS provide credit to local farmers and collect savings, DCCBs provide funds to PCS and oversee their functioning, and SCBs coordinate activities between DCCBs and act as a link between cooperative banks and money markets.
Regional Rural Banks (RRBs) were established in India in 1975 to provide banking facilities to rural areas. They are jointly owned by the central government, state government and sponsoring commercial bank. RRBs focus on providing credit and banking services to small and marginal farmers, agricultural laborers and small businesses in rural areas. They accept deposits and offer loans, remittance facilities, and other banking services. However, over time RRBs have faced issues like inadequate finances, high loan defaults, and lack of coordination with other financial institutions which has impacted their effectiveness in developing rural regions of India.
Objectives & Agenda :
Companies can use either equity or debt form to raise capital. Equity can be raised by way of rights issue, bonus issue, private placement, public issue, etc. An offer of securities made to the existing shareholders of the Company is a rights issue. Bonus shares may be issued to the members of the Company out of its free reserves, or securities premium account or capital redemption account. The webinar covers the statutory / practical aspects of rights issue and bonus issue, including caveats relating to such issues.
This document discusses the role of human resource development in Panchayati Raj institutions and voluntary organizations in India. It notes that Panchayati Raj aims to empower local self-governance and ensure participation of all sections of society, especially weaker groups. However, inadequate training and leadership issues have hindered its goals. HRD can help by developing people's skills and strengthening accountability. Voluntary organizations also require HRD to build cultures of commitment, assess performance, and motivate volunteers. Both systems greatly benefit from focused HRD efforts.
A cooperative is a business that is owned and operated by its members to meet their common needs. The document discusses the definitions of cooperatives provided by various sources and principles that guide cooperatives, including voluntary membership, democratic member control, member economic participation, and concern for the community. It also outlines the key steps to form a cooperative society under law and provides a brief history of the cooperative movement.
A cooperative is a business owned and controlled equally by its members who use its services. To form a cooperative society in India, at least 10 people with common economic goals submit an application and bye-laws to the state registrar. If approved, the registrar issues a registration certificate. Cooperatives have features like open membership, democratic control, and distribution of surplus. Examples of cooperative societies include consumer cooperatives to provide goods at reasonable prices, producer cooperatives to support small producers, and credit cooperatives to provide loans to members.
Self help groups are informal associations of financially weak individuals that are created to benefit group members. They are typically formed with 10-20 local people from similar backgrounds. The main purpose is to develop the socio-economic conditions of members. Government programs aim to empower women and support economic development through self help groups. Key features include small member size, common interests, equal rights, and maintaining monthly thrift savings. Self help groups provide important advantages like capacity building, mutual support, increased confidence and skills. Government schemes like DAY-NRLM provide funds and support to strengthen self help groups.
This document discusses underwriting, which is an agreement by an underwriter to subscribe to securities being issued in case not all are subscribed to. Key points:
- Underwriting requires sufficient financial resources and is a fee-based service. Specific commitments are documented in underwriting agreements.
- Underwriters can appoint sub-underwriters to spread risk. Sub-underwriters have the same obligations to the underwriter as the underwriter to the issuer.
- Underwriting commission is paid as a percentage of the value underwritten. Devolvement refers to the amount an underwriter must provide if an issue is under-subscribed.
- Underwriting is regulated in India under SEBI regulations and underwriters must
The document summarizes the origins and functions of the National Bank for Agriculture and Rural Development (NABARD) in India. It was established in 1982 to provide credit and other support services to promote rural and agricultural development. Key points include that NABARD provides refinancing to rural banks, coordinates rural development programs, and promotes initiatives like microfinance and support for farmers through training centers.
The document discusses the recommendations of the Narsimham Committee I, which was formed in 1991 to recommend reforms for improving the efficiency and effectiveness of India's financial system and banking sector. The committee recommended several reforms, including reducing statutory pre-emptions like SLR and CRR, introducing interest payments on CRR balances, phasing out directed lending programs, increasing transparency, improving loan recovery processes, deregulating interest rates, restructuring banks, introducing standardized asset classification and provisioning norms, allowing entry of private banks, abolishing branch licensing controls, implementing capital adequacy requirements, standardizing income recognition practices, and having RBI solely regulate the banking system instead of joint control with the Ministry of Finance. Many of the recommendations were
This document discusses various cooperative organizations that operate in rural areas in India. It defines a cooperative organization as one that promotes the economic interests of its members according to cooperative principles. It describes several cooperative organizations that provide various services to rural communities like agricultural credit, marketing and storage facilities, and socioeconomic development. Some organizations discussed include the Shri Mahila Griha Udyog Lijjat Papad cooperative, Jan Vikas cooperative society, Lokmanya cooperative credit society, Tribal Cooperative Marketing Development Federation of India, National Agricultural Cooperative Marketing Federation of India, and National Tree Growers Cooperative Federation.
