E Shakti for digitisation of Self Help Groups SHGs is a pilot project of ........

Economic Affairs Others

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E-Shakti for digitisation of Self Help Groups (SHGs) is a pilot project of

Prime Minister’s Office (PMO)

Micro Units Development & Refinance Agency Ltd. (MUDRA)

Reserve Bank of India (RBI)

National Bank for Agriculture and Rural Development (NABARD)

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Explanation:

It was initiated to address certain concerns like improving the quality of book keeping of SHGs and to enable banks to take informed credit decisions about the group through a Management Information System (MIS). The project aims at digitisation of all the SHG accounts to bring SHG members under the fold of Financial Inclusion. This increases bankers’ comfort in credit appraisal. Over 1 lakh SHGs have been digitized by now.