Case Studies

sectors > Financial Inclusion
Where Credit is Due
KARNATAKA

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