Date:15/07/2005 URL: http://www.thehindubusinessline.com/2005/07/15/stories/2005071501221700.htm

Back Malaprabha Grameena Bank bags award for SHG scheme

Our Bureau

Mangalore , July 14

THE Dharwad-based Malaprabha Grameena Bank, a regional rural bank sponsored by Syndicate Bank, has covered 80,000 families under self-help groups (SHGs) in its area of operation, according to Mr B.S. Surendra, Chairman of the grameena bank.

Receiving the `best performance award' for SHG-bank linkage from National Bank for Agriculture and Rural Development (Nabard) in Bangalore recently, he said the bank proposes to credit link 4,600 more SHGs during the current financial year. A bank release said here on Thursday that it has delved deeply into micro-credit with total involvement in formation and credit-linkage of SHGs.

During 2003-04, it provided credit linkage to 3,405 SHGs involving an amount of Rs 8.79 crore.