Self-help Groups as Financial Intermediaries in India ... - Sa-Dhan

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Appendix 3: APEX AND WHOLESALE MICROFINANCE INSTITUTIONS IN INDIAOrganisation SIDBILucknowNABARDBombayRMKNew DelhiHUDCONew DelhiHDFCBombayFWWBAhmedabadRGVNGuwahati1. Program Micro CreditScheme2. Borrowers 1. NGOs2. SHGFederations3. Cooperatives4. Companies(for- or notfor-profit)3. Eligibility 1. Organizationin existencefor 3 years2. Proven trackrecord as perown criteria3. Credit rating4. Purpose Primarily forIGA purposeslimited to small/tiny industrialactivitiesRevolving FundAssistance1. NGOs2. Federationof SHGs3. CooperativeSocieties1. RegisteredSocieties/Trustsinvolved inmicro-finance2. Proven trackrecord as perown criteriaFlexible asdecided bygroupsNGO Loan Composite Credit Low cost housingfor economicallyweaker sections1. NGOs2. Federationof SHGs3. WomenDev.Corpns.Organizationworking withwomen and inexistence for 3years withproven trackrecord as perown criteriaOnly forproductive andincomegenerationpurposes1. NGOs2. Federation ofSHGs3. CooperativesOrganization inexistence for 3years and haveproven trackrecord in microfinanceas perown criteriaFor housingimprovement andconstruction1. NGOs2. Cooperatives3. Companies(for or not forprofit)Proven trackrecord as per owncriteriaFor microenterpriseandhousingRevolving loanfund programme1. NGOs2. Federation ofSHGs3. NBFCs4. Cooperatives5. SHGs1. Should beworking withwomen & withminimum oneyearexperiencein microfinance2. Membership ofat least 800women with atleast 2 lakhs ofmember savings1. IGA, includingagr. & animalhusbandry2. Housing &Sanitation3. EducationNGO SupportProgramme1. NGOs2. Federations3. AssociationofEntrepreneurs1. RegisteredSocieties/Trustsinvolved inmicrofinance2. Provedtrack recordas per owncriteriaFlexible asdecided bygroups(contd.)70
Appendix 3 (contd.)OrganisationSIDBILucknowNABARDBombayRMKNew DelhiHUDCONew DelhiHDFCBombayFWWBAhmedabadRGVNGuwahati5. Interest rate(per annum) torecipient6. Maximuminterest ratesfor on lendingto members7. Loanamount permember8. RepaymentPeriod11-12.5%(i) 7.5% for 1sttier institutions(ii) 9% for 2 ndtier institutionsNo ceiling No ceiling Not greaterthan 18%Flexible asdecided bygroups3-5 years withor withoutmoratorium9. Collateral Mortgage ofassets10. Loanoutstanding(Rs.)Aggregateassistance Rs.52.76 crores(March 2000)Flexible asdecided bygroups3 to 5 years withone yearmoratoriumNot requiredCumulativedisbursementsRs. 7.08 crores(March 2001)Flexible asdecided bygroups8% 9%Short term:6-15 monthsLong term: 2-5years withmoratorium ifneeded10% of the loanas margin fromNGO/SHGsCumulativedisbursementsRs.59.79 crores(March 2000)12%Improvement:Rs.10,000Construction:Rs.25,000 to40,000(i) 9% forhousing(ii) 12% formicro-enterprise1. 15%(housing)2. 24% (microenterprise)Decided bygroups. Not toexceed Rs.45,000 (housingloans) and Rs.15,000 (microenterpriseloans)15 years 1. 15 Years forhousing loans2. 3 years formicro-enterpriseloans10% of the loanas deposit withHUDCOn.aLand titledocument (forhousing)(i) Rs. 80 crores(housing);(ii) Rs. 1.1 croresmicro-enterprise(2002)(i)12% to SHGs(ii) 13.5% to NGOsand other forms ofMFIs(iii) 14% to NBFCsAs decided bygroupsFlexible as decidedby groups (atpresent averageloan per individualis Rs. 3,500)Varies between oneand five years withmoratorium of 6months on principalrepayment only.Not required17.41 crores (as on31 March 2001)9%As decided bygroupsFlexible asdecided bygroupsNegotiableNot required2.32 crores(as on 31 March2001)71
Page 4 and 5:
List of AcronymsAIAMEDAIMSAPMASASAA
Page 6 and 7:
EXECUTIVE SUMMARY1. Introduction1.1
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self-management by members and scal
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6.4 On the other hand field reports
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sustainable self-help groups. An in
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2. DEVELOPMENT OF SELF-HELP GROUPS
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average loan per SHG was Rs. 18,227
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• training and sensitising bank o
Page 20 and 21:
organizational structure and the na
Page 22 and 23:
Table 2.1 (contd.)S.No.ParticularsN
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the SHG from banks starts from pari
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• In either situation SHGs can co
Page 28 and 29:
3.2.3 SHG Federations Linked to MF
Page 32 and 33: 3.4 ConclusionThis section served t
Page 34 and 35: MYRADA,Karnatakaa.o.OUTREACH,Karnat
Page 36 and 37: Name ofNGO/StateDHANFoundation,Tami
Page 38 and 39: However, for a comparative analysis
Page 40 and 41: linkages with credit and savings 34
Page 42 and 43: out of 5,153 SHGs covered under the
Page 44 and 45: eceived revolving fund grants, cost
Page 46 and 47: the high level of educated unemploy
Page 48 and 49: CARE-CASHE Project(A.P.)(implemente
Page 50 and 51: Holy CrossSocial ServiceCentre(HCSS
Page 52 and 53: Agency/Programme5. Rashtriya Mahila
Page 54 and 55: microfinance intermediary 41 . Unde
Page 56 and 57: On the other hand, there is evidenc
Page 58 and 59: infrastructural and other constrain
Page 60 and 61: would not be possible while working
Page 62 and 63: through the SHG as a basis to sourc
Page 64 and 65: the programme is particularly probl
Page 66 and 67: It is possible to query the methodo
Page 68 and 69: world. Other partners from India ar
Page 70 and 71: RECOMMENDATIONSIt is not clear what
Page 72 and 73: REFERENCESAIAMED (2000), Good Pract
Page 75: Mahajan, Vijay and G. Nagasri (1999
Page 79: Appendix 2: Types of SHGsTypes of S
Page 83 and 84: 4. Trade based Group model: The est
Page 85 and 86: Appendix 5S.No.1. JOTHI 92,077.00
Page 87: Appendix 6: Stages of Evolution of
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Self-help Groups as Financial Intermediaries in India ... - Sa-Dhan

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