DAY - NRLM (DAY - National Rural Livelihoods Mission) 'राष्ट्रीय ग्रामीण आजीव...Abinash Mandilwar
Complete scheme norms of DAY-NRLM (Deendayal Antyodaya Yojana – National Rural Livelihoods Mission) Schemes as per latest RBI guidelines. Important topic for JAIIB/CAIIB Exam and Banking awareness for bankers. Please like, share and comment on the video and subscribe the channel.
All about a co-operative society in India, its legal status and provisions of taxation, Government National Co-operative policy in India, and Exemptions granted under the Income Tax Act, 1961.
Capital structure refers to the composition of long-term capital from sources like loans, reserves, shares, and bonds. It represents the relationship between different types of long-term capital. A proper capital structure maximizes firm value, minimizes costs, and increases share prices. It also allows firms to take advantage of new investment opportunities and supports country growth. Factors that affect capital structure include financial leverage, operating leverage, earnings per share, costs of different sources, growth and stability of sales, flexibility, nature and size of firm, cash flows, control, market conditions, asset structure, financing purpose, and period of finance. Advantages of debt include amplifying returns, greater control and flexibility, while equity provides flexibility in raising funds
A cooperative is defined as a voluntary association of individuals who cooperate for their mutual social and economic benefit. Key characteristics of cooperatives include open membership, voluntary association, democratic management, and distribution of surplus profits to members. Cooperatives are established to provide non-profit services to members rather than maximize profits. In Tamil Nadu, cooperatives are governed by the Tamil Nadu Co-operatives Act of 1961 and must register with the state government. The government oversees formation and functioning of cooperatives through powers like approving bylaws and conducting audits.
Cooperative societies are autonomous associations that are voluntarily owned and controlled by their members to achieve mutual social, economic, and cultural benefits. They originated in India to help farmers pool resources for credit, procurement of supplies, and marketing of agricultural produce. Key principles include voluntary membership, democratic control by members, and concern for the community. While cooperatives provide benefits like promotion of savings and self-help, they face issues such as dormant membership, lack of participation in management, and political interference. Programs by organizations like NAFED and NCDC aim to support India's cooperative movement.
The document summarizes key provisions of the Companies Act 1956 in India. It defines a company and outlines its key features such as separate legal entity status and limited liability. It classifies companies into public limited, private limited, deemed public, unlimited, guarantee, government and foreign. It describes the process of company formation including memorandum of association, articles of association, prospectus, and registration. It also covers topics like board of directors, their powers and meetings, and winding up of companies.
Seeking for best funds to initiate your investment in India ? Here's the top performing schemes offered by ICICI Prudential Mutual Fund online with most recent updates of NAV and returns.
Small finance banks (SFBs) were introduced in India to increase access to banking in rural and underserved areas. Before SFBs, 35% of adults lacked bank accounts, with many low-income households having unmet credit demands. SFBs aim to deepen financial inclusion by serving small businesses and low-income communities through low-cost operations. The Reserve Bank of India issued guidelines in 2014 allowing certain qualified non-banking financial institutions to transition into SFBs. SFBs must meet requirements around capital, ownership, lending priorities, and financial inclusion. Currently there are 10 SFBs operating in India to expand access to banking and credit for underserved populations.
The document discusses the deregulation of interest rates on savings accounts in India. It provides background on the history of interest rate deregulation in India as part of broader financial sector reforms starting in the 1990s. It discusses how previously the RBI controlled savings account interest rates at 3.5% annually, but as of 2011 banks are now free to set their own rates. Some banks have begun increasing rates to around 4-5% while larger banks like SBI have not changed rates yet. International experiences with savings account deregulation are also examined.
Slide presentation on cooperative societyUche Okolie
This document discusses cooperatives as an economic model that emphasizes collective ownership and production to meet basic human needs. It proposes that cooperatives ensure equal rights and mutual respect among members, coordinate their cooperation, and balance individual and collective interests. The document provides guidelines for cooperative structures, including how to determine membership, distribute profits proportionately based on member contributions, and elect boards of directors to democratically manage operations. The aim is for cooperatives to empower local communities while encouraging individual initiative through appropriate incentive systems.
