Editing Society for Elimination of Rural Poverty (section)

=== SHG Bank Linkage ===
The SHG Bank Linkage programme was launched in the 1990s by [[National Bank for Agriculture and Rural Development|NABARD]].<ref>Frances Sinha, "State of Microfinance in India", p.7. Can be found at: http://www.inm.org.bd/publication/state_of_micro/India.pdf{{dead link|date=May 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> It's a nationwide effort with the largest presence in the southern states including Andhra Pradesh. As of 2008, 37.5% of all SHG Bank Linkage loans were made to borrowers in Andhra Pradesh.<ref>Pankaj Kumar and Ramesh Golait, "Bank Penetration and SHG-Bank Linkage Programme: A Critique", p.130. Can be found at: {{cite web |url=http://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=2029 |title=Archived copy |accessdate=2012-10-16 |url-status=dead |archiveurl=https://web.archive.org/web/20101109032838/http://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=2029 |archivedate=9 November 2010 |df=dmy-all }}</ref> The program expands credit lines to SHG members by linking SHGs with banks. While banks have the necessary resources, they may be reluctant to lend to poor individuals who lack collateral. SHG Bank Linkage programme makes provisions for that. To qualify for a bank loan, SHGs need to show commitment to financial responsibility through regular meetings, consistent savings, and good management of the loans they make from their own savings. This process reduces the risk of defaults. Facilitated by [[NABARD]], SERP has been largely successful in providing the rural poor with access to loans{{Citation needed|date=October 2012}} resulting in the SHGs scaling up their operations.<ref>{{cite web |url=http://www.thehindubusinessline.com/industry-and-economy/banking/article3155775.ece |title=Archived copy |accessdate=2012-03-28 |url-status=dead |archiveurl=https://web.archive.org/web/20120329022120/http://www.thehindubusinessline.com/industry-and-economy/banking/article3155775.ece |archivedate=29 March 2012 |df=dmy-all }}</ref>