NABARD's pilot for Digitisation of SHGs ‘EShakti’ –in tune with Government of India's mission of creating Digital India.
Digitisation is all about “Bridgingthe gap of opportunity” between
where you stand now andwhere you want to reach
in the times to come.
NABARD
‘We move with the dream of Digital India’~ Hon'ble Prime Minister
Digitisation of Self Help Groups
About EShakti
The project aims at digitisation of all the SHG accounts to bring SHG members under the fold of Financial Inclusion thereby helping them access wider range of financial services together with increasing the bankers' comfort in credit appraisal and linkage
Stakeholders
NABARD, SHGs, Self Help Promoting Institutions (SHPIs), Non-Governmental Organisations (NGOs), Banks, Government Agencies like SLRMs, NRLM etc. At a later stage, Credit Information Companies may also be brought on board.
Attributes
¬ e-book keeping for the SHGs¬ Regular updates for transactional data¬ Reports generated in the formats as required by bankers¬ Inbuilt automatic grading of SHGs based on NABARD/IBA(for NRLM) norms¬ Auto generation of Loan application for the bankers on input of resolution to borrow by SHG .
The USP of EShakti softwareis 'one-click' availabilityof social and financial
information of all the membersof the Self Help Groups.
Process
The project has a dedicated website , in which information of all the SHGs is uploaded through 'apps' on android Mobile/Tablet. Data authenticity is ensured through SMS alerts to members and sample audits. MIS reports on groups are generated and progress is tracked on a real time basis. Overall, the whole ecosystem was designed to address the complex issue related to patchy financial records of SHGs.
https://eshakti.nabard.org
CaptureMaster data
(Social & financial)
Regularupdates withMobile App
SMS alerts tomembers &
hosting of data
MIS Generationfor Banks & others
stakeholders
Project- Phases I and II
EShakti Phase I was rolled out during the year 2015 in Ramgarh (Jharkhand) and Dhule (Maharashtra) districts. Encouraged by the positive response from stakeholders in Phase I, the project was expanded to 23 more districts, in Phase II, across the country viz., Nalbari (Assam), Muzaffarpur (Bihar), Rajnandgaon (Chhattisgarh), Mehsana (Gujarat), Mandi (HP), Ambala (Haryana), Udhampur (J&K), Mysuru (Karnataka), Kasaragod (Kerala), Indore (MP), Wardha (Maharashtra), West Garo Hills (Meghalaya), Jagatsinghpur (Odisha), Bikaner (Rajasthan), Jhalawar (Rajasthan), West Tripura (Tripura), Barabanki (UP), Varanasi (UP), Dehradun (Uttarakhand), West Medinapur (West Bengal), Hazaribagh (Jharkhand) and two districts in UT of Puducherry.
Impact
¬ Provided credit to SHGs based on real time performance¬ Significantly reduced Saving-Credit linkage gap ¬ Captured credit history of members ¬ Promoted transparency through real time SMS alerts in 10 languages to members¬ Aided convergence of SHGs with other Government Programmes ¬ Integrated members with the larger Financial Inclusion Agenda.
340
1108
226 511
1424
3388
2333
3812
# SHGs(before)
# SHGs(after)
Credit Amt(before)
Credit Amt(after)
SHG unit in number and amount in lakh
Growth in credit linkage due to project EShakti
Ramgarh Dhule
Results have proved beyond doubt that technology if customised well, using local language,
will be whole heartedly welcomed and adopted by the rural poor. The digitally enabled SHGs
have effortlessly catapulted to the next orbit of credit linkage from Banks.
The project now covers 1.30 lakh SHGs. It also has demonstrated its potential to rejuvenate
the Self Help Group movement. It has led to:
1 Increased awareness levels of banks about functioning of SHGs, through the MIS generated
from the system, has resulted in large scale first as well as subsequent linkages for many
SHGs and also credit deepening in some of them.
2 Real time SMS alerts brought transparency to the operations / transactions and boosted
confidence among the SHG members.
3 The software has valuable data of about 15 lakh rural poor in 25 districts.
(On EShakti portal as on 16.06.2017)
Particulars
Villages covered
Groups covered
Groups credit linked
Members covered
Women covered
Members with Aadhaar
Members having mobile phones
Participating banks
Partner SHPIs
Number
19,100
1.30 Lakhs
63,700
14,94,300
14,62,600(98%)
12,07,700(81%)
5,15,800(35%)
176
91
Way Forward – Phase III
“Growth is a spiral process, doubling back on itself, reassessing and regrouping”
Tremendous response during pilot phases has encouraged us to consider expanding the
project to 175 more districts across the country (taking the total districts covered since
inception to 200), comprising around 20.30 lakh SHGs with an expected coverage of an
estimated 2 crore SHG members over a period of 3 years.
EShakti is poised to generate immense business potential for banks in the next 4 years post
the completion of this project. At present business volume of SHG in India is pegged at around
`1.00 lakh crore. Post EShakti implementation (pan India), this volume is estimated to grow
2.5 times more than the natural growth projection (sans digitisation), thus necessitating
EShakti intervention in the ecosystem as part of rejuvenating the SHG-Bank Linkage
Programme space.
“The greatest thing in this world is not so much where we stand as in what direction we
are moving”
Paving way for Credit Linkage
¬ Bank branches to access the portal through Intranet or
web link using their branch IFSC and password.
¬ About 31 MIS reports like Savings, meeting, Credit linkage, Repayment and
Demand Collection Balance can be generated sitting in the Bank branch itself.
¬ Easier processing of loan using EShakti system generated prefilled application
forms with all the members and group information.
https://eshakti.nabard.org
NABARD
Head Office : C-24, “G” Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051, India.Tel. : +91 22 2653 0084 • Fax : +91 22 2652 81 41 E-mail : [email protected] • Website : www.nabard.org
National Bank for Agriculture and Rural Development
Des
igne
d &
Prin
ted
at :
IMA
GE
IMP
RES
SIO
N 9
8695
3493
2