Cooperative banks are owned and operated by their members. They are registered under cooperative laws and provide banking services like loans and deposits to their members. Cooperative banking in India has a 3-tier structure - at the bottom are Primary Credit Societies (PCS) in villages, then Central Cooperative Banks (DCCBs) at the district level, and State Cooperative Banks (SCBs) at the apex level in each state. PCS provide credit to local farmers and collect savings, DCCBs provide funds to PCS and oversee their functioning, and SCBs coordinate activities between DCCBs and act as a link between cooperative banks and money markets.
Regional Rural Banks (RRBs) were established in India in 1975 to provide banking facilities to rural areas. They are jointly owned by the central government, state government and sponsoring commercial bank. RRBs focus on providing credit and banking services to small and marginal farmers, agricultural laborers and small businesses in rural areas. They accept deposits and offer loans, remittance facilities, and other banking services. However, over time RRBs have faced issues like inadequate finances, high loan defaults, and lack of coordination with other financial institutions which has impacted their effectiveness in developing rural regions of India.
Objectives & Agenda :
Companies can use either equity or debt form to raise capital. Equity can be raised by way of rights issue, bonus issue, private placement, public issue, etc. An offer of securities made to the existing shareholders of the Company is a rights issue. Bonus shares may be issued to the members of the Company out of its free reserves, or securities premium account or capital redemption account. The webinar covers the statutory / practical aspects of rights issue and bonus issue, including caveats relating to such issues.
This document discusses the role of human resource development in Panchayati Raj institutions and voluntary organizations in India. It notes that Panchayati Raj aims to empower local self-governance and ensure participation of all sections of society, especially weaker groups. However, inadequate training and leadership issues have hindered its goals. HRD can help by developing people's skills and strengthening accountability. Voluntary organizations also require HRD to build cultures of commitment, assess performance, and motivate volunteers. Both systems greatly benefit from focused HRD efforts.
A cooperative is a business that is owned and operated by its members to meet their common needs. The document discusses the definitions of cooperatives provided by various sources and principles that guide cooperatives, including voluntary membership, democratic member control, member economic participation, and concern for the community. It also outlines the key steps to form a cooperative society under law and provides a brief history of the cooperative movement.
A cooperative is a business owned and controlled equally by its members who use its services. To form a cooperative society in India, at least 10 people with common economic goals submit an application and bye-laws to the state registrar. If approved, the registrar issues a registration certificate. Cooperatives have features like open membership, democratic control, and distribution of surplus. Examples of cooperative societies include consumer cooperatives to provide goods at reasonable prices, producer cooperatives to support small producers, and credit cooperatives to provide loans to members.
Self help groups are informal associations of financially weak individuals that are created to benefit group members. They are typically formed with 10-20 local people from similar backgrounds. The main purpose is to develop the socio-economic conditions of members. Government programs aim to empower women and support economic development through self help groups. Key features include small member size, common interests, equal rights, and maintaining monthly thrift savings. Self help groups provide important advantages like capacity building, mutual support, increased confidence and skills. Government schemes like DAY-NRLM provide funds and support to strengthen self help groups.
This document discusses underwriting, which is an agreement by an underwriter to subscribe to securities being issued in case not all are subscribed to. Key points:
- Underwriting requires sufficient financial resources and is a fee-based service. Specific commitments are documented in underwriting agreements.
- Underwriters can appoint sub-underwriters to spread risk. Sub-underwriters have the same obligations to the underwriter as the underwriter to the issuer.
- Underwriting commission is paid as a percentage of the value underwritten. Devolvement refers to the amount an underwriter must provide if an issue is under-subscribed.
- Underwriting is regulated in India under SEBI regulations and underwriters must
The document summarizes the origins and functions of the National Bank for Agriculture and Rural Development (NABARD) in India. It was established in 1982 to provide credit and other support services to promote rural and agricultural development. Key points include that NABARD provides refinancing to rural banks, coordinates rural development programs, and promotes initiatives like microfinance and support for farmers through training centers.
