The loan repayment rate by SHGs to Banks is 97.71 percent

Dec 7, 2022 | Business


In a written reply to a question in Rajya Sabha today, the Union Minister of State for Rural Development Sadhvi Niranjan Jyoti informed that the Loans are sanctioned by the banks in the name of Self Help Groups(SHGs). The distribution of loan to individual SHG members is done by the SHG, which is used by them for various activities. It is stated in the written reply that the loans outstanding to Self Help Groups (SHGs) as on 30th November, 2022 is Rs. 1,68,920.11 Crores.  The Loan repayment rate by SHGs to Banks is 97.71% as on 30th November, 2022.   


The Minister of State informed that the Ministry has commissioned several impact evaluation studies to understand the overall impact of the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM). An impact evaluation study of DAY-NRLM was conducted during 2019-20 by the International Initiative for Impact Evaluation (3ie) with the support of the World Bank. The assessment covered 9 states with around 27,000 respondents and 5,000 SHGs across Bihar, West Bengal, Odisha, Jharkhand, Madhya Pradesh, Chhattisgarh, Maharashtra, Rajasthan and Uttar Pradesh. The evaluation indicates that an additional exposure to the Mission for 2.5 years led to:


  1. Increase in income by 19% over the base amount.

  2. Decline in share of informal loans by 20%

  3. Increase in savings by 28%

  4. Improved labour force participation – proportion of females reporting secondary occupation is higher (4%) in treatment areas.

  5. Improved access to other Schemes – Significant increase in number of social schemes availed by treatment households (6.5% higher over the base value of 2.8 schemes).


The State-wise details of loan outstanding with SHGs as per the data on the Bank Linkage portal of the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM) as on 30th November, 2022 is placed is as follows-




(Amount Rs. in Crores)








































S.No

State/UTs

Loan Outstanding Amount


(As on 30th  November, 2022 )

1

ANDAMAN & NICOBAR ISLANDS

0.83

2

ANDHRA PRADESH

55897.82

3

ARUNACHAL PRADESH

12.46

4

ASSAM

2393.04

5

BIHAR

12275.30

6

CHATTISGARH

1249.59

7

GOA

49.22

8

GUJARAT

448.18

9

HARYANA

288.31

10

HIMACHAL PRADESH

173.55

11

JAMMU & KASHMIR

414.19

12

JHARKHAND

2502.91

13

KARNATAKA

19851.27

14

KERALA

7062.52

15

LADAKH

0.81

16

LAKSHADWEEP

1.31

17

MADHYA PRADESH

1958.14

18

MAHARASHTRA

5408.98

19

MANIPUR

24.22

20

MEGHALAYA

81.43

21

MIZORAM

48.64

22

NAGALAND

69.99

23

ODISHA

7067.64

24

PUDUCHERRY

159.01

25

PUNJAB

84.07

26

RAJASTHAN

1147.76

27

SIKKIM

26.99

28

TAMIL NADU

13025.00

29

TELANGANA

20224.75

30

THE DADRA AND NAGAR HAVELI AND DAMAN AND DIU

0.87

31

TRIPURA

255.97

32

UTTARAKHAND

106.11

33

UTTAR PRADESH

632.16

34

WEST BENGAL

15977.07

Total

168920.11


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Repayment of ‘8.13% GS 2022’

Aug 25, 2022 | Business


The outstanding balance of ‘8.13% GS 2022’ is repayable at par on September 21, 2022. No interest will accrue thereon from the said date. In the event of a holiday being declared on repayment day by any State Government under the Negotiable Instruments Act, 1881, the Loan/s will be repaid by the paying offices in that State on the previous working day.


As per sub-regulations 24(2) and 24(3) of Government Securities Regulations, 2007 payment of maturity, proceeds to the registered holder of Government Security held in the form of Subsidiary General Ledger or Constituent Subsidiary General Ledger account or Stock Certificate, shall be made by a pay order incorporating the relevant particulars of his bank account or by credit to the account of the holder in any bank having facility of receipt of funds through electronic means. For the purpose of making payment in respect of the securities, the original subscriber or the subsequent holders of such Government Securities, shall submit the relevant particulars of their bank account well in advance. However, in the absence of relevant particulars of bank account/mandate for receipt of funds through electronic means, to facilitate repayment of the Loan on the due date, holders may tender the securities, duly discharged, at the Public Debt Offices, Treasuries/Sub-Treasuries and branches of State Bank of India (at which they are enfaced / registered for payment of interest) 20 days in advance of the due date for repayment.


Full details of the procedure for receiving the discharge value may be obtained from any of the aforesaid paying offices.


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Repayment of ‘6.17% Government Stock 2021’

Jun 17, 2021 | Business

The repayment of Government stock is due as per details given below:

Table: Details of GoI Security maturing on July 15, 2021

Sl. No.

Name of Security

Scheduled Date of Repayment

Effective date of Repayment

No Interest Accrual from scheduled date of Repayment

(1)

(2)

(3)

(4)

(5)

1

6.17% Government Stock 2021’

July 15, 2021 (Thursday)

July 15, 2021 (Thursday)

July 15, 2021 (Thursday)

The outstanding balance under ‘6.17% Government Stock 2021’ will be repayable on the effective date of repayment as indicated in column 4 of above table. In the event of a holiday being declared on effective day of repayment by any State Government under the Negotiable Instruments Act, 1881, the Loan/s will be repaid by the paying offices in that State on the previous working day.

As per sub-regulations 24(2) and 24(3) of Government Securities Regulations, 2007 payment of maturity, proceeds to the registered holder of Government Security held in the form of Subsidiary General Ledger or Constituent Subsidiary General Ledger account or Stock Certificate, shall be made by a pay order incorporating the relevant particulars of his bank account or by credit to the account of the holder in any bank having facility of receipt of funds through electronic means. For the purpose of making payment in respect of the securities, the original subscriber or the subsequent holders of such Government Securities, shall submit the relevant particulars of their bank account well in advance. However, in the absence of relevant particulars of bank account/mandate for receipt of funds through electronic means, to facilitate repayment of the Loan on the due date, holders may tender the securities, duly discharged, at the Public Debt Offices, Treasuries/Sub-Treasuries and branches of State Bank of India (at which they are enfaced / registered for payment of interest) 20 days in advance of the due date for repayment.

Full details of the procedure for receiving the discharge value may be obtained from any of the aforesaid paying offices.

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