THE INITIATIVE

• JLGs to solve credit issues of poor fisherwomen

THE BENEFICIARIES

• Fisherwomen of Udupi district, Karnatak

THE CHALLENGE

• Financial exclusion of fisherwomen
• Lack of organised thought and action

THE SOLUTION

• NABARD sanctioned a JLG programme to Corporation Bank for formation and credit linkage of 350 JLGs
• Groups converged under the Interest Subvention Scheme of the Karnataka Fisheries Department, Government of Karnataka

THE IMPACT

• Women now have continued access to regular and adequate credit
• Converging these groups under the Interest Subvention Scheme has resulted in an interest rate that is as low as 3 per cent