SHGs is an initiative of Micro Credit and Innovations Department of NABARD. As a part of Prime Minister’s India's mission for creating a digital India, NABARD launched a project for digitisation of all Self Help Group (SHG) in the country. The project is being implemented in 100 districts across the country.
The project aims at digitisation of all the SHG accounts to bring SHG members under the fold of Financial Inclusion thereby helping them access wider range of financial services together with increasing the bankers' comfort in credit appraisal and linkage by way of:
- Integrating SHG members with the national Financial Inclusion agenda;
- Improving the quality of interface between SHG members and Banks for efficient and hassle free delivery of banking services by using the available technology;
- Facilitate convergence of delivery system with SHGs using Aadhaar linked identity.