The document discusses the recommendations of the Narsimham Committee I, which was formed in 1991 to recommend reforms for improving the efficiency and effectiveness of India's financial system and banking sector. The committee recommended several reforms, including reducing statutory pre-emptions like SLR and CRR, introducing interest payments on CRR balances, phasing out directed lending programs, increasing transparency, improving loan recovery processes, deregulating interest rates, restructuring banks, introducing standardized asset classification and provisioning norms, allowing entry of private banks, abolishing branch licensing controls, implementing capital adequacy requirements, standardizing income recognition practices, and having RBI solely regulate the banking system instead of joint control with the Ministry of Finance. Many of the recommendations were
This document discusses various cooperative organizations that operate in rural areas in India. It defines a cooperative organization as one that promotes the economic interests of its members according to cooperative principles. It describes several cooperative organizations that provide various services to rural communities like agricultural credit, marketing and storage facilities, and socioeconomic development. Some organizations discussed include the Shri Mahila Griha Udyog Lijjat Papad cooperative, Jan Vikas cooperative society, Lokmanya cooperative credit society, Tribal Cooperative Marketing Development Federation of India, National Agricultural Cooperative Marketing Federation of India, and National Tree Growers Cooperative Federation.
DAY - NRLM (DAY - National Rural Livelihoods Mission) 'राष्ट्रीय ग्रामीण आजीव...Abinash Mandilwar
Complete scheme norms of DAY-NRLM (Deendayal Antyodaya Yojana – National Rural Livelihoods Mission) Schemes as per latest RBI guidelines. Important topic for JAIIB/CAIIB Exam and Banking awareness for bankers. Please like, share and comment on the video and subscribe the channel.
Microfinance, also called microcredit, is a type of banking service provided to unemployed or low-income individuals or groups who otherwise would have no other access to financial service.
Microfinance provides small loans, savings, insurance and other financial services to low-income individuals who lack access to traditional banking services. In India, microfinance helps the estimated 26-50% of the population that lives below the poverty line, as well as the 87% of poor households without access to formal credit. Common microfinance models in India include self-help groups which pool savings and offer small loans, and the Grameen Bank model of groups of five joint-liability borrowers. The self-help group model dominates microfinance in India, facilitated by the National Bank for Agriculture and Rural Development. Microfinance has grown substantially over the last decade but there remains massive unmet demand, as over $30 billion is
NABFINS is an NBFC-mFI subsidiary of NABARD that aims to support rural and urban poor through loans at reasonable interest rates. It has reached over 5.5 lakh poor households across 75 districts in 5 states through 263 staff. NABFINS lends directly to self-help groups and joint liability groups through 268 business partners. It has seen steady growth over 5 years of operations with total assets growing from Rs. 413 crore to Rs. 942 crore and loan disbursement increasing from Rs. 57 crore to Rs. 795 crore. NABFINS focuses on financial inclusion through affordable loans and basic skills training while ensuring good client practices and social responsibility.
This document provides information about women saving schemes in India. It discusses the history and guidelines for self-help groups and microfinance through women saving schemes. It outlines various government schemes to promote women saving schemes such as the Bhartiya Mahila Bank and Corporation Bank's savings scheme for women. An interview with Sangeeta Kamble, the leader of a women saving scheme called Vishwa Shanti Mandal, highlights her journey in founding the group and empowering women through financial inclusion and community support.
This document discusses microfinance and its role in providing financial services to low-income populations. It defines microfinance as the provision of small loans, savings opportunities, and other basic financial services to the poor. Microfinance helps the poor generate income through self-employment and smooth consumption. The major models of microfinance delivery in India are the self-help group (SHG) bank linkage model and non-banking financial companies (NBFCs). The SHG model involves groups of women saving regularly and taking small loans, with banks later providing larger loans. NBFCs encourage joint liability groups (JLGs) and make individual loans to members.
SAKHI raises capital through:
1. Loans from Friends of Women World Bank at an annual interest rate of 13.5%
2. Group guarantees followed by center guarantees for loans provided to members
3. Upfront loan processing fees of 2% charged to borrowers
SAKHI provides microloans ranging from Rs. 3,000 to Rs. 15,000 to economically disadvantaged individuals through a systematic organizational structure and loan disbursement process.
This document discusses empowering women through self-help groups and the role of distance education. It begins by outlining the concept and models of self-help groups as instruments of economic empowerment. It then discusses the progress of the SHG bank linkage model in India, noting that over 717,000 SHGs have been linked to banks. The document concludes that while microfinancing through SHGs has empowered women economically, lack of education can be a barrier, and governments should link distance education opportunities to SHG membership to further empowerment.
This document provides an overview of banking cooperatives, including their structure, features, objectives, importance, functions, principles, and products/services. It discusses how cooperative banks are owned and controlled democratically by their members. They aim to serve members' needs rather than maximize profits. The document also summarizes the structure of cooperative banking in India and provides examples of specific cooperative banks in India, including their history and objectives.
