NABARD conducts credit camp for SHGs under EShakti
Jammu & Kashmir
UDHAMPUR: A credit camp for Self Help Groups (SHGs) under EShakti was organised by Manohar Lal, DDM, NABARD, Udhampur on Wednesday at Udhampur. P. Balachandran, CGM, NABARD, J&K RO, Jammu was the Chief Guest on the occasion. The programme was attended by Sat Pal Sharma, Chief Manager, PNB, Bal Ji Naru, LDM, Udhampur, various branch managers of PNB from Udhampur, Om Prakash, President, Gramin Pragati Sangathan, Udhampur and members of SHGs.
Sanction letters for a loan amount of Rs. 80.85 lakh were given to the 35 SHGs by Balachandran. These SHGs are promoted with financial assistance from NABARD by Gramin Pragati Sangathan in Udhampur district. The entire loan amount has been sanctioned by various branches of PNB in Udhampur district. It is pertinent to mention that during the current financial year the PNB has sanctioned and disbursed an amount of Rs. 429.00 lakh to the SHGs promoted with financial assistance from NABARD by the above mentioned NGO in Udhampur district. It may be mentioned here that the recovery under these loans is 100 per cent.
Speaking on the occasion Balachandran appreciated the efforts of PNB in financing the SHGs in Udhampur district. DDM, NABARD apprised that EShakti is project started by NABARD for digitization of the records of the SHGs.