స్త్రీనిధి

1. స్త్రీనిధి పేద మహిళల పెన్నిధి Pds conference 06-febrauary-2014

2. స్త్రీనిధి • To supplement credit flow from banking sector • To provide timely and affordable credit • Promote livelihood finance and project based lending

3. Changes in Loan policy • Loans to SHG members in the same SHG-not exceeding 6 members at any point of time • 85% of VO credit eligibility to income generating activities instead of 75% • Stree Nidhi as channelizing agency for Unnathi • Loan requests for all livelihood activities in the VO meetings only • Loan requests for emergency/consumption purposes in the presence of 6 members of EC • Credit limits depending upon Own funds, grade of VO, no of SHGs affiliated-in respect of VOs in A and B grade VOs • Mobile no of borrowing member is captured to ensure transparency • SMSs are being sent to all the staff concerned for proper monitoring

4. Business Correspondent Activities • Stree Nidhi positioned as corporate BC to SBI, Andhra Bank and SBH- Other banks in pipe line. • About 2500 villages have already been allotted to us by banks • It would be a game changer so far as banking services and financial inclusion is concerned • Extending banking facilities in village itself- customers’ door step like ATM • Saving in time and transaction cost to customers- Visits to branch can be reduced to a great extent • Providing livelihood to a SHG member as Village Level Entrepreneur (VLE) • Providing Laptop, printer, Biometric machine and Web Cam on loan basis to the VLE • Ease of financial services to SHGs • Mangers (FI)posted in 6 districts, 2 AGMs(FI) and a DGM to monitor the activity appointed

5. Other Initiatives • StreeNidhi MS committee constituted and trained • Using the services of SSAAT & CRP Audit institution

6. Disbursement: District wise Achievement

7. Loans Status of A & B Grade VOs A Grade VOs B Grade VOs

8. Purpose wise Loan disbursement

16. Nellore – AC Cluster

18. Visakapatnam – AC Cluster

19. Adilabad– AC Cluster

20. West Godavari – AC Cluster

30. Nalgonda-AC Cluster

37. ISSUES AND PROBLEMS • Loan misutilisation–OBs/VOAs/Staff • Equal distribution of loans- Benami loans • Loan documents not taken • Mobile not with community • Loans given to outsiders • Loan diversion- not utilized for the purpose for which it is applied • No meetings and books in VO

38. ACTION POINTS: • The level of NPA shall be brought down to below 0.5% by 10th March 2014. • Regular review meets will be conducted with non performing Mandals and ACs concerned. • Fortnightly review meetings with StreeNidhi Sub Committee members will be conducted. MS Sub Committee member’s services will be for : • To ensure repayment of loans including NPA accounts. • Verification of loan documents. • Verify assets created out of loans. • Ensure mobilization of Samruddhi and Bhavitha deposits.

39. ACTION POINTS • Conduct special MS EC meeting exclusively for StreeNidhi using service charges paid to MS • Unadjusted recovery entries- to be adjusted within 5 days from the date of receipt / payment. • Review of cases relating to Misutilization of loans by Project Director, DRDA. • Establishment of Business Correspondent (BC) services in the identified villages in each district- follow guidelines for identification of VLEs- involving VOs. • Conduct of social audit by SSAT, CRP Audit Institution- from next week- VOs identified will be forwarded to DRDAs along with schedule • Validation of SHG accounts- One lakh SHG SB accounts are not matching with banks-unless the accounts are validated, the SHGs are not eligible to access loan from StreeNidhi. • Opening of SB accounts by VOs exclusively for making recoveries in respect of Unnathi loans sanction by StreeNidhi.