This paper has referred to research done over the years and tries to study the trend of average
amount of loan disbursed to SHGs, amount of bank loans outstanding and its associated gross NPA from 2015
to 2020, agent-wise
ROLE OF self help group in economic development-1.docxMrParmanand
This document provides an overview of self-help groups (SHGs) and their role in economic development. It discusses how SHGs are formed by bringing together small groups of economically homogeneous individuals who make regular savings contributions. The funds are then available for members to take loans and invest in income-generating activities. SHGs aim to empower members and alleviate poverty through collective savings, access to credit, and peer support. They have become an important microfinance model, especially in India through the SHG bank linkage program. The document also reviews shifts in development paradigms and approaches to rural development over time.
This document provides an overview of microfinance in India. It defines microfinance as the provision of financial services to low-income populations who lack access to mainstream services. Microfinance includes small loans, savings, insurance, and money transfers. Key aspects of microfinance in India discussed include the evolution of the industry, types of microfinance institutions such as self-help groups and joint liability groups, and channels for delivering microfinance services such as the SHG-Bank linkage model.
Challenges and oppor and role in poverty alleviation of micro financeBikramjit Singh
The document discusses various microfinance models and their opportunities and challenges. It describes self-help group (SHG) models which involve small groups of 10-20 members that build collective savings and provide loans. It also outlines the Grameen Bank model of weekly meetings, group savings funds, and members guaranteeing one another's loans. Joint liability groups and cooperative societies are also microfinance models discussed. The document analyzes opportunities to empower women and train borrowers, as well as challenges around outreach, interest rates, and retaining qualified staff.
Presentation to bank staff on features of rural economy, rural financing, Kisan Credit Card, National Rural Livelihood Mission (NRLM), Self Help Groups (SHG), Joint Liability Group (JLG), term loans for agriculture, dairy etc., in Indian context
This document provides an overview of microfinance in India. It defines microfinance and its key features. It discusses the evolution of microfinance in India since the 1970s. It describes the different models of microfinance delivery including self-help groups (SHGs), joint liability groups (JLGs), microfinance institutions (MFIs), and the priority sector lending framework. It summarizes the recommendations of the Malegam Committee on regulating the microfinance sector in India. Finally, it provides some statistics on the growth and current status of microfinance in India.
This document provides an overview of microfinance in India. It defines microfinance and discusses its evolution in India since the 1970s. It describes different microfinance models like self-help groups (SHGs) and joint liability groups (JLGs). It also discusses microfinance institutions (MFIs) like non-profits, cooperatives, and NBFCs. The document outlines priority sector lending guidelines and summarizes recommendations from the Malegam Committee on regulating the microfinance sector in India.
This document provides an internship report submitted by Adeel Ahmed Shakree to the Chairman of the Department of Business Administration at Allama Iqbal Open University. The report details Adeel's internship at The First MicroFinance Bank Ltd, including an acknowledgements section, table of contents, and sections on the bank's history, nature, business volume, product lines, departments, management roles, funds management, data analysis, competitors, and recommendations. The document provides a high-level overview of Adeel's internship project and report for the bank.
Microfinance provides loans, savings, and other financial services to poor individuals. It originated in the 1970s in Bangladesh and combines strengths of formal and informal credit systems. NGOs and organizations like NABARD, RMK, and SIDBI regulate microfinance institutions (MFIs) in India and provide funding. MFIs aim to improve lives of poor through financial access and self-employment opportunities. Self-help groups (SHGs) are important for microfinance, allowing members to save, take loans, and start businesses.
On 06 Jan 2016 ,the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, approved the “Stand Up India Scheme” to promote entrepreneurship among SC/ST and Women entrepreneurs. The Scheme is intended to facilitate at least two such projects per bank branch, on an average one for eachcategory of entrepreneur. It is expected to benefit atleast 2.5 lakh borrowers.
The expected date of reaching the target of at least 2.5 lakh approvals is 36 months from the launch of the Scheme.
Expanding Access to Affordable At-Home EV Charging by Vanessa WarheitForth
Vanessa Warheit, Co-Founder of EV Charging for All, gave this presentation at the Forth Addressing The Challenges of Charging at Multi-Family Housing webinar on June 11, 2024.
