Introduction

Sthree Nidhi Credit Cooperative Federation, which was set up for women self-help groups (SHGs) a year ago as an alternative low-cost delivery solution to the private microfinance lending in Andhra Pradesh, is planning to expand its credit portfolio to Rs 1,500 crore in the current financial year.

To achieve this target, the fledgling organization would raise Rs 1,000 crore from commercial banks and hopes to mobilise the remaining funds internally by way of recirculation.

After launching the operations on October 6TH 2011, the bank till date has disbursed Rs.365 crores to women borrowers covering around 62,000 SHGs out of 1 million SHGs.

OBJECTIVE:-

Provide financial assistance to the SHG members for their emergency needs as supplementary loan by 48 hours.