Streenidhi – Society for Elimination of Rural Poverty, Andhra Pradesh


SKOCH Award Nominee

Category: Finance Inclusion – State Department
Sub-Category: Innovation
Project: Streenidhi
Start Date: 2011-10-06
Organisation: Society for Elimination of Rural Poverty, Andhra Pradesh
Respondent: Mr SIDDI SRINIVAS, Deputy General Manager
https://www.sthreenidhi.ap.gov.in/SNBank/UI/Home.aspx

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Presentation

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For more information, please contact:
Mr SIDDI SRINIVAS, Deputy General Manager at dgm.admin@streenidhi.com


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11 Comments

  1. Stree Nidhi credit cooperative Federation Ltd., was promoted by the Government of Andhra Pradesh and Mandala Mahila Samakhyas to provide Livelihood Finance to SHG women. Stree Nidhi is a flagship programme of the Government of AP. Stree Nidhi provides timely and affordable credit to the poor SHG women as a part of the overall strategy of SERP for poverty alleviation.

    SHGs are comfortable to access hassle free credit from Stree Nidhi as and when they require and therefore do not see any need to borrow from other sources at usurious rates of interest. Stree Nidhi is in a position to extend credit to the SHG women even in far flung areas of the state within 48 hours to meet credit needs for Livelihood activities. As credit availability is linked to grading of MS and VOs, community is keen to improve functioning of the same to access higher amount of credit limits from Stree Nidhi.

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