Just a moment...
We've upgraded AI Tools on TaxTMI with two powerful modes:
1. Basic
• Quick overview summary answering your query with references
• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced
• Includes everything in Basic
• Detailed report covering:
- Overview Summary
- Governing Provisions [Acts, Notifications, Circulars]
- Relevant Case Laws
- Tariff / Classification / HSN
- Expert views from TaxTMI
- Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.
Help Us Improve - by giving the rating with each AI Result:
Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Press Information Bureau
Government of India
Ministry of Finance
25-November-2011 18:59 IST
The agency-wise progress under SHG-Bank Linkage Programme as on 31 March 2011 is as under:
(Amt. Rs. lakh)
Sl. No.
| Name of the Agency
| Total outstanding Bank Loans to SHG | Average loan outstanding per SHG | |
|
| No.of SHGs | Loans outstanding |
|
1 | Coml. Bank | 3053472 | 2188325.67 | 0.71 |
2 | RRBs | 451798 | 190785.65 | 0.42 |
3 | Coop. Bank | 1281493 | 743005.23 | 0.57 |
| Total | 4786763 | 3122116.55 | 0.65 |
The average loan outstanding per SHG has increased from Rs.57,795/- in March 2010 to Rs.65,224 in March 2011.
Peer pressure plays an important role in SHG mechanism which ensures timely recovery of outstanding loan. As on 31.03.2011 over 95% SHG loan accounts are regular.
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to an Unstarred Question in Lok Sabha today.
******
DSM/Hb
SHG loan regularity reflects strong repayment discipline and increased average outstanding under the SHG Bank Linkage Programme. The SHG Bank Linkage Programme records sustained portfolio performance with over ninety five percent of SHG loan accounts regular as of 31 March 2011; average loan outstanding per SHG increased from March 2010 to March 2011. Agency wise outstanding loans and average exposures for commercial banks, regional rural banks and cooperative banks are reported, and timely recovery is attributed chiefly to peer pressure mechanisms within SHGs.Press 'Enter' after typing page number.