Best Practices

Sthreenidhi Mahila Bank

Government of Andhra Pradesh had restricted the operations of micro finance institutions in the state due to allegations of usurious interest rates and unethical practices followed for loan repayment. In the absence of active micro finance operations, micro credits for SHGs had become limited. Sthreenidhi has been set up as an alternative to micro finance institutions offering loans to SHGs at nominal interest rates. Sthree Nidhi Credit Cooperative Federation is promoted by Mandal Mahila Samakhyas and Federations of Self Help Groups (SHGs) at Mandal level, in association with the Government of Andhra Pradesh with an initial equity of Rs. 1000 crores in order to address the credit needs that cannot be addressed under the SHG-bank linkage schemes. . .

Credit limit allocated to each Mandal ranging from Rs. 25 lakhs to Rs. 2 crores depending on the performance of the SHG federation at Mandal level. SHG federation in turn evaluates the performance of the Village Organisations (VOs) and allocates credit limit ranging from Rs. 2 lakhs to Rs. 10 lakhs. VOs are allowed to sanction loans within the given credit limits to their members after due diligence. Amount transferred to the SHG account using the IVRS mode.

 

 

 

 

News and Events

21 May 2012 to 01 June 2012
Familiarization Programme on RTI for newly Appointed ICs
CGG acceding to the request from the Andhra Pradesh Information Commission (APIC) organized "Familiarization Programme on the Right to Information Act, 2005 for the Newly Appointed Information Commissioners" from 21 May 2012 to 01 June 2012.


21 April 2012
Launching of Website of A.P.History Congress
Comprehensive History & Culture of Andhra Pradesh Website Lanuched on 21st April, 2012 by Dr. P.V. Parahbrahma Sastry, eminent Epigraphist and former deputy director of Dept. of Archaeology and Museums.


28 February 2012
Inaguration of R.T.I.Clinic
Right To Information (RTI) Clinic has been inaugurated at the MRO office, Sheikhpet Mandal of Hyderabad district, AP. It was inaugurated by Ms. Minnie Mathew, IAS, Spl.Chief Secretary to the Government, GA (GPM&AR), Govt of Andhra Pradesh on 28th February 2012 .


11 January 2012
Launching of Website of A.P.Legislature
Centre for Good Governance has developed a web portal for AP Legislature. The Hon’ble Speaker Sri Nadendla Manohar launched the website www.aplegislature.org on 11-01-2012 at Visakhapatnam. Dr. Phani Kumar, IAS, Director General, CGG had made a presentation on the features of the portal. It is a dynamic website offering host of online services and facilities to the Members of Legislature and Citizens.


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