Page 40 - Banking Finance September 2019

ARTICLE

ESHAKTI- A

DIGITISATION

OF SELF HELP

GROUP (SHGS)

Opportunities in Credit Linkage

E -Shakti a Digitisation of SHGs is an initiative of Objectives

Micro Credit and Innovations Department of
The aims at digitisation of all the SHG accounts to bring SHG
NABARD in line with our Hon'ble PM statement,
members under the fold of Financial Inclusion thereby
'we move with the dream of electronic digital
helping them access wider range of financial services
India. Digital India is a Rs 1.13-lakh crore initiative together with increasing the bankers' comfort in credit
of Government of India to integrate the government appraisal and linkage by way of Integrating SHG members
departments and the people of India and to ensure effective
with the national Financial Inclusion agenda. Improving the
governance.
quality of interface between SHG members and Banks for
efficient and hassle free delivery of banking services by using
It is to "transform India into digital empowered society and the available technology; Facilitate convergence of delivery
knowledge economy". Keeping in view the Government of system with SHGs using Aadhaar linked identity.
India's mission for creating a digital India, NABARD launched
a project for digitisation of all Self Help Group (SHG) in the
country. The project is being implemented in 100 districts Need of digitisation
across the country. The need of digitisation of records of SHGs has been felt for
quite some time due to patchy and delay in maintenance of
About the author books of accounts. Transparent and proper maintenance of
records of SHGs will facilitate in nurturing and strengthening
Pravindra Kumar of SHGs. It will be also helpful for SHGs credit linkage with
Senior Manager - Faculty banks.
Staff Training Centre
Union Bank of India It is also felt that digital empowerment will help in bringing
Kolkata SHGs on a common web based e-platform by making book

40 | 2019 | SEPTEMBER | BANKING FINANCE