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Source: The Hindu (http://www.hinduonnet.com/2010/02/12/stories/2010021254630200.htm)
Other States
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Orissa
Financial assistance to JLGs favoured
Correspondent
KORAPUT: Innovations such as SHG bank linkage programme proved to be successful in providing financial services to the poor in Koraput district, said A.K. Parhee, AGM of NABARD, here on Thursday.
He was speaking at a meeting held to promote joint liability groups (JLG). While highlighting the background of the programme, he said that in order to develop effective credit products for mid segment clients having access to productive assets, NABARD had piloted the project during 2004-05 in eight States through 13 RRBs. The results proved that the JLG approach could successfully be adopted by banks to reach out to clients like tenant farmers, share croppers, oral leasees and farmers with small land holdings without proper land records, he added. District Collector Rajesh Pravakar Patil emphasised the need to provide loans to the needy.
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