National Bank For Agriculture and Rural Development - Microfinance and NABARD

Microfinance and NABARD

For a better reach of microfinance program a continuous check of the status, progress, trends, qualitative and quantitative performance comprehensively is required. Thus the Reserve Bank of INDIA and NABARD has laid out certain guidelines in 06-07 for the commercial banks, Regional Rural Banks and Cooperative Banks to provide the data to RBI and NABARD about the progress of the microfinance program. There are three aspects on which the data was collected, savings of self-help groups with banks, loan disbursed by banks to self-help groups default by self-help group’s repayment of the loans taken from banks. Banks also provides data regarding loans given by banks to the microfinance institutions.