What Could Be Behind Your Mercedes Sprinter's Power Loss on Uphill RoadsSprinter Gurus
Unlock the secrets behind your Mercedes Sprinter's uphill power loss with our comprehensive presentation. From fuel filter blockages to turbocharger troubles, we uncover the culprits and empower you to reclaim your vehicle's peak performance. Conquer every ascent with confidence and ensure a thrilling journey every time.
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EV Charging at MFH Properties by Whitaker JamiesonForth
Whitaker Jamieson, Senior Specialist at Forth, gave this presentation at the Forth Addressing The Challenges of Charging at Multi-Family Housing webinar on June 11, 2024.
Implementing ELDs or Electronic Logging Devices is slowly but surely becoming the norm in fleet management. Why? Well, integrating ELDs and associated connected vehicle solutions like fleet tracking devices lets businesses and their in-house fleet managers reap several benefits. Check out the post below to learn more.
Understanding Catalytic Converter Theft:
What is a Catalytic Converter?: Learn about the function of catalytic converters in vehicles and why they are targeted by thieves.
Why are They Stolen?: Discover the valuable metals inside catalytic converters (such as platinum, palladium, and rhodium) that make them attractive to criminals.
Steps to Prevent Catalytic Converter Theft:
Parking Strategies: Tips on where and how to park your vehicle to reduce the risk of theft, such as parking in well-lit areas or secure garages.
Protective Devices: Overview of various anti-theft devices available, including catalytic converter locks, shields, and alarms.
Etching and Marking: The benefits of etching your vehicle’s VIN on the catalytic converter or using a catalytic converter marking kit to make it traceable and less appealing to thieves.
Surveillance and Monitoring: Recommendations for using security cameras and motion-sensor lights to deter thieves.
Statistics and Insights:
Theft Rates by Borough: Analysis of data to determine which borough in NYC experiences the highest rate of catalytic converter thefts.
Recent Trends: Current trends and patterns in catalytic converter thefts to help you stay aware of emerging hotspots and tactics used by thieves.
Benefits of This Presentation:
Awareness: Increase your awareness about catalytic converter theft and its impact on vehicle owners.
Practical Tips: Gain actionable insights and tips to effectively prevent catalytic converter theft.
Local Insights: Understand the specific risks in different NYC boroughs, helping you take targeted preventive measures.
This presentation aims to equip you with the knowledge and tools needed to protect your vehicle from catalytic converter theft, ensuring you are prepared and proactive in safeguarding your property.
Ever been troubled by the blinking sign and didn’t know what to do?
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Save them for later and save the trouble!
2. Definition
Self-help Groups (SHGs) are informal associations
of people below poverty line who come together for
mutual help, mutual benefit and mutual cooperation
for development of saving habit, Income generation,
social needs and debt swapping.
They are generally self-governed and peer-controlled.
It’s a village based financial committee usually composed of 10-
20 local women/men exception being hill, tribal, desert areas
where a min of 5-20 members is acceptable.
Generally all members are BPL but max of 30% can be from APL
but they are not eligible for subsidy.
3. Emergence of SHG In India
SHG traced in 1972 with the establishment of SEWA.
Ela Bhatt, who formed SEWA, organized poor and self-
employed women workers.
NABARD, in 1992, formed the SHG Bank Linkage Project,
which is today the world’s largest microfinance project.
From 1993 onwards, NABARD, along with the Reserve
Bank of India, allowed SHGs to open savings bank accounts
in bank.
The Swarn Jayanti Gram Swarozgar Yojana was introduced
in 1999 by GoI with the intention of promoting self-
employment in rural areas through formation and skilling
of such group.
Further evolved into the National Rural Livelihoods
Mission (NRLM) in 2011.
4. SHG-BLP
Self help Group- Bank Linkage Programme
Self Help Groups have the potential to bring together the
formal banking structure and the rural poor for mutual
benefit.
Studies conducted by NABARD in a few states to assess
the impact of the linkage project have brought out
encouraging and positive features like increase in loan
volume of the SHGs, definite shift in the loaning pattern
of the members from non-income generating activities to
production activities, nearly 100 per cent recovery
performance, significant reduction in the transaction
costs for both the banks and the borrowers etc., besides
leading to a gradual increase in the income level of the
SHG members.
5. SHG BLP
NABARD continues close coordination with all
stakeholders in SHG-BLP sector. Collaboration with NRLM
is being regularly maintained and enhanced for the support
of SHG-BLP.
Coordinated efforts like conduct of National level seminars
and workshops, mutual dialogues and capacity building of
stakeholders on SHG BLP have now become very regular.
Coordinated efforts in following areas have particularly
proved immensely fruitful.
