To supplement credit flow from banking sector To provide timely and affordable credit Promote livelihood finance and project based lending

Changes in Loan policy Loans to SHG members in the same SHG- not exceeding 6 members at any point of time 85% of VO credit eligibility to income generating activities instead of 75% Stree Nidhi as channelizing agency for Unnathi Loan requests for all livelihood activities in the VO meetings only Loan requests for emergency/consumption purposes in the presence of 6 members of EC Credit limits depending upon Own funds, grade of VO, no of SHGs affiliated-in respect of VOs in A and B grade VOs Mobile no of borrowing member is captured to ensure transparency SMSs are being sent to all the staff concerned for proper monitoring

Business Correspondent Activities Stree Nidhi positioned as corporate BC to SBI, Andhra Bank and SBH- Other banks in pipe line. About 2500 villages have already been allotted to us by banks It would be a game changer so far as banking services and financial inclusion is concerned Extending banking facilities in village itself- customers door step like ATM Saving in time and transaction cost to customers- Visits to branch can be reduced to a great extent Providing livelihood to a SHG member as Village Level Entrepreneur (VLE) Providing Laptop, printer, Biometric machine and Web Cam on loan basis to the VLE Ease of financial services to SHGs Mangers (FI)posted in 6 districts, 2 AGMs(FI) and a DGM to monitor the activity appointed

Other Initiatives StreeNidhi MS committee constituted and trained Using the services of SSAAT & CRP Audit institution

Disbursement: District wise Achievement

Loans Status of A & B Grade VOs B Grade VOs A Grade VOs

Purpose wise Loan disbursement

Range District NameNPA % < 2% Karimnagar1.98 Medak1.66 Nalgonda1.47 Ranga Reddy1.02 Warangal0.90 Chittoor0.54 Nizamabad % Mahabubnagar3.43 Guntur2.45 Kurnool2.33 Srikakulam2.23 Krishna2.17 Kadapa2.08 >4% East Godavari9.27 Prakasam7.08 Khammam6.70 Nellore5.55 Vizianagaram5.36 Visakhapatnam4.93 Adilabad4.40 West Godavari4.28 Anantapur4.24

Nellore – AC Cluster

Visakapatnam – AC Cluster

Adilabad – AC Cluster

West Godavari – AC Cluster

Nalgonda-AC Cluster

ISSUES AND PROBLEMS Loan misutilisation–OBs/VOAs/Staff Equal distribution of loans- Benami loans Loan documents not taken Mobile not with community Loans given to outsiders Loan diversion- not utilized for the purpose for which it is applied No meetings and books in VO

The level of NPA shall be brought down to below 0.5% by 10 th March Regular review meets will be conducted with non performing Mandals and ACs concerned. Fortnightly review meetings with StreeNidhi Sub Committee members will be conducted. MS Sub Committee members services will be for : To ensure repayment of loans including NPA accounts. Verification of loan documents. Verify assets created out of loans. Ensure mobilization of Samruddhi and Bhavitha deposits. ACTION POINTS:

ACTION POINTS Conduct special MS EC meeting exclusively for StreeNidhi using service charges paid to MS Unadjusted recovery entries- to be adjusted within 5 days from the date of receipt / payment. Review of cases relating to Misutilization of loans by Project Director, DRDA. Establishment of Business Correspondent (BC) services in the identified villages in each district- follow guidelines for identification of VLEs- involving VOs. Conduct of social audit by SSAT, CRP Audit Institution- from next week- VOs identified will be forwarded to DRDAs along with schedule Validation of SHG accounts- One lakh SHG SB accounts are not matching with banks-unless the accounts are validated, the SHGs are not eligible to access loan from StreeNidhi. Opening of SB accounts by VOs exclusively for making recoveries in respect of Unnathi loans sanction by StreeNidhi.