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Jayant Sinha launches Nabard's digitisation scheme for SHGs

With an objective to promote financial inclusion, Nabard today started a pilot project for complete digitisation of women self help groups (SHGs) to improve the quality of interface between members and banks for efficient and hassle free delivery of banking services.

Govt rolls out interest subvention on loans taken by women SHG

Ahead of the Lok Sabha polls, the Government Monday reached out to rural women by rolling out a Rs 1,400 crore interest subvention on loans taken by Self Help Groups working for their empowerment.

Chidambaram calls upon SHGs, farmers to avail loan facilities

Union Finance Minister P Chidambaram Sunday called upon the self help groups, farmers and entrepreneurs to open bank accounts and avail loan facilities for their business and agricultural needs.

KYC norms for SHGs eased, all members need not be verified

To address problems faced by Self Help Groups during opening of savings bank accounts and credit linking, the RBI on Wednesday simplified KYC norms for them by stating that verification of all SHG members is not required.