Micro finance helps banks

BANGALORE: Agricultural Minister Umesh Katti said banks across the state were developed due to micro finance, especially in the rural areas. According to him,farmers and the agricultural

Published: 01st March 2012 01:56 AM  |   Last Updated: 16th May 2012 06:26 PM   |  A+A-

BANGALORE: Agricultural Minister Umesh Katti said banks across the state were developed due to micro finance, especially in the rural areas.

According to him,farmers and the agricultural institutes were benefited from it.He was speaking at a function organised by National Bank for Agriculture and Rural Development(NABARD) to distribute 2010-11 awards for the SHG-JLG (Self Help Group and Joint Liability Groups) in the city.

NABARD’s objective behind the award  was to motivate and support the people’s organisation for best performances in SHGs and JLG linkage, FarmersClub, VDP(Village Development Programme)and for sponsoring NGOs and banks.

Katti said proper banking facility in the rural areas was needed for healthy development “But unfortunately the rural parts of the country is denied facilities,” he added.

Chief General Manager NABARD SNA Jinnah said with 6.8 lakh SHG-JLH, Karnataka was at the forefront. “There are two main objectives behind this award, one is to further encourage them and second is to learn and understand what best practices they are implementing,” he added.

According to him, SHG and JLG helped the livelihood of landless farmers through credits from various banks.

Among commercial banks , State Bank of Mysore, Cauvery Kalpatharu Grameena Bank among regional rural banks and Tumkur District Central Co-operative Bank Ltd among cooperative banks were best performers in the SHG-Bank Linkage Programme in 2010-11.

Stay up to date on all the latest Karnataka news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp