Case Studies

sectors > Financial Inclusion
Taking Friends into Account
MADHYA PRADESH

THE INITIATIVE

  • Introduction of easy access to finance

THE BENEFICIARIES

  • Farmers of Dakshin Kannada and Udupi districts, Karnataka

THE CHALLENGE

  • Lack of regular and smooth banking services
  • Absence of technology in PACS and DCCBs

THE SOLUTION

  • NABARD sanctioned a project to the South Canara DCCB Ltd and linked the accounts of PACS members with DCCB accounts
  • PACS continued to disburse loans to farmers since accounts were maintained at both, DCCB and PACS levels
  • Farmers were enabled to use RUPAY KCC/ debit cards

THE IMPACT

  • Financial inclusion with higher credit off-take
  • Ease and transparency in banking services
  • Installation of micro-ATMs in PACS