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Also the fact that NRLM will push for improvement in the SHG
bank linkage with better monitoring, lower rates of interest and a
sharper focus on livelihood generation, would give a greater
fillip to the growth of SHG programme.
2 http://indiamicrofinance.com/microfinance-demonetisation.html
While speaking to SHGs of Nayagram in Paschim Medinipur,
the clients claimed that banks usually grant fresh loans to SHGs
during the months of March and September. Thus, in the month
of November there is a little demand for new loans. Ms. Alpona
Maity, President of Badchara Progressive Cultural Forum, said
that people in the village do not need much money for their
domestic requirements, most of them grow their own crops and
vegetables and with 200 in pocket they can manage for two
weeks. Some well-off families might have problem but not us,
she added.