Page 42 - Banking Finance September 2019

ARTICLE

Process of digitisation Y Capture of field level information from SHGs in a limited
time and periodic upload of savings and credit details
Information of all the SHGs and their members are uploaded
of SHGs
onto the website. The transactions are updated through
'apps' on android Mobile/Tablet. Data authenticity is ensured Y Cooperation from banks
through SMS alerts to members and sample audits. MIS Y GPRS connectivity
reports on groups are generated and progress is tracked on
a real time basis. Overall, the whole ecosystem was designed Benefits
to address the complex issue related to patchy financial
Y Provided credit to SHGs based on real time performance
records of SHGs and information captured at two levels in
following manner. Y Significantly reduced Saving-Credit linkage gap
i. Member level Y Captured credit history of members
Name, address, gender, marital status, Physically Y Promoted transparency through real time SMS alerts
Challenge status, Aadhaar details, Voter ID card details, in 10 languages to members
mobile number, BPL/APL status, membership of any Joint Y Aided convergence of SHGs with other Government
Liability Group (JLG), house type, availability of toilets, Programmes
electricity connection and other financial details like
saving bank account number, savings, borrowing & Y Integrated members with the larger Financial Inclusion
Agenda
repayment, life/medical insurance, micro pension policy
(if any). Y List of non-credit linked SHGs
Y System generated SHG loan application
ii. SHG level
Y Recovery performance of SHG month wise
Name, address, date of formation, name of SHPI/NGO,
programme under which supported, savings habits, Y Real time grading of SHGs
lending policy, bank linkage, details of periodic savings
collected and internal lending, utilisation of bank credit Paving way for Credit Linkage of SHGs
availed for members. Y About 31 MIS reports like Meetings, Savings, Credit

Output and MIS-Following detail we can linkage, Repayment and demand collection balance can
be generated sitting in the Bank branch itself.
obtain from digitisation package of SHGs Y Easier processing of loan using E-Shakti system

Y Member wise details of SHGs on saving, lending, generated prefilled application forms with all the
attendance information on members and groups.
Y SHG and member wise credit history Y Bank branches to access the portal https://

Y Financial statement of SHGs - Balance sheet and Profit eshakti.nabard.org through Intranet or internet using
and Loss account their branch IFSC and password.
Y Grading chart of SHGs
Conclusion
Y Micro Credit Plan of the SHGs
The main USP of this E-Shakti project is 'one click' availability
Y Audit report of the financial health of self-help groups maintaining SB a/

Y Bank linkage details - savings and credit disbursement c with Bank/Branches. This portal grades the SHGs based
on financial transactions and enables Banks to pick good
Y Other periodical MIS on performance of SHGs
quality SHGs for extending credit assistance. This portal will
be of immense help to banks to take credit decisions on
Challenges SHGs. Banks are therefore advised to make use of E-Shakti
Y Sourcing of information from poor database and records portal for increasing the credit to SHGs.
Y Large scale training and capacity building of SHGs, SHPIs
and others involved in implementation of the References:
programme National bank for agriculture and rural developmen. T

42 | 2019 | SEPTEMBER | BANKING FINANCE