Monday August 20, 2018
Home Business Nabard launch...

Nabard launches digitization scheme for women’s self help groups

0
//
561
Republish
Reprint

woman-113722_640

By Newsgram Staff Writer

 With an objective to foster financial inclusion, NABARD has started a pilot project for digitization of women’s self help groups to improve the quality of interface between SHG’s and banks for hassle free delivery of banking services. It is a step taken by the National Bank for Agriculture and Rural Development (NABARD) to empower women through IT. The scheme was launched by Minister of State for Finance, Jayant Sinha at Ramgarh in Jharkhand.

“The project will benefit various stakeholders. It will facilitate mainstreaming of SHG members with Aadhar-based financial inclusion and Pradhan Mantri Jan Dhan Yojana enabling access to wide range of financial services,” Jayant Singh said.

He also emphasized on the need for higher coverage of women under Prime Minister Jan Dhan Yojana and hoped that this would lay down the basic blueprint for women’s participation. Sinha also asked NABARD to also launch a pilot project on credit intensification in select backward districts.

“Digitisation will bring transparency, credibility to operations of SHGs through inbuilt grading MIS and thereby increasing the comfort of bankers in credit appraisal, disbursement and monitoring,” he said.

Talking about the importance of capital formation in agriculture, he articulated confidence that NABARD will make best use of Long Term Rural Credit Fund of Rs 15000 crore provided in Union Budget 2015-16.

All the data of SHGs and their constituent members will be fed into tablets and mobile phones which will be uploaded in the secured and dedicated website-eshakti.nabard.org, confirmed, NABARD chairman Harsh Bhanwala.

There are more than 74 lakh SHGs in the country having bank accounts, out of which around 42 lakhs are credit-linked which will benefit from digitization after the implementation of this project all across India.

 

 

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

In Jharkhand Lynching Case, Guilty Would Be Punished: Jayant Sinha

In a picture that has gone viral, the Union Minister could be seen garlanding the convicts in the Ramgarh lynching case in Jharkhand

0
Sinha further said that he has full faith in our judiciary
Sinha said that he has full faith in our judiciary. Flickr

After sparking a political storm by welcoming eight men who were convicted in the Ramgarh lynching case in Jharkhand with a garland, Union Minister Jayant Sinha on Saturday said that the Ranchi High Court has suspended the sentence of the accused and released them on bail.

The Union Minister of State for Civil Aviation said on Twitter, “In the Ramgarh case (mob lynching), the Ranchi High Court, which is the first court of appeal, has suspended the sentence of the accused and released them on bail while admitting their case. The case will once again be re-heard.” Sinha further said that he has full faith in our judiciary and that those who are innocent would be spared while the guilty would be appropriately punished.

“I have full faith in our judiciary and rule of law. Unfortunately, irresponsible statements are being made about my actions when all that I am doing is honoring due process of law. Those that are innocent will be spared and guilty will be appropriately punished,” he said.

He added, “I have repeatedly expressed my misgivings about the Fast-Track Court judgement sentencing each accused to life imprisonment. I am pleased that the Hon’ble High Court will hear the matter as a statutory court of appeal to test the correctness of the Fast-Track Court order.” Sinha, who represents the Hazaribagh seat in Lok Sabha, yesterday felicitated eight men convicted for killing a meat trader in Jharkhand last year.

In a picture that has gone viral, the Union Minister could be seen garlanding the convicts in the Ramgarh lynching case in Jharkhand at his residence on the outskirts of Hazaribagh.

A Ramgarh Court had sentenced the 11 accused, in connection with the Alimuddin murder case in Ramgarh district to a lifetime in prison.

lynching-header
lynching header. Flickr

Alimuddin, also known as Asgar Ansari, was intercepted by a mob and beaten to death in June last year over suspicions of transporting beef in his vehicle near Bazartand village. The mob later set the vehicle ablaze.

Also read: New Portfolio: Full List of Union Council of Ministers after Reshuffle

Following the lynching incident, section 144 was imposed in Ramgarh. (IANS)