Kudumbashree NHGs, which is known as the backyard bank, have deposits of Rs. 9369 crores in various banks in the state. Savings creation at the NHG level is part of the micro finance project that Kudumbashree has been implementing since 1998 to promote the saving habits of ordinary women and meet their personal needs. One of the biggest achievements of Kudumbashree, which has completed its silver jubilee, is the huge investment made by the NHG members so far. Although the project was started with the condition that all members should invest at least Rs. 10 every week, the gradual progress in the number of NHGs and members and their investments has helped the savings to jump into the billions. In addition, through the Sustainable Thrift and Credit Campaign conducted by Kudumbashree Mission during 2024-25, the average weekly savings of the NHG members have been significantly increased. With this, Kudumbashree has also earned the reputation of being the women's fraternity that achieved the highest investment through weekly savings in Asia.
Along with savings, one can also take loans from NHGs. The fact that NHG loans are available at low interest rates without any procedures makes it attractive. By obtaining these loans, one can also avoid the debt trap of private loan lenders. A member can take a loan proportional to the investment according to their needs. If other members permit, they can get more than their own investment amount in the form of a loan. There is an opportunity to take loans in NHGs as personal loans and with mutual guarantees. Till date, Rs. 28723.89 crores have been given to the NHG members in the form of internal loans.
Today, a good section of Kudumbashree entrepreneurs across the state have successfully started their businesses by taking loans from NHGs. They also rely on Kudumbashree loans for various needs such as children's education, house construction, marriage, and medical treatments etc.
Kudumbashree's microfinance project has also played a major role in providing financial literacy to all NHG members in the state. Today, all NHG members have their own bank accounts. 3.07 lakh NHGs have been linked to banks so far. Through this, they have also gained the ability to conduct their own banking transactions and make digital payments. Today, in addition to nationalized banks, new generation banks are also coming forward to provide loans to NHGs. This is due to the accuracy of loan repayments.
Kudumbashree's microfinance project has also played a major role in providing financial literacy to all NHG members in the state. Today, all NHG members have their own bank accounts. 3.07 lakh NHGs have been linked to banks so far. Through this, they have also gained the ability to conduct their own banking transactions and make digital payments. Today, in addition to nationalized banks, new generation banks are also coming forward to provide loans to NHGs. This is due to the accuracy of loan repayments.
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Bank Deposits of Kudumbashree NHG Women in the State amounts to Rs. 9369 Crores