Schemes

1. Maharashtra Rural Credit Programme (MRCP)

2. Swarna Jayanti Gram Swarozgar Yojana (SGSY)

3. Swayamsiddha Programe (IWEP)

4. Mahila Swavalamban Nidhi (MSN)

5. Ramai Mahila Shakshamikaran (SCP)

6. NABARD Add-On Project

7. Rashtriya Samvikas Yojana (RSY)

8. Krushi Saptak Yojana

9. Tribal Development Project (TSP)

Mahila Swavalamban Nidhi (MSN)

            The Mahila Swavalamban Nidhi - Fund was established under the Societies Registration Act 1860 and the Co-operative & Trust Act vide No. F/19565 dated 11.6.1997. The financial institutions by and large do not extend loans to meet the minor but essential credit needs of rural women. This situation is further compounded by the fact that women cannot offer any appropriate guarantors for their loans. They lack technical knowledge, and hence lack mobility, are overwhelmed by the perceived burden of the loan and have to face a general apathy and lack of sensitivity on the part of the bank officials.  All these reasons converge to make it extremely difficult for women to acquire loans from the established financial institutions.

            The MSN is basically aimed at providing financial assistance easily and without too many formalities to needy women.  The rehabilitation of the women in the earthquake area i.e. Latur and Osmanabad was done through the MSN scheme.  A loan amount of Rs.1.40 crores was allotted through 280 SHG groups. Rs.0.86 crores was saved by women and they generated Rs. 1.26 crores as internal lending through 6521 women.