Kudumbashree and SLBC (State Level Bankers Committee) organized One Day Workshop to ensure better banking services for 3 lakh Kudumbashree NHGs in the state and Entrepreneurs at Mascot Hotel, Thiruvananthapuram on 8 February 2023.
Shri. Jafar Malik IAS, Executive Director, Kudumbashree said that in addition to emphasizing existing livelihood schemes to provide sustainable income to NHG members, more emphasis will be placed on financial support and financial literacy activities in the next financial year. Equal importance is being given to the activities to bring the members of the newly formed Auxiliary Groups to better careers. The foundation of Kudumbashree is the micro savings scheme and related activities. In his welcome address, the Executive Director said that a financial literacy campaign would be organized for NHG members to avoid unscientific loan transactions and achieve accuracy and precision in financial transactions.
Rs 8029 crores in various banks of the state belong to Kudumbashree NHGs. The remaining amount after disbursing the internal loan is given interest in savings bank account. Kudumbashree has also raised the suggestion of providing more interest on this investment. Shri. Sreekumar, Deputy General Manager, Canara Bank and SLBC representative said that they will consider whether this can be implemented as per the current guidelines of the Reserve Bank of India. Apart from this, Kudumbashree made discussions with various bank representatives on the challenges faced by banks in providing linkage loans to NHGs, the difficulties faced by existing entrepreneurs and the members of newly formed Auxiliary Groups in getting self-employment loans, relaxation in existing procedures for opening new accounts and providing linkage loans to NHGs, and the services of banking correspondents to speed up the loan process.
Shri. Anil P Antony, Director, Kudumbashree welcomed the gathering. Shri. Anish Kumar, State Programme Manager, Kudumbashree made a presentation on the various livelihood projects implemented by Kudumbashree in the state aiming at Local Economic Development, projects requiring bank loans for entrepreneurs and Centrally Sponsored Projects. Shri. P. Mohannayya, National Resource Person, NIRD, Shri. Abhishek Goswami, Mission Manager, NRLM-NIRD spoke at the function. Various bank representatives, Kudumbashree Programme Officers and State Programme Managers participated in the programme.
- 48 views
Content highlight
Kudumbashree and SLBC Organizes One Day Workshop to ensure better banking services for Kudumbashree NHGs and Entrepreneursen