Training of Trainers (TOT) programme
Conduct of Village Level Programmes (VLPs)
Smooth transition of WSHGs promoted in NRLM
intensive blocks to SRLMs
6. SHPI- Self Help Promoting Institutes
This programme is an attempt through Self Help Promoting
Institutes (SHPI) to work for promoting and enabling credit
linkage of these groups and also ensure loan repayment.
The NGO sector has played a prominent role of working as a
Self Help Group Promoting Institution (SHPI) by organizing,
nurturing and enabling credit linkage of SHGs with banks.
NABARD later co-opted many others as SHPIs including
the rural financial institutions (RRBs, DCCBs, PACS),
Farmers’ Clubs (FCs), SHG Federations, Individual Rural
Volunteers (IRVs) etc.
These stakeholders were encouraged to take up promotion
of SHGs by way of promotional grant assistance from
NABARD.
7. MEDP – Micro Enterprise development
Programme
NABARD since 2006 has been supporting need-based skill
development programmes (MEDPs) for matured SHGs
which already have access to finance from Banks.
MEDPs are on-location skill development training
programmes which attempt to bridge the skill deficits or
facilitate optimization of production activities already
pursued by the SHG members.
Grant is provided to eligible training institutions and SHPIs
to provide skill development training in farm/off-
farm/service sector activities leading to establishment of
micro enterprises either on individual basis or on group
basis
Over the years around 4.68 Lakh SHG members have been
covered through 16,406 MEDPs.
8. LEDP-Livelihood and Enterprise
Development Programmes
Livelihood and Enterprise Development Programmes
Skill upgradation trainings alone have limited impact on livelihood
creation among the SHG members.
To create sustainable livelihoods among SHG members and to
attain optimum benefit out of skill up gradation there is provision.
That provision is of intensive training for skill building, refresher
training, backward-forward linkages and handholding & escort
supports. It also encompasses the complete value chain and offers
end-to-end solution to the SHG members.
Implementation on a project basis covering 15 to 30 SHGs in a
cluster of contiguous villages.
9. DAY-NRLM
The Ministry of Rural Development, Government of India
launched a programme known as National Rural Livelihoods
Mission (NRLM) by restructuring and replacing the Swarn
jayanti Gram Swarozgar Yojana (SGSY) scheme with effect
from April 01, 2013.
DAY-NRLM is the flagship program of Govt. of India for
promoting poverty reduction through building strong institutions
of the poor, particularly women, and enabling these institutions
to access a range of financial services and livelihood services.
10. FINANCIAL ASSISTANCE:DAY-NRLM
Revolving Fund (RF): DAY-NRLM would provide Revolving Fund
(RF) support to SHGs in existence for a minimum period of 3/6
months and follow the norms of good SHGs, i.e. they follow
‘Panchasutra’ – regular meetings, regular savings, regular internal
lending, regular recoveries and maintenance of proper books of
accounts
Only such SHGs that have not received any RF earlier will be
provided with RF, as corpus, with a minimum of Rs10, 000 and up to
a maximum of Rs15,000 per SHG
No Capital Subsidy will be sanctioned to any SHG from the date of
implementation of DAY-NRLM.
11. NRLM Cntd……
Community Investment Support Fund (CIF) will be provided to the SHGs in the intensive blocks,
routed through the Village level/ Cluster level Federations, to be maintained in perpetuity by the
Federations. The CIF will be used, by the Federations, to advance loans to the SHGs and/or to
undertake the common/collective socio-economic activities.
DAY-NRLM has a provision for interest subvention, to cover the difference between the Lending
Rate of the banks and 7%, on all credit from the banks/ financial institutions availed by women SHGs,
for a maximum of ₹ 300,000/- per SHG. This will be available across the country in two ways:
(i) In 250 identified districts, banks will lend to the women SHGs @7% up to an aggregated loan
amount of Rs300,000/-.The SHGs will also get additional interest subvention of 3% on prompt
repayment, reducing the effective rate of interest to 4%.
(ii) In districts other than the above 250 districts, all women SHGs under DAY- NRLM will be
eligible for interest subvention to avail the loan facility at an interest rate of 7%. The funding for this
subvention will be provided to the State Rural Livelihoods Missions (SRLMs) from the allocation for
DAY- NRLM.
12. Role of Banks
Opening of Savings account of SHGs:KYC verification of only the
office bearers shall suffice for opening of savings bank account
Opening of Savings account of Federation of SHGs:Banks are
advised to open savings account of Federations of SHGs at village,
Gram Panchayat, Cluster or higher level. These accounts may be
categorized as savings account for ‘Association of persons’.
