Rural

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Title: Rural

Essay Details:

Subject: History

Author: Rita H

Date: March 5, 2015

Level: University

Grade: A

Length: 3 / 699

Essay text:

It has come to refer to a form of Accumulating Saving and Credit Association (ASCA) promoted by government agencies, NGOs or banks. These groups manage and lend their accumulated savings and externally leveraged funds to their members. The major programme involving financial intermediation by SHGs is the SHG-bank Linkage Programme. This Programme was launched in 1992 by National Bank for Agriculture and Rural Development (NABARD), the apex bank for rural development in India. By March 2002, the programme covered 7.8 million families with 90 per cent women members. On-time repayment of loans was over 95% for banks participating in the programme...

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