NABARD, Jharkhand launched EShakti Phase IV Project in 6 districts (Garhwa, Lohardaga, West Singhbhum, Palamu, Deoghar and Dumka) and signed MoU with three banks viz Allahabad bank, Union Bank of India and Jharkhand Rajya Gramin Bank for promotion of 610 JLGs in the State Level Meet of Bankers on Monday.
While launching the programme, CGM Ashis Kumar Padhi, highlighted that EShakti project is a flagship programme of NABARD aimed at digitization of SHGs. In the State of Jharkhand, a total of 29000 SHGs is aimed to be digitized in 4 phases. Digitization of SHGs will help in increasing the Credit linkage of SHGs. The project aimed at facilitating Banks for readily accessing the SHG data to take a prudent financing decision. Banks may make use of the portal and provide impetus to the SHG-BLP movement for economic empowerment of Rural women in Jharkhand. Promotion of JLGs is an appropriate instrument for financing the Small/Marginal Farmers/Oral Lessee/Tenant Farmers etc.
During the occasion, Annie Alexander, GM, NABARD, B K Sarangi, GM, Allahabad Bank, Praveen Sharma, GM, Union Bank of India, Bipan Singh, Regional Head, Union Bank of India, S R Panda, DGM, NABARD, S V Zode, Chairman JRGB, Amrendra Gupta, AGM, RBI, AGM, SLBC, along with Senior Officials from different banks and NABARD were present.
To give a boost to SHG-BLP movement, NABARD also released a brochure on EShakti. Dignitaries appreciated the efforts of NABARD for digitization of SHGs and also its multi-pronged Financial Inclusion efforts through JLGs.