Transaction in Savings account of SHGs and Federation of
SHGs:To facilitate this, banks are advised to enable transactions in
jointly operated savings account of SHGs and their federations with
inter-operable facility
13. Lending Norms of SHG
Lending Norms:
(a)Eligibility Criteria:(i) Active existence at least since the last 6 months as per the
books of account of SHGs and not from the date of opening of S/B account
(ii) Practicing ‘Panchasutras’
(iii) Existing defunct SHGs are also eligible for credit if they are revived and continue to
be active for a minimum period of 3 months.
(b) Loan amount:(i) multiple doses of assistance under DAY- NRLM.
(ii) can avail either Term Loan or a Cash Credit Limit loan or both based on the need. In
case of need, additional loan can be sanctioned even though the previous loan is
outstanding.
14. CASH CREDIT LIMIT
DP(YEARW
ISE)
LIMIT
1ST 6 times of the existing corpus or minimum of Rs 1 lakh whichever is higher.
2ND 8 times of the corpus at the time review/ enhancement or minimum of Rs 2 lakh,
whichever is higher.
3RD 3 lakhs based on the Micro credit plan prepared by SHG and appraised by the
Federations /Support agency and the previous credit history.
4TH Minimum of ₹ 5 lakhs based on the Micro credit plan prepared by SHG and
appraised by the Federations /Support agency and the previous credit History
Banks are advised to sanction minimum loan of Rs 5 lakhs to each eligible
SHGs for a period of 5 years with a yearly drawing power (DP).
15. TERM LOAN
In case of Term Loan, banks are advised to sanction loan amount in doses as
mentioned below:
First Dose: 6 times of the existing corpus or minimum of Rs 1 lakh whichever is
higher.
Second Dose: 8 times of the existing corpus or minimum of Rs 2 lakh,
whichever is higher.
Third Dose: Minimum of Rs 3 lakhs based on the Micro credit plan prepared by
the SHGs and appraised by the Federations /Support agency and the previous
credit history.
Fourth Dose: Minimum of Rs 5 lakhs based on the Micro credit plan prepared
by the SHGs and appraised by the Federations /Support agency and the
previous credit History.
* (Corpus is inclusive of revolving funds, if any, received by that
SHG, its own savings, interest earning by SHG from on-lending
to its members, income from other sources, and funds from
other sources)
17. Purpose of loan and repayment
Purpose:
The loan amount will be distributed among members based on the Micro Credit Plan (MCP)
prepared by the SHGs.
In order to facilitate use of loans for augmenting livelihoods of SHG members, it is advised that
at least 50% of loans above Rs 2 lakhs and 75% of loans above Rs 4 lakhs be used primarily for
income generating productive purposes. Micro Credit Plan (MCP) prepared by SHGs would form
the basis for determining the purpose and usage of loans.
Repayment:
The First year/ first dose of loan will be repaid in 12-18 months in monthly/ quarterly
installments.
The Second year/ Second dose of loan will be repaid in 18-24 months in monthly/ quarterly
installments.
The Third year/ Third dose of loan will be repaid in 24-36 months in monthly/ quarterly
installments.
The loan from Fourth year/ Fourth dose onwards has to be repaid between 3-6 years based
on the cash flow in monthly/ quarterly installments.
18. Security and Margin
No collateral and no margin will be charged up to Rs10.00 lakhs limit to
the SHGs.
No lien should be marked against savings bank account of SHGs and
no deposits should be insisted upon while sanctioning loans.
19. Dealing with Defaulters
It is desirable that willful defaulters should not be financed under
DAY-NRLM.
At the stage of accessing bank loan by SHG for financing
economic activities by its members, the willful defaulters should
not have the benefit of such bank loan until the outstanding
loans are repaid.
Willful defaulters of the group should not get benefits under the
DAY-NRLM Scheme and the group may be financed excluding
such defaulters while documenting the loan.
20. Post credit follow-up
Loan pass books or statement of accounts in regional
languages may be issued to the SHGs
At the time of documentation and disbursement of loan, it is
advisable to clearly explain the terms and conditions as part of
financial literacy.
Bank branches may observe one fixed day in a fortnight to
enable the staff to go to the field and attend the meetings of the
SHGs and Federations to observe the operations of the SHGs
and keep a track of the regularity in the SHGs meetings and
performance.