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September 13, 2016

SHPI

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Self Help Promotion Institutions (SHPIs)

Self Help Promotion Institutions (SHPIs) is a scheme of NABARD for promotion and financing of Women Self Help Groups (WSHG) in association with Government of India is being implemented across 150 backward districts of the country. The scheme is an attempt at having Self Help Promoting Institutes (SHPI) to work not merely as an SHPI for promoting and enabling credit linkage of these groups with banks, but also serving as a banking / business facilitator, tracking, monitoring these groups and also being responsible for loan repayments. The objective of the scheme is to saturate the districts with viable and self sustainable WSHGs by involving anchor NGOs / support agencies who shall promote and facilitate credit linkage of these groups with banks, provide continuous handholding support, enable their journey for livelihoods and also take responsibility for loan repayments.

SPADE, as an anchor NGO / support agency had been selected by in one of the identified districts for implementation of the project.

NABARD defined five types of self help promoting institutions (SHPI) as follows:

  1. NGOs or trusts or societies which promote SHGs for bank linkage. It does not include NGO/MFIs which are themselves financial intermediaries.
  2. Banks are themselves SHPIs when branch staff themselves promote SHGs, from scratch, and then mobilise their savings and lend to them. The banks may be commercial banks, or RRBs, or co-operative banks.
  3. VVVs are farmers’ clubs which have been set up, usually with assistance from NABARD, and initially to improve the credit culture in their community.
  4. Self-employed individuals are people who promote SHGs not as employees or members of an institution but as individuals. They may do this as genuine volunteers, without any remuneration, or they may earn some income from the activity.
  5. A further type of SHPI, is the SHG federation.

SPADE, as an anchor NGO in Dakshin Dinajpur District

Click to enlarge.

Click to enlarge.

Under this background SPADE is implementing a scheme for promotion and financing of Women Self Help Groups (WSHG) in association with National Bank for Agriculture and Rural Development (NABARD) in 8 community development blocks of Dakshin Dinajpur District.

SPADE began this project from September, 2015 with a view to promote and enable credit linkage of 500 SHGs within the period of three years. SPADE as Self Help Promoting Institutes (SHPI) aims to work not merely as an SHPI for promoting and enabling credit linkage of these groups with banks, but also serving as a banking / business facilitator, tracking, monitoring these groups and also being responsible for loan repayments.

SPADE promoted 500 WSHGs.

The objective of the scheme is to saturate the districts with viable and self sustainable WSHGs by providing continuous handholding support, enable their journey for livelihoods and also take responsibility for loan repayments. Till 30th September, 2018 500 groups have completed their CC linkages. Micro Investment Plans (MIPs) of all these SHGs for their livelihood enhancement have been carried out.

At present refresher training, internal audit of accounts of the groups are going on and till 30th September, 2018 completed 320 groups. One year old group list preparation and submission to the Banks is going on to enhance credit limit.

In Sabala maela two SHGs from Kushmandi block got first prize for their handicrafts product IN 2017.

Livelihood & Enterprise Development Programme has been started in Hili block of the district. Under the scheme 150 members of SHG members has been enlisted to start a goat rearing training & handholding programme.

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