PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601733

Primary Business Area

Finance and Markets

Disclosure Date

Nov 28, 2016

Country

India

Region

South Asia

IFC Approval Date

Nov 11, 2016

Status

Completed

Estimated Total Budget

$819,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Jun 30, 2019

Project Description

India's Self-Help Group (SHG) Bank Linkage program (SBLP) has been a critical driver of improved access to finance for low income households. The SBLP is considered as one of the largest community based microfinance programs and forms a key component of India's banking business.
While the SHG movement has been a powerful tool for financial inclusion and access, the portfolio has faced challenges such as - inadequate outreach in many regions, inefficiencies in disbursements and collections, limited bank interface and monitoring, and instances of multiple lending/borrowing.

This project aims to build and strengthen credit data collection and CB reporting of individual SHG borrowers through a dual-pronged approach. The first is broadening of coverage - aid banks in reporting the individual data and inquiring for credit information reports of SHG borrowers. The second objective centers on creating awareness and capacity building regarding CIB sectorally.

Development Results

E&S Risks / Impacts and Mitigation