Micro credit: banks must mainstream SHG lending as priority sector with simplified procedures and discretionary interest rates. The circular requires banks to treat the SHG-Bank Linkage Programme as a normal business activity and to report lending under a separate Advances to SHGs segment as part of priority sector lending, while permitting operational flexibilities on margin, security, documentation and savings linked loan ratios; banks must provide simplified procedures, delegate sanctioning powers to branches, train staff, monitor and review SHG lending with half yearly reports to NABARD and SLBC/DCC oversight.
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Micro credit: banks must mainstream SHG lending as priority sector with simplified procedures and discretionary interest rates.
The circular requires banks to treat the SHG-Bank Linkage Programme as a normal business activity and to report lending under a separate Advances to SHGs segment as part of priority sector lending, while permitting operational flexibilities on margin, security, documentation and savings linked loan ratios; banks must provide simplified procedures, delegate sanctioning powers to branches, train staff, monitor and review SHG lending with half yearly reports to NABARD and SLBC/DCC oversight.
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