E-Shakti program: More than 1.27 lakh Self-help-groups to come on digital platforms

The oh-so-ambitious e-Shakti project is on a new mission now. The self-help group-bank linkage program will soon bring 1.27 lakh SHG’s on to the digital platform by leveraging technology.

The e-Shakti project will encompass over 1.46 million households spread over 18,500 villages.

A specific website has been established and maintained to store data of all Self-help groups. This website will ensure that the banks make effective decisions on the credit needs of the groups. It will ensure optimum utilisation of the services of banks.

A K Singh, chief general manager of the NABARD informed that the e-Shakti project will bring data of over 1.27 lakh SHG into the database of the banks which will be able to make informed decisions owing to the data.

NABARD’s relationship with Rajasthan

In fiscal 2016-17, NABARD extended a generous loan of Rs 3,396.85 crore for the purpose of various farm and non-farm investment. Besides, a sum of Rs 9,255.88 crore has been provided as loan as crop loan finance.

The state government has been offered a loan amount of Rs 1869.59 crores for the purpose of rural infrastructure and warehouse development. A sum of Rs 547 crore has been offered as a loan for direct finance under novice business initiatives.

Other projects of NABARD

NABARD has taken up the mass water campaign. The organisation covered the initiative to over one lakh villages of the country. As many as 6,550 villages in the 27 districts of Rajasthan have been covered under the mass water program.

“The water campaign recently undertaken by NABARD in 6,550 villages of the state created mass level awareness about the conservation and efficient use of rain water. Besides, it has also supplemented the state government’s efforts under its flagship programme of Mukhya Mantri Jal Swavlamban Abhiyaan (MJSA),” said Ajay Singh Kilak, minister for cooperation on the bank’s 35th foundation day.