Micro – Credit Programme

  • NABARD Financial Services (NABFINS) :

With the support of NABFINS, IYD working as a Business Correspondence (BC) under micro credit programme for 129 villages in three taluks such as Pavagada, Sira and Tumkur of Tumkur district. The main aim is to create an institution as a model to be emulated by other players in the project area. More than 1250 SHGs are formed in the taluks, of which 975 were linked to NABFINS micro credit programme. In this programme 17,112 families (Men & Women) availed loan and started Income Generating Programme. The total disbursement under this program is Rs.36, 12, 92,000 and repayment stands at Rs.35, 03, 39,634.

One of our major interventions in this program is formation and capacity building of SHGs and also promoting Income Generation Activities through group financing.

IYD role technically not in operation after 1st January 2017.

S.N

Name of the Taluk / Block

No. of Groups

Amount of Loan Disbursed

Loan amount Recovered

 1

Pavagada, Cluster, Tumkur district

776

SHGs

 31,56,50,000

30,50,37,821

 2

Chikkaseebi Cluster, Tumkur district

199

SHGs

4,56,42,000

4,53,01,813

 

Total

975

 36,12,92,000

 35,03,39,634

  • ICICI Bank Ltd:

To promote and facilitate credit linkage of Self Help Groups (SHGs) with banks and provide continuous handholding support. The programme is an attempt that through Self Help Promoting Institutes (SHPI) to work for promoting and enabling credit linkage of these group s and also ensure loan repayment.

IYD working as Self Help Promoting Institutions (SHPI) with  ICICI Bank for Promotion, training and credit linkage of 256 SHGs in 56 villages of Nelamangala, Doddaballapura, Devanahalli taluks of Bangalore Rural district and Bangalore North, Bangalore South and Anekal taluks of Bangalore Urban district.

S.N

Name of the taluk / block

No. of Groups

Amount of Loan disbursed

Loan amount Recovered

 1

Pavagada, Cluster, Tumkur district

 

 

 

 2

Doddaballapura Cluster, Bangalore Rural district

 

 

 

3

Nelamangala Cluster, Bangalore Rural district

 

 

 

4

Bangalore North taluk, Bangalore Urban Dist

 

 

 

5

Bangalore South taluk, Bangalore Urban Dist

 

 

 

 

Total