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Good News for SHG
 
Voluntary Action Fund
  • SHG are now eligible to apply for voluntary action fund of Planning Department (Corpus Rs. 50 Lakhs per annum). Voluntary action funds are given for arranging Awareness building programmes, seminars, workshops, etc. NGOs including SHGs are eligible for the same.

  • Each eligible organisation who would be assisted for an amount of Rs. 10,000 to Rs. 25,000. SHGs should apply as and when advertisements come out through Deputy Commissioners.

  • Presently for West Garo Hills, South Garo Hills , Ri Bhoi, Jaintia Hills and East Khasi hills District additional applications are being sought for 2006-07 by the Deputy Commissioners concerned. Contact Deputy Commissioners office immediately. For 2007-08 advertisement is shortly coming.

Promotion & Credit Linkage of SHGs - Revision of Existing Guidelines
  • The Committee on Financial Sector Plan for North Eastern Region has made several recommendations for upscaling the microfinance activities in the North Eastern Region. The Committee has, among other things, suggested that due to sparse population in hilly areas, the norm of minimum number of members for SHG may be relaxed to 5 members per SHG.

  • We are pleased to advice that it has been decided by NABARD that the norms for minimum members in a SHG is relaxed to 5 members in all the hilly districts of North Eastern Region for refinance and grant support from NABARD.

  • This may please be brought to the notice of all your branches / field level functionaries.