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    Swarozgar Credit Card

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    vedugpta
    The Swarozgar Credit Card (SCC) Scheme formulated by NABARD aims to provide adequate and timely credit to small artisans, handloom weavers, service providers, fishermen, self-employed persons, and other micro-entrepreneurs in both rural and urban areas. As of March 2004, over 28,000 cards had been issued involving over 64 crore rupees in credit limits. Farmers' Clubs are informal forums organized by rural bank branches with NABARD support to mutually benefit banks and rural communities. Under the Farmers' Club Programme, NABARD encourages banks to promote clubs to propagate the five principles of development through credit. Self-help groups comprise voluntary associations of poor

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    Swarozgar Credit Card

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    vedugpta
    154 views3 pages
    The Swarozgar Credit Card (SCC) Scheme formulated by NABARD aims to provide adequate and timely credit to small artisans, handloom weavers, service providers, fishermen, self-employed persons, and other micro-entrepreneurs in both rural and urban areas. As of March 2004, over 28,000 cards had been issued involving over 64 crore rupees in credit limits. Farmers' Clubs are informal forums organized by rural bank branches with NABARD support to mutually benefit banks and rural communities. Under the Farmers' Club Programme, NABARD encourages banks to promote clubs to propagate the five principles of development through credit. Self-help groups comprise voluntary associations of poor

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    The Swarozgar Credit Card (SCC) Scheme formulated by NABARD aims to provide adequate and timely credit to small artisans, handloom weavers, service providers, fishermen, self-employed persons, and other micro-entrepreneurs in both rural and urban areas. As of March 2004, over 28,000 cards had been issued involving over 64 crore rupees in credit limits. Farmers' Clubs are informal forums organized by rural bank branches with NABARD support to mutually benefit banks and rural communities. Under the Farmers' Club Programme, NABARD encourages banks to promote clubs to propagate the five principles of development through credit. Self-help groups comprise voluntary associations of poor

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    154 views3 pages

    Swarozgar Credit Card

    Uploaded by

    vedugpta
    The Swarozgar Credit Card (SCC) Scheme formulated by NABARD aims to provide adequate and timely credit to small artisans, handloom weavers, service providers, fishermen, self-employed persons, and other micro-entrepreneurs in both rural and urban areas. As of March 2004, over 28,000 cards had been issued involving over 64 crore rupees in credit limits. Farmers' Clubs are informal forums organized by rural bank branches with NABARD support to mutually benefit banks and rural communities. Under the Farmers' Club Programme, NABARD encourages banks to promote clubs to propagate the five principles of development through credit. Self-help groups comprise voluntary associations of poor

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Swarozgar Credit Card (SCC) Scheme

    The SCC Scheme formulated by NABARD in consultation with RBI and GoI envisages

    adequate and timely credit, both working capital and block capital, to small artisans, handloom weavers, service providers, fishermen, self-

    employed persons, rickshaw owners and other micro entrepreneurs, in rural and urban areas in a flexible, hassle free and cost effective manner from the banking system. The facility also includes a reasonable component for consumption needs. As on 31 March 2004, 28,925 cards were issued by CBs, Coop Banks and RRBs involving credit limit of Rs. 64.26 crore Farmers' Club Programme
    What are Farmers' Clubs? Farmers Clubs are grassroot level informal forums. Such Clubs are organized by rural branches of banks with the support and financial assistance of NABARD for the mutual benefit of the banks concerned and rural people.

    What is Farmers' Club Programme ? National Bank for Agriculture and Rural Development (NABARD) encourages banks to promote Farmers' Clubs in rural areas under the Farmers Club Programme, earlier known as Vikas Volunteer Vahini (VVV) Programme. The Programme was launched by NABARD in November 1982 to propagate the five principles of Development through Credit.

    Self help groups


    Self help groups comprise homogenous groups of poor people who have voluntarily come together mainly with the idea of overcoming their financial difficulties. SHGs can rightly be called a potent tool for human development. SHGs enable the poor, especially the women form the poor households, to collectively identify, prioritise and tackle the problems they face in their socio-economic environment. By pooling their meager resources and using them for lending among themselves, they develop the habit of thrift and the skill of credit appraisal, before getting linked to the banks. Staring with small loans for consumption they soon graduate to bigger loans for a wide range of micro-enterprise like vermin-composting, livestock rearing, handicrafts, vending of various commodities in rural areas, running distribution materials, etc. with a modest beginning of just 500SHGs in 1992, today the programme boats over 22 lakh SHGs and 3.3 crore households influencing the lives of over 16 crore poor population. During the year 2005-06 alone, as many as 6,20.109 groups were credit linked.

    KISAN CREDIT CARD SCHEME

    As a pioneering credit delivery innovation, Kisan Credit Card Scheme aims at provision of adequate and timely support from the banking system to the farmers for their cultivation needs including purchase of inputs in a flexible and cost effective manner. Since launching in August 1998, around 2.38 crore Kisan Credit Cards issued upto 31 March 2002 by Cooperative Banks, Regional Rural Banks and Commercial Banks put together. Scheme implemented in all States and Union Territories (except Chandigarh, Daman & Diu and Dadra & Nagar Haveli) with all Cooperative Banks,

    RRBs and Commercial Banks participating. Agency-wise/State-wise progress in issue of cards by all banks during 2001-02 and since inception of Scheme.

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