13 Panchayats have 100% Bank Linkage

They were declared as Community Development Societies by Minister M K Muneer at a function held in the city on Wednesday

Published: 27th February 2014 08:21 AM  |   Last Updated: 27th February 2014 08:21 AM   |  A+A-

Making a giant leap in the small-scale banking activities, 13 panchayats in Thiruvananthapuram district were declared as Community Development Societies (CDS) with 100 per cent Ayalkoottam-bank linkage here on Wednesday.

 The declaration was made by Minister for Panchayats and Social Justice M K Muneer at a function chaired by K Muraleedharan MLA at District Panchayat Hall in Pattom.

Small-scale loans are one of the important activities of ‘ayalkoottam.’ ‘Bank linkage loans’ are given for such neighbourhood groups (NHG) which promote the idea of ‘a bank in your yard.’

In order to ensure that all the NHGs get loans, various banks in the district have been linked with them. As many 13 panchayats in the district could attain 100 per cent linkage between banks and NHGs.

They include Vilavoorkkal, Vilappil, Malayinkeezhu, Perunkadavila, Azhoor, Kallara, Manikkal, Nagaroor, Madavoor, Pallikkal, Kottukal, Poovachal and Karumkulam.

The Kudumbashree Mission has prepared a detailed plan for the 2013-14 fiscal for micro enterprise sectors. Under it, a target of Rs 1,200 crore through the complete NHG linkage campaign has been set.

The project aims at making bank loans available to NHGs which are at least six months old. The loans are given on the basis of the grades given in proportion to the budget of the NHGs.

An amount of Rs 404 crore was distributed as linkage loans in Thiruvananthapuram district alone. Along with that, linkage loans up to Rs 100 crore in total have been granted in micro-enterprise-agriculture sector to the NHGs in the district.

Along with the declaration, various banks, CDS, Kudumbashree Balasabha, micro enterprises, group farmers etc that performed efficiently in the previous year were honoured at the function.


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